The American Dream of Home Ownership is NOT for You | You Will Own Nothing and Be Happy

Private investors aren't taking over the real estate market, despite what some might think. Join us as we tackle this misconception head-on with Aaron Morrow and Bryan Laflame. We promise a thorough examination of the claim that nearly half of 2023's home purchases were made by private investors, and we'll reveal the true statistics. Discover how large institutional investors actually hold a much smaller share of the market—peaking at around 2.5%—using data from Freddie Mac to back up our findings. We also delve into the real impact of I buyers and corporate entities on the housing landscape, providing a balanced perspective you won't want to miss.

Ever wondered how much influence big investors really have on the housing market? We break it down, highlighting that only 0.3% of the market consists of investors owning a thousand or more properties. Our discussion sheds light on misleading articles that inflate investor dominance to a staggering 44%. Yet, in localized areas like Kansas City, the concentration is indeed concerning. We'll examine the role of local governments in regulating this trend and explore the shift of institutional investors into the home improvement and service sectors. Plus, get an insider look at the challenges tech giants like Zillow face in the iBuy sector.

As home prices soar and wages stagnate, many potential homeowners struggle to afford their dream homes. But there's hope on the horizon. We highlight an upcoming Washington state program offering a 20% down payment assistance loan with 0% interest, designed to help those historically excluded from homeownership. Learn about the program's benefits and qualifications and why it's a game-changer for many. Before wrapping up, we share our summer plans, including a brief break and exciting updates to come in July. Stay tuned for warm wishes and our greetings for a great Friday, and don't forget to look out for more details on that fantastic assistance program!

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Explore through neighborhood vlog tours, and city pros and cons videos, and get unmatched insights into relocating to the Greater Seattle area! Transition confidently with guidance from a native Realtor® who's eager to help you settle in your perfect home! 🔑

Whether you are moving in 9 days or 9 months, give us a call ☎, shoot us a text 📝, or send us an email 📨 so we can help you make a smooth move to the greater Seattle, WA area!

Aaron Morrow Realtor Serving (King, Peirce, & Snohomish counties)
📱Call or Text: 206-451-3771
📨Email: aaronmorrow@livinginthegreaterseattlearea.com
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*PLEASE reach out if you would like to learn more about this AMAZING Washington State 20% Down Payment Assistance program opportunity to see if you would qualify!*

This is my Intro to every Podcast and YouTube video 

This is my Outro to every Podcast and YouTube video 

Transcript

Speaker 1: 0:19

hey everyone. It's uh aramara here again, and brian laflame. We're here to chat again. Oh yeah, you know brian's a washingtonian. Just wanted to mention that again.

Speaker 1: 0:31

We're here to talk about our institutional, so our big institutions that are buying up all the houses. Are they coming after your homes and will you not be able to basically buy a home in five years from now because the institutions have bought up all the houses and you're going to be forced to rent the rest of your life? That's what we are here to chat about today going over kind of both sides of the story and really kind of dispel some of these myths. I don't think we're at apocalyptic places yet in the United States, but we just do have some data to share and some articles that we were researching to kind of give you both sides of the story, because I do know the media likes to spin a lot of this and make it very sizzly.

Speaker 1: 1:24

So, without further ado, before we get into it, though, again, like I said, my name is Aaron Morrow, local realtor in the greater Seattle area. I work with homebuyers and sellers in king pierce and snow, which counties brian laflame here, my co-host washingtonian. He does home loans and he does them awesome basically pretty much like 90 plus percent of the loan products out there, and he's got you covered, all of this state and other states as well. So, um, yeah, so, brian, I found this really interesting because I seen uh, you know a few different articles about um. This number so, like this was the first one that a couple months ago, started going around. Um, about 44 percent of the single family homes purchased were from private investors in 2023. And this got picked up really quickly by even Congress. It went all over social media. People were like what that's?

