Florida Housing CRASH vs SpaceX IPO Mania — June 2026 Market Update🚀

Added: 2026-05-30

[00:00:03]Boom, we're live. Florida housing crash versus the SpaceX IPO mania. This is your June 2026 market update and you may be asking yourself what does the Florida housing market update real-time June data and it's not even June, so how could I possibly know what those numbers are? I do and I'll share with you like I always do. So, if you're new to the channel, welcome aboard. If you're a returning viewer, I appreciate your participation in our journey. I remain committed to sharing the truth so that you can make the best decisions for yourself, for your family, and for your financial bottom line. Now, everybody knows or at least anybody who's watched me for a while knows I was a stock broker for 20 years. That was a long, long, long time ago, right? So, I do not claim to be a financial advisor or a registered investment advisor or a wealth advisor. I'm none of those things at all. I don't currently hold any type of Series 7, 63, 65, life, health, variable annuity, or any other licenses.

[00:01:16]I don't pretend to be an analyst. I don't pretend to be a doctor or a lawyer or a surgeon or an auto mechanic or a choo-choo train driver. I'm none of those things, right? What's your take on who the next governor should be? Please give us some insight. Excellent point.

[00:01:34]Thank you for living my best life 365 147.

[00:01:38]What seven people watching? Nobody likes the party. All right. Um Before I do that, I think it's very important that we address the current governor, Ron DeSantis, right? And maybe you hate him. I don't know. I don't really care. It's irrelevant to me.

[00:01:56]Um the market does not care about what your opinion is or my opinion is really about anything. The market is always right.

[00:02:06]Period. And the market is undefeated.

[00:02:10]Now, the screen that I'm sharing is intentional because oh, you get to see what my email addresses are. If you want to connect with me, you absolutely can.

[00:02:21]They're all in the description. All of my contact information is in the description down below. And if you want to jump on my calendar or see any of the resources in which you can answer any question you might have real estate related or um, anything to do with real estate uh, as far as property taxes, uh, homestead exemptions, uh, this, that, the other, throwing in a partridge in a pear tree.

[00:02:47]If you want more information and to be able to discover to discover it for yourself, then click the meet me link.

[00:02:55]Now, it's to my link tree, which will take you to an abundant wealth of links which I've created myself to either valuable resources that you must know if you're thinking about buying or selling or really doing anything in the state of Florida as it relates to real estate, but also anywhere else in the country as it relates to buying and selling.

[00:03:15]Obviously, the local resources will be different, but just know that I know a real estate professional wherever you are that I know, like, and trust that can absolutely serve and support you the right way in order to create leverage for you the right way, be able to negotiate a discount or leverage for you to negotiate price and terms if you're selling. Whatever you need, I will connect you to. And if I don't have them, I will not do that, right? I'm not going to hand you off to some clown that doesn't know how to walk, talk, and chew gum. That would be against my fiduciary responsibility that I talked about earlier, which to be clear, a fiduciary is a legal term, right? It has depth and weight to its meaning.

[00:03:59]That responsibility that I feel is not a legal term as it relates to the real estate industry. There is no fiduciary responsibility um or fiduciary that exists as far as being a real estate agent or a mortgage professional, which I'm both.

[00:04:18]Um it doesn't exist, right? Doesn't mean I don't operate from that place of integrity, I do, um but it doesn't exist. So, govern yourself accordingly and find someone that you know, like, and trust that feels the same weight of responsibility or you're likely to not >> [clears throat] >> get what you want and not be served and supported the right way. Okay, that takes me to uh the question, which was who's going to be our next governor? I don't have any input in that in in that. No idea. Have no clue. Do I have an opinion?

[00:04:53]Absolutely. Um but I'll be completely honest. I shared, if you're friends on me with the on Facebook or Instagram, you already saw this and you saw that I deleted it and you saw the controversy that I got.

[00:05:07]I got a lot of pushback from a lot of people who were not happy with me or at least my opinion um because I made the mistake of sharing something without having done my own due diligence.

