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what does Black Rock CEO say about retirement what does Jim Kramer say about rates what is the latest and greatest from Altos research on real estate and we'll talk about Dude Perfect getting a nine fig deal yes not seven not eight a nine figure deal but first folks I want to give you a little bit of a warning want to give you a heads up that there's a video coming out on my Channel at 9:00 a.m.
um Millennial mic was nice enough to record it all I have to say is do not do not do not watch that video with your kids and certainly uh put in earphones if you choose to watch it uh all I can say is I was triggered by something that Tom Bilu put out and um I got hot and bothered and now that had some time to think about it roughly 24 hours I wanted to give you some color on that video so Tom Bilu impact Theory you know worth at at least 400 million his wife built Spanx he's wildly wild suc successful impact theories got 4 million Subs so what the heck could he have said that set me off well as you will see in the clip Tom admits to creating Doom porn Tom admits he is creating Doom porn because that's what you blank watch and I was very disappointed I think somebody who is a self-made multiple winner shouldn't be impacted shouldn't chase the algorithm and I was really disappointed and again I just I believe there is so much goodness we could do and Tom specifically at impact theory if he would find and celebrate folks who made it Tom's story his wife's story is amazing we should celebrate and bring those victories into the light folks like Tom who clearly clearly don't need the money should not be creating Doom porn so again please do not watch that video with your kids every other word was a swear word I got really hot and bothered but I want to let you know why that set me off so again that video comes out at 9:00 a.m.
don't watch it with kids and please don't play it loudly in a crowded area because I was upset all right let's get into it what is Blackstone doing well Blackstone is putting money to work we talked about Blackstone I think it was 6 months ago or so where they went from owning no single family homes to buying a company and having roughly 30,000 I believe now they are buying an uh a Reit it is called let me get it a air communities they are buying 76 Apartments 76 rental apartments Jonathan gray who have I've long said is on the Mount Rushmore of Real Estate Investors he says he sees signs of recovery uh I want to say something about Black Stone and Jonathan gray seeing signs in recovery and then what do little folks like you and I think let's always remember Blackstone can be early Blackstone can be early also Blackstone has a lot of capital they have to put the work so they would probably get in early and then finally let's be clear Blackstone is going to get the first sniff or the first opportunity at any really big good deals but I do think it is a sign I do think Blackstone putting billions of dollars this one happens to be a 10 billion yes folks 10 billion dollar to work buying air communities at a 25% premium it is a sign that we are certainly close to the bottom in commercial real estate we are starting to see more and more office and more and more multifamily start to transact and as we've talked about for the last year don't focus on price we have to look at transactions why are transactions important because in a space where there is a lack of transactions you really don't have price Discovery you have a couple of transactions going which may have because of 1031 or other things but as transactions head back to normal we will have price Discovery and I think Blackstone kind of you know shooting the starter signal is a sign that we are heading towards price Discovery I think that is a good thing let's talk about what Jim Kramer right Jim Kramer the uh I don't it's fun to watch Jim Kramer because sometimes it's the anti- Jim Kramer trade that works I will admit to reading uh Jim's story gosh 20 years ago sleeping in his car all of that Jim Kramer's first book was I thought was pretty good but he is out there saying don't hold your breath for rate Cuts uh be then he goes on to say be glad we're not raising rates I agree uh the economy doesn't need rate Cuts earning season will be interesting I think Jim does bring up an interesting point you and I have been seeing economic numbers jobs inflation all of that but we are heading into earning seasons in fact on Friday we will start to get Banks AKA Financial earnings it will be interesting to watch earnings starting next week when you get out of the financials because maybe maybe maybe earnings will be okay the earnings recession could be over and always remember it is my belief that a Hing recession is possible so while we may see earnings declines in say highend retail are we seeing a return to manufacturing are we seeing a return to something else so again I do think Jim brings up an interesting point will the earnings that will really start in Earnest on Friday for the next several weeks show us that um the economy is doing okay so again I think it is worth looking at uh let's talk about Altos research folks Altos research again if you're not following them on Twitter uh do yourself a favor it gives us weekly data all the time it does look like new listings and active inventory declined this is of course being blamed on Easter as you all know I'm sure Easter rotates it's not always on the same day every year so this week was impacted by Easter well last year's compare was not so it may just be a uh one week blip uh so we will look at to that but nonetheless active inventory went down slightly although it's still up 25% year onye new listings was interesting down 8.5% I agree with altto research and frankly Logan at housing wire a a drop of 8 and a half% in listings probably is because of Easter right you're not going to hold an open house on Easter you know all of those things so I think they're right I do think it's interesting uh it is interesting to point out that new listings were actually down one and a half% year onye again likely because Easter changes uh every year so very interesting a median home price still up year on-ear at 5.7% shout out Lance Lambert man Lance Lambert his data