Speaker 2: 2:21

a great headline. That's incredibly misleading. So that's a great headline. Almost half the homes, all of the United States.

Speaker 1: 2:28

I think this was posted by the Medium.

Speaker 2: 2:30

Let me double check my yeah, the medium article went viral yeah, absolutely crazy, absolutely nuts.

Speaker 1: 2:39

Um, and you know a couple of other people responded to it. I know the housing wire did do an article that responded to it. Um, right here, no, wall street investors haven't bought 44% of the homes this year. Now I will say that the data that they used I think overall it's true what they are saying. This is factual that they did not buy nearly half of the homes being sold in the United States.

Speaker 2: 3:09

It's not even close and we have some charts for you guys.

Speaker 1: 3:13

Yeah, now we will go over why some people are even trying to dispel these facts. You know, there, I mean, there's arguments on both sides of the equation here. I just and I, and to preface that there are some pockets of the United States that this is indeed more of a problem than like here in our local greater Seattle area market. Um, but nationwide as a whole it has not become as big of an issue as this story is spreading here. But we are here definitely to talk about it with you guys. If you have any questions, please feel free throw them in the chat. We're here to answer them as we get going on kind of going over more of this information with you guys. So, brian, yeah, so, were you some of your research? Were you looking through that response, the HousingWire article that kind of went over? Yeah, is that the main one that you got from?

Speaker 2: 4:17

That's the main one, and because it shows different data points and shows great data points and if you want me to share and go over the slides, you absolutely can.

Speaker 1: 4:25

Yeah, sure, why not? I'll throw it up on the screen here.

Speaker 2: 4:29

All right One sec. Once you get it up.

Speaker 1: 4:40

This is great podcasting right now. Just a bunch of clicking in to you guys just being quiet, not doing anything.

Speaker 2: 4:46

Alright.

Speaker 1: 4:48

Okay, let's pull this up. Okay, exhibit 7A All right, pulling it up.

Speaker 2: 4:52

Yeah, okay, let's pull this up, okay, all right. So let's look at this.

Speaker 1: 4:53

Exhibit 7A.

Speaker 2: 4:54

Exhibit 7A your honor, so the overall market share of investors has absolutely grown.

Speaker 2: 5:01

It's about 30% now. I've seen in this chart. But you can see, yeah, a huge growth in investors, in investors. So if we're looking at this, we could obviously say, oh my gosh, 44% of homes were bought by investors in 2023. I mean, sure, not really, but I can see where people would stop there and be like, oh my gosh, this is not great. But if we dive a deeper in which, if you ever follow us on this podcast, we absolutely always dive deeper in so, looking at this chart which is from Freddie Mac and the large corporate buyer share of the purchase market can show where large institutional investors hear what they're buying, and you see this huge move up post pandemic, as rates were super low, yeah, the companies like BlackRock and other institutional investors absolutely got into real estate. Companies like BlackRock and other institutional investors absolutely got into real estate.

Speaker 2: 5:52

And there has been an issue with them buying up a whole bunch of real estate I buyers which are like sell your home now for cash and they'll buy it sight unseen for a lower than market value. But you get to sell your house, but it still takes up a tiny percentage of total home buyers in America. So yeah, we have this hockey stick up. But look at the percentage of actual. The actual purchase market percentage is like two and a half percent. They didn't even reach two and a half percent market share at their peak level. Data line goes back to the start. So yeah, we've grown. Of course we have.

Speaker 2: 6:22

This is the way that institutions are investing their dollars. But to say that it takes up such a lion's share of the market just seems a little bit misleading. And here we can look at the investor home purchases by size of investor, so those with a thousand properties or more what you think of as an institutional investor very tiny. The bulk of home buying for these investors is people who own one to nine properties. Almost pretty much 20% of the entire rental market is mom and pop. You and me. We live in a house, we move up to a bigger house or we move across the country or whatever reason we move. We move and we decide to rent our house out instead of sell it, or we buy a house for our kid when they're going to college. Just the average everyday Joe home, that is the lion's share of who?