[00:05:21]Instead, I relied on a short-form clip clip that I saw of somebody who's running for governor who appeared to me to be the underdog. I always root for the underdog. I am the underdog. Um and if you don't believe me, well, that's fine, but I am. And so, I always am going to root for the underdog unless they happen to be an anti-Semitic uh hateful person.

[00:05:49]Um which again, I don't know whether they are or are not, but the market told me, right? So, my opinion means nothing, the market's opinion means everything. When the market told me that Chris, you got this one wrong because you didn't do your own research and homework. Um and I jumped on the phone to be totally transparent and I don't know why I'm going so deep on this.

[00:06:13]When the market told me that I was wrong, uh at first, I did not care because the people who were commenting I did not know. And most of the people that I'm friends with on Instagram and Facebook, I don't actually know. A lot of them I do, but not all, right? So, if a stranger makes a comment just like they do all the time on YouTube, and I don't read your comments, so go nuts, I don't care, you're not going to hurt my feelings. Also, I've got a privacy set or a protection filter around it, so all the really bad ones I never see at all.

[00:06:44]I learned that lesson a long time ago.

[00:06:46]And I've been doing this for damn near 15 years on YouTube. I am not exactly new to YouTube. Um although I wish I had better results. Anyway, um those of you love those who love me, I love you. It's all good. And if you hate me, I don't care. I still love you anyway. But, my point was when strangers commented and dissent with a different opinion, I didn't care.

[00:07:12]When people that I know, like, and trust um lit left comments, and actually they don't they didn't leave comments, they DM'd me directly. I called them up, I asked what was up, and they told me what their opinion was. And I trust them. So, I instantly deleted my stupid post. Um which goes to show that I'm not married to anything, um any opinion. I am not so closed-minded that I'm not subject to change my opinion when I get new information, right? And I encourage everybody to be like that because I don't know everything there is to know about everything. I don't pretend to.

[00:07:49]So, if I have a very strong belief about something and then I find out I was wrong, there's a better way, there's more logic somewhere else, then I'm going to change my opinion instantly.

[00:08:00]But, what I will not change my opinion on is what we're talking about right now. So, Florida Governor Ron DeSantis unveils his plan to virtually eliminate property taxes.

[00:08:12]And that sounds amazing, right?

[00:08:15]Maybe.

[00:08:16]Um now, I'm using realtor.com because I'm a real estate professional and everybody knows that realtor.com is the best source of information that you could ever get any place. So, we're not going to go wrong with realtor.com, right?

[00:08:29]Okay.

[00:08:30]Uh Ron DeSantis has unveiled his plan to radically reform the state's property tax system, potentially eliminating top taxes on most owner-occupied homes.

[00:08:42]Okay.

[00:08:43]To be clear, there are, I believe, six bills that are currently in the process of being going back and forth between the House and Senate.

[00:08:53]>> [clears throat] >> There's not one clean bill. There's not one ultimate um uh fully incorporated with all the six things that should be in one. There is no comprehensive one. There's six different ones, individual. The odds of that happening, getting the right reform the right way the first not even the first time, but in a manner in which to be able to be voted on by the public, which must eventually happen, the odds of that happening with six bills currently being reviewed, the odds of that are zero, in my opinion. Could be wrong, don't know.

[00:09:32]Um I guess we'll find out, right? But most of this breaking news is not exactly breaking news if you're paying attention and I am absolutely paying attention.

[00:09:44]So, I'm not going to really go into a deep dive on this other than to say DeSantis proposed raising the state's homestead exemption, which is currently set at $50,000 for owner-occupied houses to a $250,000 limit and he estimated that this would eliminate property taxes for 60% of Florida homeowners.

[00:10:09]That is phenomenal if you happen to fall into that 60% of Florida homeowners, right? What is the unintended consequence of that happening? Well, I'm glad you didn't ask. I will tell you.