the data that he has and he shares is outstanding uh I just pulled one of his tweets and this is important if you follow one rental at a time you're doing real estate you have a buy box you have a city you have a location I just grabbed one of Lance's tweets about Atlantic City to show how it important it is to look at your buy box and again remember if you want to look for Price declines what do you need in my opinion active inventory above 2019 so think Austin Texas Atlantic City New Jersey in March of 2019 it had 2483 active listings in March of 2024 you had 850 inventory is down active inventory in Atlantic City in four years five years is down 70% let's just say if inventory is down 70% it is hard to have crash I know I know I know the doomers keep talking about it it's comical at this point but hey there's actually a quote that I put together about our friends the doomers and I wanted to share it with you let me know what you think of this quote because I've tweaked a quote that I saw online to match what you and I deal with or at least I deal with daily Doomer get to be right occasionally doomers get to be right occasionally optimists get to be rich what do you think how's that hit let me know what you think and again by Rich I mean financially emotionally spiritually being an optimist in this world is just a better and happier way to live can you imagine creating Doom content creating a following of doomers and just all that negativity oh I'd have to go see a shrink it would be horrible so yes doomers get to be right occasionally Optimus get to be rich and happy let me know what you think in the comments below let's talk about Black Rock boy black Rock's Larry Fink CEO of um Black Rock stepped into it the other day he's basically saying retirement at the age of 65 is unlikely it's a myth it is not going to work that goes on to follow into a BBC article I read about 75 being the new 65 yes folks if you are thinking about retiring at 65 according to Larry Fink and BBC you should just change now and look to retire at 75 I want to go back to several videos that Dion Matt Anna coach all these folks have had with you in the last couple of weeks you need to retire early and to all the folks out there that keep leaving comments you don't get it I need to work blah blah blah I don't you you're not you're not hearing me when you set up and you put in a decade of discipline living below your means investing buying assets to cash flow and earning Financial Freedom you can do whatever you want at that point including work but trust me someday you're you're going to run into a situation where you don't want to sell your hours one hour at a time when you earn Financial Freedom you get this great opportunity to chase impact you can chase impact and yes Dion has released something called Fine Financial Independence no excuses that is the right answer it is hard for me to watch and read the folks that have already given up if you say you can't you're right you can't on this channel we bring you people who have done it on this channel we have people that watch that believe they can do it folks it's a decade the first five years suck lots of mistakes but I want you to believe it's possible and it is worth it let's go on and talk about dude perfect I don't know if you watch Dude Perfect uh or not they have 60 million Subs 17 billion views uh apparently they are the 35th most popular YouTube channel what did they just do they just secured a N9 figure investment the investment is somewhere between 100 million and $300 million they are going to launch a retail stores streaming line of toys and games maybe even a $100 million theme park folks if you don't know what dude perfect is go watch it they cut their teeth on YouTube doing basketball trick shots again find your passion find your people find that energy you can create something I shared with you the other day I'm recording this on my phone you do not need fancy gear it's a freaking wired microphone how old am I but yes focus discipline showing up every day we've made2 200 $200,000 on YouTube you can do it too it takes time you have to learn you have to find your voice you have to do all of that but it's right there for you if you're a baby boomer if you're Gen X if you're a late Millennial you have life experience you have a hobby and passion that is just waiting for you you do not need to chase Doom like Tom Bilu who set me off to open this video you could celebrate people doing good things you could put goodness out in the world if you don't need the money you can do good things you can chase impact just think about that and then of course one of the things that we do on this channel is we celebrate the audience I want to congratulate ranfre rrey congratulations for getting getting your next deal folks if you don't know what these are I actually have three different cards that I want to share with the community one we have the golden ticket those are for folks that get their first deal you can only ever get one then we have these black cards which you can get as many as you want you can get 10 20 30 50 I don't care I will keep mailing them every time you get a deal and then finally we have just released these purple tickets because some of you just need to write an offer some of you are scared to write an offer if that is you write your disrespectful offer get it off your chest realize nothing bad happens and then keep moving forward so these are what the purple cards are for I'm here for you do the work buy the course how to get started one rental at a time and lastly I'm a little surprised we released for the month of April the 50,000 sub t-shirt the 50,000 sub highlighting that you are part of the first 50,000 and we've sold zero zero that was the shirt I should have had available at the event and I didn't shame on me but yes I thought a lot of folks would want to celebrate being part of the 50,000 if that is you it's available in all sizes all colors you can go to my website one rinal time.com see what size works for you we only have one t-shirt available a month it creates some scarcity and some uniqueness so have fun with that all right folks take care of yourself congratulations have a wonderful day later
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