Speaker 1: 7:13

you could literally draw a pyramid as far as like the, the smallest point being the institutional investors, and then the, the base down, there being the tier one investor, like someone that owns a second home, or um this data, absolutely. Yeah.

Speaker 2: 7:31

Yeah, this is, this is the data going through 2023 of who bought what, and we're not saying that like, yeah, there's a 0.3%. Now this isn't 0.3% of investors who bought, who own a thousand plus properties, it's 0.3% of the total market is investors who own a thousand plus properties. Remember, we have tons and tons, millions and millions of homes. You can see here, too, that a thousand plus block buyers accounted for just 4% halfway through 2023. That's the latest data that I can find. It peaked up at 2.4%, but it still never reached two and a half percent. So for an article to say that 44% of the market is being gobbled up by institutional investing which is kind of what they were pointing towards it's just not so honest.

Speaker 1: 8:18

Yeah, no, of course, of course. Now I will say that there were a couple of when I was doing the research. There are some people that are talking about how this is a bigger issue in some more local markets. You know like, there's quite a few areas in the sunbelt that do have a much larger presence of institutional home buying, for instance, to quote this article here um, right here, just five companies, so institutional investors own 8,000 Kansas City houses, creating intense competition for residents. Now, what would be interesting though and I'm not a local real estate agent, but I would like to maybe connect with one of my local realtors over there to figure out how many, what's that portion of how many houses are in in Kansas city. You know, like, of the 8,000 that are there, what, what are, what would be the total? You know what's that ratio? So it'd be interesting to look into that.

Speaker 1: 9:30

But there are definitely people that are seeing. I mean, if you think about it from the standpoint of you have a whole community where the vast majority have been bought by an institutional investment firm that are renting out these properties. That's going to make it a lot harder on that local community, where you can control the rent a little bit better, they're going to be able to dictate more of what rental prices would look for. So it is a cautionary um, not being an alarmist here but it's something that I think uh local. I think it comes down to the local government level too, not just the national level for them to keep kind of these major institutions in check as far as, uh, I mean down the local level, they need to just make sure that in these areas, uh, there's not too many of the homes being bought.

Speaker 1: 10:25

Because it's true, if, if, like, let's say in theory, this theoretical theory, that the local seattle area had, like blackstone, come in and bought half of the homes in the greater seattle area, like, I think it'd be very hard to do and it'd take a very, very long time, but let's say that happened, yes, if they indeed actually control half of the, the investments, the real estate market in the greater Seattle area, they would have a lot bigger say on rental prices. You know, without proper legislation in place to kind of curb what they could dictate in the market. Now, this is a theoretical like that. The problem is we need to find statistics showing, like in different parts of the United States, that this is actually truly going on, because that number is a little incomplete.

Speaker 1: 11:14

The eight thousand homes in Kansas City I'm I'm really wanting to know from a standpoint of how many of those houses make up all of Kansas City. How many houses are there? Is it actually, is it a drop in the bucket or is it actually a significant chunk? You know, 10% or more of the total houses that are in Kansas.

Speaker 2: 11:36

City.

Speaker 1: 11:36

You know that would be like look into more of it, you know.

Speaker 2: 11:39

Even the data that I set is nationwide, so it's incomplete because it's not local to somebody's market, which local conditions push pricing and availability much more than national conditions when it comes to a housing market. And it's incomplete data to say that five companies own 8,000 Kansas City homes because we want to know. I mean, that's probably my intuition says that that's a real big number. It's a huge proportion of the properties that are not now available in the market and probably really tough to compete with as a buyer. If these people, if these companies, are still gobbling up properties from a seller, you get cash right away or you get financing contingencies and inspections and appraisals and stuff like that with a residential buyer.