[00:10:25]It is going to parabolically, um, exponentially increase the values, the market price of properties, of single-family homes in Florida, in South, well, I don't want to speak, well, it will happen all over Florida, but in my hyper-local market of Boca Raton, Delray Beach, Boynton Beach, West Palm Beach, Palm Beach, Wellington, um, Coral Springs, Parkland, Fort Lauderdale, basically all of Southeast, to be clear, Southeast Florida, every one of those communities, the values of the homes are going to skyrocket and if you thought that the last bubble frenzy, the, uh, 2% mortgage frenzy that existed right after the quarantine, if you thought that was a big deal, you ain't seen nothing yet because my suspicion is that we're going to see a mass explosion of values similar to what we have currently in California.

[00:11:34]And if you've been watching for a while, you know how I feel about California. I don't need to give a dissertation about how I feel about California, but it's very obvious to anybody paying attention to wealth migration, the incoming inbound wealth that is landing in Florida, well, the market has made it very clear that high net worth individuals from New York, mon ami, thank you.

[00:12:01]Commander, commander, dictator, lieutenant, whatever you are, governor, or mayor, or whatever you are, I don't know.

[00:12:10]But what he just proposed in New York is that it's totally fair for him to decide whose property he can confiscate, take, and redistribute to somebody else, more deserving.

[00:12:31]That sounds a whole lot like communism where I come from. So, thank you, mon ami Stalin, Joseph Stalin mon ami. Thank you so much, and we appreciate your business, and you get to be Florida real estate professional of the year, and I'm happy to pay you a very large referral fee every time anybody moves from there to here. Same thing with California. Don't get me started on on what's his face. I was about to say I was about to say DeSantis. That is not right. DeSantis is phenomenal if if if you think he is, and if you don't, I don't care.

[00:13:13]>> [clears throat] >> But I'm talking about Gavin Newsom, who everybody knows grew up in the hood and was and and grew up in the hood. I'll leave it there. Okay, nobody wants to hear about that. They want to hear about what's actually happening right now in the Florida housing market, but you might think because it's in the thumbnail, it's in the title, what would this SpaceX IPO have anything to do with the Florida housing market? How is that relevant?

[00:13:42]Thank you for asking or not asking. I am going to get into that right now. Um, and tell you exactly why it's very important. Share this Havenstead. Yes.

[00:13:53]All right, let me make sure it is sharing correctly. I am hoping that the audio is working because I'm not using the same audio um I left something at home, unfortunately, but hopefully the audio is good.

[00:14:05]And now we're going to talk about SpaceX, right? They are completely dissemel dissimilar asset classes, right? A stock is not a house, period. And even if you're a real estate investor, uh investing in a property is not the same as buying a publicly traded stock or SpaceX in particular, a rocket ship company, which is not just a rocket ship company but by any means. And if you think it is, please go do some more research um cuz it's not. Um but if you think that they're just not the same asset classes, right? So how are they similar? How are they different? Why on God's green earth am I possibly talking about an IPO for SpaceX when I should be talking about the local real estate hyper-local market that exists right now in real time. And I'm going to do that, I promise, so please bear with me because it's all going to make sense very shortly, right?

[00:15:07]If you are friends with me on Instagram or you're friends or following me or whatever it is, I don't know. Um but if you aren't, you can do it now. It's in the description and I'd love for you to do that.

[00:15:18]And if you don't do it, I don't care either. Um but if you do and you are and you were and you was be, well, then you notice that um I participated in a uh conference, a mastermind, um recently, about a week ago.

[00:15:37]And maybe it was two weeks Honestly, it could have been two weeks ago. I've lost all concept of time. Um, but while I was there, it was very intentionally um invitation only. The people who were there were designed to be there on purpose. And what we had was a room of 200 professionals or influencers or masters of their craft uh craft.

[00:16:06]I can enunciate.

[00:16:08]Um but there were a lot of players in this room by design in all types of different industries. So, no, it was not just real estate. It was also financial services.

[00:16:22]It was also uh commercial real estate.

[00:16:24]It was also uh wealth management. It was also tax advisors. It was also um politically collect connected people.

[00:16:35]Cairo Miss Chiropractic was there. Um what's the name of her? She's got a show. Um something about crack. I don't know. Um don't do crack. Crack is wack. Crack my back. I don't know. Um I really don't know. But she was awesome. Um media personalities, this that and the other. There were a lot of people that are important, just ask them, um that were there.

[00:17:00]Many of them were there to hear exactly how I generated my real estate pipeline, meaning of business, of potential people just like you who found me on YouTube or Instagram or Facebook or someplace else.

[00:17:16]But they got to know me, like me, trusted me because of my content and my commitment to being a fiduciary respons- having a fiduciary responsibility.

[00:17:25]What's up, Chadwick?

[00:17:26]Um to share the truth so that you can make the best decisions for yourself, for your family, and for your financial bottom line.

[00:17:32]Everybody knows that, right? Um but I didn't know everybody in the room. I got to know everybody in the room. I got to emotionally connect with everybody in the room. And then, because I knew what I was doing and I knew everybody who was invited, I then made sure they made at least three friends um in related industries or industries or spaces in which everybody can connect, collaborate, and monetize.

[00:18:06]It sounds better than the past. That's phenomenal, Liz. I'm actually just using the um I'm not using anything, actually.

[00:18:13]Um that's great. It's probably because my podcast studio is way better than it used to be. So, we're all leveling up.

[00:18:19]Woohoo! Great. Let's talk about IPO.

[00:18:23]Let's talk about stock. Why? Because one of the people at the mastermind that I connected with um happens to be a wealth advisor.

[00:18:33]When I hear as a former stockbroker of 20 years and very connected within the financial financial services space, I know everything there is to know ab- about IPOs, about the process. I know the good ones, I know the bad ones. I know fraud when I see it, and I also know a um a massive epic exponential unicorn home run when I see it, right?

[00:19:04]Um but if I can't ask questions and understand everything there is to know the right way, well then I'm not going to share it with anybody else, right?

[00:19:17]So, it's got to pass the sniff test, and look at the size of my nose. I will be able to sniff out any single piece of [ __ ] from 10 miles away because I got a Roman nose. It's Roman all over my face. Honk, honk.

[00:19:32]Dust off your space suit, we're going to the moon, and we're going to Mars. No, we're going on SpaceX.

[00:19:41]Elon Musk.

[00:19:42]He's going to have all kinds of robots, this, that, and the other thing, but let's not get carried away here. Um let's get What's up, Chad's Talk real estate news?

[00:19:50]Shout out to all 13 of you who are watching, and please comment, share, like, do whatever you must, but get this content out to somebody who can um benefit from it cuz I'm about to get to the benefit stage right now. Okay.

[00:20:04]I think I set the set and setting and what happened.

[00:20:07]Wealth advisor, um one of my 30-year-old friend No, I said that wrong. He's not 30. He's definitely not 30.

[00:20:16]A former um colleague of mine in the stockbroker space, um who I haven't talked to or haven't connected with in at least 15 years, I invited [snorts] him to this mastermind, and that was very intentional because now he's not a a gunslinging, a churning and burning, whip them up on margin um type of stockbroker because that business model is obsolete. It doesn't really I hope to God it doesn't exist anymore. Um it's been regulated out of existence.

[00:20:52]So, that model does not work, and I don't believe it exists anymore, but I could be wrong. And actually I was proven wrong. I'll continue on.

[00:21:02]Um anyway, I I reconnect with him, and while he's there, I get to learn more about his wealth advisory firm. Are they legit?

[00:21:12]Are they real? Are they who I think they are? And so far, everything passes the sniff test. And no, I'm not going to name him by name, and no, I'm not going to talk about the wealth advisory firm at all.