Speaker 1: 12:23

Yeah, absolutely. And then you know some of the articles I was reading um institutional, um investors. They're not just going into the sector of buying these houses, they're actually going into different sectors as far as um trying to get into home improvements and home service sectors. So some of these are actually like buying. You know, like, for instance, if someone owns a inspection business or someone owns a house cleaning business, some of them are going in and purchasing. When the homeowner or when the business owner retires, they're purchasing and kind of is the word annexing or they are um, they're bringing into the fold that whole business into a larger, um nationwide like chain, you know. So now I mean there's regulation on everything and wall street's been on everything and there's so many different service industries like even real estate isn't um. You know we have big tech companies like zillow and um. You know redfin and other brokerages whether they're a brokerage or not, they've been getting into the real estate game for what little? Over a better part of a decade now.

Speaker 2: 13:44

Yeah, via iBuy. There was a hilarious story that Zillow jumped out of the iBuy game because it had a really tough time valuing the properties that they purchased.

Speaker 1: 13:53

I saw that, yeah, because they were going. They were basing it on. I believe Zillow was basing it. If I read the articles right, they were basing it solely on their algorithm?

Speaker 2: 14:04

on what? On those estimates?

Speaker 1: 14:05

what the houses were. Yeah, so they were during the pandemic wasn't great no, it wasn't great, and you know what it ended up. Um zillow ended up having to lay off a ton of people. Um, I even knew people that got laid off during that round because they had to just basically cancel their whole iBuyer program and shelve it yeah.

Speaker 1: 14:29

Now in certain. Zillow is a brokerage in certain areas and I know they're kind of pivoting from the model in a lot of different areas. Right now Zillow is going off on a tangent on Zillow here, but they're what they traditionally did when they first started out was they basically took our MLS data and we're reselling it, basically like giving it to you as the buyer for free but at a cost, because they were reselling it back in the form of charging a lot of money for basically your data, like you as a lead. Um, when you go to zillow and say, hey, I'm looking at houses or, hey, I want to see x house or whatever, they'd sell that as a lead and it's gotten really, really expensive um to uh agents all across the country. That was the traditional model and then a couple of years ago I think a year or two ago they started introducing this it's called like Zillow Flex or something where they are now also in larger areas, parts of the country, areas, parts of the country. They are trying to transition fully into a flex model where, instead of charging the leads up front, they're actually um, they're just asking for a uh, a referral fee on the back end once it closes.

Speaker 1: 15:52

So like if you as a buyer, for instance, go purchase a property from, uh, like, you go on zilla right right now you're searching for homes. You click, hey, I want to see this property, I want an agent to show it to me. Zillow has an agreement with that agent. In this model where they will give Zillow 40% of what that agent was going to earn from the transaction, whether it was coming from you as the buyer or the seller, and let's not, you know, chicken or egg, I mean really you as the buyer, ultimately paying for that, whether it was out of pocket upfront or rolled, you know, subsidized, into your loan by purchasing the property you know, um, I mean the seller is arguably saying, hey, this is how much I'm offering, you know, but really you're paying for that as the buyer. So you're paying your buyer's agent ultimately, whatever that was. So you as the buyer actually paid Zillow 40% of whatever that commission was essentially and that agent directly had to pay that to through these programs. It's actually the largest referral fee percentage that I've seen out of any other companies that do this, so it's really really high. I mean 40% is a lot to ask for to kind of gatekeep someone into a house.

Speaker 1: 17:24

But I know there are some companies out there that are actually trying to figure out how to get like, if the buyer has to pay their agent anyways and there's a referral fee type service, has to pay their agent anyways and there's a referral fee type service, what they're. There's some companies out there or tech companies that are trying to make it where they share that with the buyer. So if the agent has a referral fee set up like, let's say, it's 25% or 30%, they'll actually split that with the buyer in that company. So I mean, that's kind of cool because it's like like in it's, that would be more like transparent, like the buyer would know what's going on.