[00:21:25]So, I'm not going to put anybody on blast or blow anybody up the right way.

[00:21:29]I'm not going to do anything.

[00:21:31]If you want to learn more, connect with me because I'm happy to share more privately. Um but nobody's getting put on blast or anything remotely close to that. What I will say is his office is right next to Goldman Sachs. Love or hate Goldman Sachs, they are the behemoth in the um in the in investment space, right? Best of breed.

[00:21:53]Um this firm is not a Goldman Sachs, right?

[00:21:58]So, Goldman Sachs and JP Morgan and or uh Morgan Chase, whatever the hell it is, um the big boys, the big institutions, the big money, the big players, the big influencers, they're going to get an allocation of this IPO stock. And if you are not the right avatar, meaning if you are not a high net worth individual and or whatever institution, if you are not elite as it relates to in the investment investment space, if you are not well-known and um high net worth and the 1%, the odds of you actually getting IPO stock in SpaceX are zero, right? Period. I do not qualify and will not get anything remotely close to IPO stock for SpaceX ever. Ever.

[00:22:55]I don't qualify. And if I did, they would be stupid to give it to me, to allocate it to me, to take my indication of interest. They would be very dumb because although I would love it, and trust me, nobody wants more if they were dumb enough to let me be able to participate in this IPO, I would take >> [clears throat] >> I would put down an indication of interest for as much as they were dumb enough to allow me to have. So, if they said, "Chris, you can have a million shares of this again, I don't know where it's going to I don't know where it's going to be priced, period. There are lots of different projections. I don't know. I don't claim to know. I also don't know when it's going public. Nope, I I know it's on the calendar, but it's coming soon, right? That's a real estate term. Your listing is coming soon. Well, this IPO is definitely coming soon.

[00:23:51]When? Don't know. It's on the calendar.

[00:23:53]I believe, ballpark figure, within the next few weeks. I believe next 2 weeks.

[00:23:59]So, this is time sensitive if you want to be involved, but you're not going to get involved because you can't. I just told you that. Up until I learned that you might be able to. So, how is that possible? What are you talking about?

[00:24:12]Chris, you must be absolutely You must have mis- connected with Miss Chiropractic, and she must have given you some of her crack-a-patrick because or chiropractic.

[00:24:23]Whatever it is, she must have given me some because there's no way that's possible, right? I don't know. We're going to find out. Let me talk more. Or listen, please. Please listen carefully.

[00:24:34]Um All right.

[00:24:36]I'm going to use a hilarious saying right now. This is going to be totally disgusting, so just brace for Brace for impact, right? I do I don't have inside information. Nobody does. If they did, they would go to jail, period, right? So, nobody has inside information. But, I knew a guy who knew a guy who used to be one of those uh Wolf of Wall Street types, and what he used to say to clients is um I heard it from I I didn't hear it from the horse's mouth, right? I didn't hear the thing um from the horse's mouth, but the horse told me to look in his poo-poo.

[00:25:16]>> [snorts] >> And so, I went over and checked out his poo-poo because horses poop a lot, right? Horse manure is a thing, but I went over and checked out his poo-poo, and in there there was a golden nugget which said, "Buy IPO stock for SpaceX.

[00:25:32]It's going to the moon." Um and I that >> [sighs and gasps] >> that's the type of crazy things that people used to say back in the day when it was never legal to say anything remotely close to that, but the regulatory environment was such that a lot of people said a lot of things that they shouldn't have. And while they're kind of funny now, they definitely um were not um suitable to be said, period. So, I'm just sharing the story. I'm not trying to imply anything, right? So, I'm not making price projections. I'm not making any guarantees. I'm not saying anything remotely close to that. And if I did, well, I'm not licensed anyway, but this is not a solicitation for anything. It's me just sharing what's actually happening right now and how it relates to housing, right? So, I'm at this mastermind. I'm at this conference. I meet my friend who's a wealth advisor.

[00:26:31]They Everybody passes the sniff test. I meet I meet I meet 200 influencers that I want to connect, collaborate, and monetize with, and we all think the same way. So, it's all good. Everybody want winning, winning, winning, winning, winning, winning, winning, winning all day long.

[00:26:48]Winning. Tiger blood. Winning. Or whatever Charlie Sheen used to say.

[00:26:52]Also, fan of the show, also a client of this chiropractor.

[00:26:59]Oh, that's the name of the show, crack addicts.

[00:27:03]No way Charlie Sheen goes there.

[00:27:07]Anyway, he's he's reformed, he's in recovery, and he's walking God's path.

[00:27:12]God bless him. God bless America. God bless you, and God bless this opportunity because when God gives you a golden opportunity, then you must take it. So, getting back to the million shares that I'm never going to get. If they allowed me to put down, because you can't in the process works like this. If I am a accredited investor and high net worth and wealthy enough to potentially have a shot of actually getting some of this IPO stock, I must be a premier private client of their wealth advisory, period.

[00:27:49]Um I must be the right avatar, right? So, if I was, which I'm not, if I was and they allowed me to put down an indication of interest, which is step one, um for a million shares. So, if it opens at 50, that's a $50 million investment, which I must wire to their wiring house, their clearing house, their whatever, their bank. I have to do that immediately to fund the account in order to receive the IPO stock, which I'm never going to get, right? But if they were dumb enough to do that, um and somebody made a mistake somewhere and they allowed it to happen, let me be very clear. I don't have $50 million, not anything remotely close to it.

[00:28:36]>> [laughter] >> It's hilarious to even think about it.

[00:28:39]But if I could, I would because I know exactly how valuable this opportunity is. And while you might not think, "Well, I know for certain I can't do that." I can guarantee you, if I had $50 million worth of IPO to I keep saying Tesla. It's not Tesla. It's SpaceX. If I had $50 million worth that I could not pay for instantly right now, it would take me not [clears throat] very long to get the funding to be able to put together $50 million worth of syndication of investment investor money to buy that stock, period. And we would never sell it, ever, ever, ever, ever, ever, ever because Well, what does this report say? I don't care what it says. It doesn't matter what it says cuz it's wrong. This will be, in my opinion, this is not my financial um uh analytic opinion of This is just my a personal opinion. The This is not investment advice, to be clear. Not a solicitation. Not telling you what to do. Do whatever you want, whatever's right for you, and only do that. But again, if I had the opportunity to get $50 million worth of SpaceX IPO, I would do it right now. Right now. Call me up.

[00:30:01]Put me down. Put me Hello, Bob. Bob, yes. Put me down for $50 million worth.

[00:30:07]There's no limit to what I would say yes to. Put me down for a billion dollars of SpaceX IPO right now.

[00:30:15]Do I have the money? No. Do I have even remotely close to a billion dollars? No.

[00:30:20]Would I find it? Would I beg, borrow, and steal for it within the next 24 hours to fund that account? You bet your sweet bippy I would. And I I would not I would work this phone and be in every I'd be at so many people's doorstep. I would get a billion dollars worth of investor [clears throat] money instantly as or as fast as I could, right? Because this is going to be the first multi-trillion-dollar unicorn that ever existed. There it Let's talk about real estate, right?

[00:30:52]There is no comp.

[00:30:54]There is no comp.

[00:30:56]If you're a real estate professional and and you want to list and sell a home, well then what you want is a comp, a comparable property that is similar to the property that you want to sell. Cuz you want to know what a bank will lend uh as it relates to value for your property. And if you got a cash buyer, well then it doesn't matter um because if DeSantis does what I think he's going to do, well then it it's going to be the wild, wild west again. People are going to be outbidding each other left and right, waving contingencies left and right. They're going to be selling their kid into um slavery or whatever it is that they must do to get the house. And of course, I'm kidding. I'm kidding. Nobody's actually going to do that. But it felt like it during the frenzy when you were getting 20 offers an hour um when there were it was such a disaster. It was so hard.