Speaker 1: 18:04

Then in that situation, you know um, this hasn't, by the way, what I'm announcing like that's I I don't know of a company that's fully invested that model. I'm hearing this in the back end and I'm talking to some people I can't divulge what company and who, or anything like that but these are things that we're going to probably see entering the market in the next couple of years from other tech companies that are either trying to just get their hands into the real estate market or maybe some companies out there that are truly actually trying to make the experience better for buyers. I buyers, I mean for profit, you know right, let's not get twisted. Everyone's doing this to make some money, um, but you know, truly care about home buyers, you know?

Speaker 1: 18:51

um not saying that Zillow doesn't, but um, I am you are yeah, um, well, if anyone comes after our podcast Zillow Gods, it was Brian, not me, that's it. But yeah, so I mean just to kind of educate our listeners and viewers on how that whole system works when they sign up on Zillow. Now, the interesting thing I think I just went on a whole. This could have been a whole different podcast, but um, what's interesting is going on with these other companies now, like Zillow, that have this model. Um, it's not going to be too much of an issue here but, like I mean now with the new announcements of um, they built that model. So, like now, zillow, that whole model and other companies like Redfin, they're built on the model of getting either that referral fee or that business that closing. So in these other parts of the country that it's going to be more of an issue with more sellers not electing to offer a buyer's compensation, like we talked about in a couple of podcasts. Back on what's going on with the NAR lawsuits talked about in a couple of podcasts back on what's going on with the NAR lawsuits that's going to be a more issue with these companies that have built their whole business model off of selling, either selling buyer leads at a really crazy high price or a referral on closing on transactions, if it's going to be that much harder for agents to help buyers get through the home buying process. You know, um, we're the I mean you're the product and we're the products for Zillow. We're both parts of the product for Zillow. Zillow, like your product for Zillow, is looking at the houses. But that the interesting thing is, a lot of people go to Zillow because it's the easiest. You know, I mean it's great, like the. The text there like looks amazing. You know, it's probably like one of the best looking end user platforms to look for houses.

Speaker 1: 20:48

But the data itself, all that accuracy, is coming from the MLS, you know, and every local agent in your market should have access to that. You know, um, so not to make this a cut Zillow out of it, but like you could just as easily go to an agent that you know, like and trust and get that data. And half of these agents, include myself, have our own, our own apps that you can use to get that information and it'll be instantaneous. There'll be no, there'll be, um, there'll be no delays or anything like that. You know the information is 100% accurate or as accurate as the listing agent put the information into the listing to begin with, which is no less accurate than what Zillow would have, since it's aggregated to Zillow. Um, that was kind of a tangent on the second half of everything that we've been chatting about, but that was just kind of another example of just like tech companies or institutions getting into the real estate market as a whole.

Speaker 1: 21:51

Bringing it back to this, though, as far as this being a huge issue, sure, like I said, there are certain parts of the country where, in more local markets, this is more prevalent Not as much here in Seattle as far as institutions themselves buying this up. I will point out one thing, though Congress right now like you mentioned, brian is working on trying to pass legislation to make it where these companies have to accurately report what their inventory is and cause. As it stands right now, there's no laws stating that they have to actually report that accurately. You know, so they could, like they could, in theory, just report the same inventory for the for a 10 year period, as it stands right now, without any legal recourse to that. You know. So we don't know. You know, but like I don't, that the headline is not correct. 44% of the total houses in the United States last year were not purchased by big institutions.

Speaker 2: 22:57

Yeah.

Speaker 1: 22:59

There's so much. There's so many more problems in our housing market, in our U S economy. Uh, that this one, this one instance. Sure it might help a little if we figure out a way to regulate it better with institutions, but uh, there's so many more other issues involved as far as affordable housing. So we hear everyone's frustration on houses are so high. You know, like you you'll, it's. It's very hard. I talk to people every day that would love to get pre-approved and they can get pre-approved, just not on a price point that's realistic to this area. You know that that we're living in and there's. But the interesting thing, brian, we, we pre-approved people all the time that could easily take that amount and easily buy something somewhere else.

Speaker 1: 23:51

The further they go out, you know, um yeah so I think, I think that time is the biggest factor that cripples someone from the home buying. You know, waiting another 10 years is what makes it harder and harder. Sure, I don't think inflation doesn't help. You know, people making a living wage hasn't kept up with home prices. So there's so many other aspects at this to hit it from all different angles. Um, this one is kind of just a drop in the bucket, you know yeah, um, this is not.

Speaker 2: 24:29

This is not a monster to be scared of no, I would.

Speaker 1: 24:33

I would say in theory, solving some of the other issues going on in the housing market would actually move the needle a lot more and a lot quicker than you know. You even see, some people on social media are just like let's just do a huge reset, Everyone just nuke all their home prices and reset and start. You know, and that's not the answer.

Speaker 2: 24:57

You know, no, exactly start, you know, and that's not the answer you know?

Speaker 1: 25:00

Yeah, no, exactly. So, brian, you have anything to mention on any of that? I just want to like a 10 minute Zillow rant.

Speaker 2: 25:08

So you sure did. No, I want to say, in a future podcast we're going to be talking about, for Washington state residents, a brand new program that could allow for a 20% down payment, assistance loan and closing costs. So, for example-.

Speaker 1: 25:22

Wait 20%.

Speaker 2: 25:25

So we're not going to talk about this today.

Speaker 1: 25:26

I almost lost my breath. 20%.

Speaker 2: 25:32

It should allow for, for example, a $500,000 home. The down payment assistance loan will be at 0% interest with no payments for 20 percent of that. So it's one hundred thousand dollars. And they also will allow for the closing costs to be included in the down payment assistance. So another say, three percent in closing costs. For standard buyer closing costs would be fifteen thousand. So a buyer would be able to purchase a home of five hundred thousand dollar home with zero percent interest second mortgage that is paid off when they either sell the house or pay it off after 30 years, or they can also refinance out of it.

Speaker 2: 26:06

Eventually. It's the same thing as all other down payment assistance loans that allow for 3%, 4% or 5% of the purchase or the loan amount in down payment assistance. This is a 20% down payment assistance and it is meant to help those who are excluded from housing pre Fair Housing Act of 1968. So if you or your parents or your grandparents were discriminated against and unable to enter the housing market or had hurdles to entering the housing market pre Fair Housing Act, this is a way to kind of try to make up for that generational wealth gap that was created because they weren't able to purchase at that time. So I'm not going to go over too many details right now. Just know that it is something that is on the horizon and should be coming live to the market in July.

Speaker 1: 26:51

And some.

Speaker 2: 26:52

So some people qualify with this, based on figuring out if they there's other qualification, there's other qualification categories as well, but that's the big one.

Speaker 1: 27:03

That's great to know. Hey, brian, without getting too much into it though, would the interest rates be similar to basically what already is through, like I know, the DPA program Washington State has, or the most popular one for three and a half down right now? So the Housing?

Speaker 2: 27:18

Finance Commission has a few down payment assistance programs available. The most popular are the home advantage and that's got a little bit higher than market rates. Um, and then we also have the house key program, which has a lower than market rate. House key program is capped at 80% area median income as a qualification standard. This is going to fall right in the middle of those two apparently, so it should be quite right around market rates. And you got to be at 100% of the area median income, which is like 140 something thousand in King and Snohomish, like 119 in Thurston County.

Speaker 1: 27:50

A lot of people fit into that category if they can meet the criteria that you just mentioned at the beginning. So yeah, it's going to be.

Speaker 2: 27:57

I think it's going to be a super, super, super useful program for people who feel like they've been kept out of the housing market in the past because of parents or grandparents, or maybe themselves, depending on their age are also people who really have a tough time saving up for that down payment, and getting 20% down would be huge for them.