[00:31:51]Everybody thought it was easy to do business then because it was, but also it was extremely challenging and technical because there was so much competition. So if you didn't know how to make your mortgage buyer appear to be a cash buyer, if you didn't know how to do that, you had no shot whatsoever of ever getting your contract accepted.

[00:32:16]That's what it was then. It's going to be much worse in the future. In my opinion, if DeSantis gets what he wants and we eliminate property taxes in Florida.

[00:32:26]But it's not for everybody. It's only 250,000, which may sound a lot if you never had 250,000 before. But if you're operating from a place of $50,000 in homestead exemptions and now it's 250. That is a big deal for 60% of Florida. The other 40% it really isn't it's helpful, but it's not all that helpful. Which is not to minimize it. It's just there's a big difference between the 1% and the not 1%, right? So people in Bobby Jones Island really could give a frog's fat ass about this other than well, that's not totally true. But they don't care.

[00:33:06]The market doesn't care and it depends on what market you are, right? Hyper local markets are going to trade differently than every other market, period. And now I've gone off on a completely different tangent that I did not mean to. So, back to SpaceX and SpaceX is headed for a $1.75 trillion IPO. History says the stock could be down 32% a year from now.

[00:33:33]I hope and pray that that is an under representation of how far it goes down because if cuz again, I'm not getting any IPO stock, but if I did and I took on the risk of the of the billion dollars worth of IPO stock that I'm never going to get, but if I did that and the stock was down 32%, my investors would be mad at me, right?

[00:33:59]No.

[00:34:00]Because nobody is this is not a one-year hold ever. It's a forever hold. It's your kids inherited hold. It's your kids kids kids kids kids kids kids inherit the wealthy unicorn that you were smart enough to take advantage of 100 years ago, right? Nobody's selling.

[00:34:22]We're only buying.

[00:34:24]And anybody who doesn't operate from that space is a [ __ ] in my opinion. But there's going to be plenty of morons because there are plenty of morons out there. There will be traders that do what they do. There will be institutions that are in and out so fast you can't even see it. The lightning speed in which these institutions trade, I can't compete with, you can't compete with, nobody can compete with. But there's going to be volatility in the way the stock trades, just like with Tesla. And I forget exactly what the number is, but if you owned a thousand shares of the IPO stock, I think it's worth like six million if you'll held it today. That's a thousand shares. I didn't say a thousand shares of SpaceX. I want a billion dollars worth. So, if I hold that for seven years, is it fair to assume that that will be worth a trillion dollars or more? Yes. Yes. But I don't have a billion dollars and I'm not going to have a trillion dollars. So, all of this is a pipe dream, but it's fun to play the let's hit the lottery game. So, if you're going to list your house or if you want to sell your house and you want to overprice it, do me a favor, don't go small, only go big and play the let What would it be like to hit the lottery game? If you got a million-dollar home and you want to overprice it at two, don't stop there. Go straight to 10 million because it's so much fun to play the we hit the lottery game. It's at least have fun with it because your results are going to be exactly the same.

[00:35:58]It will not sell, period. So, don't do that unless you do, in which case do it the way I said and overprice it so much that you have so much fun being able to pretend that you're going to hit the lottery like I'm doing right now with SpaceX. But as per Rich Dupuy, Dupre, [ __ ] uh of May 20th and that's not a slander.

[00:36:20]I'm sure Rich Dupre is a wonderful person. Um I'm just trying to be funny.

[00:36:26]But as for him, uh as part as as far as the quick read is concerned, SpaceX is target is targeting a 1.7 trillion 1.