Speaker 1: 28:15

Great Brian, would you say. If anyone's listening now that lives in Washington State and they feel like this might be a program that they could qualify for or want to look into it more, even before July, should they be reaching out to us now? So then we can.

Speaker 2: 28:31

I'd be reaching out yeah, I'd be reaching out right away if I were somebody watching this, thinking about homeownership, and then we get together and see what the qualifications look like yeah, all right, guys, anywhere in the in washington state, so this doesn't have to be even in my service area, like on the western washington.

Speaker 1: 28:49

If you're in spokane moses lake, whatever, um, reach out to us and, like brian said, this is going live in July, but this could be a huge deal. Like I haven't heard news like this in a long time. A 20% down payment assistance program where it's a 0% interest rate on it, just like most of the other. I mean that's nuts.

Speaker 2: 29:16

Yeah, this is crazy Brian.

Speaker 1: 29:22

This is like MCU, like an Avengers-level news on the home loan.

Speaker 2: 29:28

Yeah, this could be a game changer.

Speaker 1: 29:31

This isn't your one-off you know Ant-Man or something, this is MCU-level. You know Avengers-level thing? So great, okay, guys. Well, you heard it from Brian. So again Aramar here. A local Avengers level thing. So great, okay, guys. Well, you heard it from Brian. So again Aramara here. A local realtor in the greater Seattle area.

Speaker 1: 29:45

I work with homebuyers and sellers in King Pierce and Snohomish counties. Brian, amazing lender, works all over the state. So if, again, if, you're looking to buy a home in Washington State now or in the future, it's never not the right time to look into homeownership. So if you have not looked into it before, please reach out to us so we can go over all of your options and get you on a time frame and give you a, give you a game plan to go after it. You know you'll never achieve it If you never look into it. If it's something that's just a pipe dream and you never actually get into it and take actionable steps into homeownership, it will never become a reality for you. But if you take the step to look into it now, even when you think you're not ready, you can actually get some guidance to get there a lot quicker than most people. And that's usually the biggest comments that I get from first time homebuyers that I've worked with through. You know I've been doing this for over a decade. The biggest regret they always get is man Aaron, I wish we had reached out to you five years ago so we wouldn't be in this situation where I'm buying the condo now and we could have gotten the condo back then and gotten into something bigger now. You know, or whatever it is, let's shorten up that timeline and help come up with actionable steps to get you into homeownership as quick, as quick as you want this. So if this is real for you, that this is a dream that you want, you want to plant your roots here in the greater Seattle area or just let your money work for you and park it into letting your house build equity for you and tap into that generational wealth. Feel free to reach out to Brian and I. All of our contact information can be found in the description.

Speaker 1: 31:39

Anywhere you're watching this YouTube, linkedin, facebook, tiktok X, twitter and then, of course, on the podcast. So any of you listening on the podcast, again, I will link the PDFs that Brandon and I went over. Feel free to go watch it on YouTube. This was kind of the end of my spiel. I was waiting to run out the clock To make this a full 30 minute podcast that Brandon and I went over. Feel free to go watch it on YouTube. This was kind of the end of my spiel. I was waiting to run out the clock to make this a full 30 minute podcast, not 29 minutes and 30 seconds.

Speaker 1: 32:07

And then you guys have a great you know, summer coming up. It's my birthday on the 5th. Right after the 4th, brandon haven't even chatted, so we might actually take two weeks off on this thing and get right back at you guys with that next podcast coming in July for the big announcement of more details on this home loan. So again, reach out to us so we can talk about this amazing opportunity. I'm famous assistance program. Other than that, brian, it's great chatting with you.

Speaker 1: 32:34

Chat with every time you come visited and you guys have a great rest of your Friday, all right.

Speaker 2: 32:41

Yes.

Speaker 1: 32:42

Take care guys.

Speaker 2: 32:53

Good job, man, I'll see you bud.