[00:36:35]I'm going so fast. I think I need a break. Time to slow down and relax with some Monster Energy. And if you're going to drink Monster Energy, know they are not an affiliate and know they don't sponsor me. They probably should. It's only 5 calories. But go with the Lando Norris flavor. It is delicious, in my opinion. But again, this is not a solicitation and I'm not trying to get you to buy anything. I'm just telling you what I like and enjoy. The Lando Norris one is good. I thought that Lando Norris meant Lando Calrissian from Star Wars and Chuck Norris of karate fame.

[00:37:11]Turns out, none of that's right. I thought it was really clever marketing, but I'm just really old. Probably half of you don't have a clue what I'm talking about. But if you do, you probably thought it You probably thought the same thing. Um As I'm doing all this, I'm looking out at the Jupiter Inlet and I'm looking at all the wealth that surrounds me.

[00:37:32]Um the people across The people that live in the homes on Jupiter Island, they might get allocation of SpaceX IPO.

[00:37:43]But I can tell you, me and West Boynton Beach, I'm not getting any.

[00:37:47]Neither is anybody else that lives in West Boynton Beach, is my suspicion.

[00:37:51]Okay, so I've said I've said all that, right? Um never doing the quick read thing.

[00:37:56]1.75 trillion-dollar valuation on June 12th IPO.

[00:38:02]That's the first time I've heard an actual date. Right? Because when I talked to my wealth advisor friend and he let me know, and this is where it gets to good and juicy. So if you think you might be the right avatar and you think you might know somebody who might be the right avatar that might be because you might be able to put down an indication of interest. Actually, if you go to Robinhood right now or you go to your Charles Schwab account right now, >> [clears throat] >> I guarantee you and I haven't looked. I don't know. I guarantee you that the SpaceX IPO is on their IPO calendar. I guarantee it. Go check. Prove me wrong. I don't know. Let me check the comments and see if anybody can do that.

[00:38:50]Um The problem with this The problem with this IPO is most of the people who buy it on the open market on the first month will be the suckers.

[00:39:05]Okay. [clears throat] Thank you for sharing your opinion. I couldn't disagree more, but whatever. Um everybody has an opinion and everybody has an [ __ ] and they all stink. Um that's so that's >> [clears throat] >> So, you interpret that however you want.

[00:39:19]Um I disagree. So, if getting back to me in this role-play fantasy scenario that does not exist and then I'll tell you about the real-world scenario that does exist, but if I was I was gifted the billion dollars worth of IPO stock on SpaceX and the next trick So, and again, I'm making all this up. This is not real. I don't know anything.

[00:39:45]But, let's pretend the stock opens at No, it's IPO valuation is I'm making this up, 100 just to make it easy, right?

[00:39:55]Let's pretend that So, it's price The IPO is priced, which is not the first trade, the IPO is priced at this valuation and the price of that valuation equates to a dollar amount to whoever invested in the IPO of $100, right? Again, made up, not true. I don't know what I don't know what the evaluation or what the price is going to be and [snorts] neither does Rich Duprey. Um, it's targeting a a trillion dollar valuation.

[00:40:26]Doesn't mean [ __ ] right? What they the target is [ __ ] It's just a way of it's a fancy way of saying I don't know, right? I'm targeting. I don't know. I'm guessing. Call it what it is, right? Um, but let's pretend it open or so it no, not open.

[00:40:44]It's priced the IPO price is 100.

[00:40:47]The first trade is 200, which could very easily happen on a company that has got this much over subscription.

[00:40:58]Meaning people who are applying and taking down indications of interest for this particular SpaceX IPO, um, it is oversubscribed.

[00:41:10]Meaning they got more people than they have shares and they can do the math on that. They might have a 4x over subscription. Well, if that's true and it's probably much more than that, but if that's true, it is totally possible that this stock could double on the first trade. I'm talking the first instantaneous trade when the stock is opened on the open market and the open market, the free market, the trading market, real time market decides it's not worth 100. It's worth 200.

[00:41:46]But the sec So, that's the first trade.

[00:41:49]The second trade, the market changes its mind completely and now they don't agree that it's worth 200 anymore. They say it's worth a dollar.

[00:41:59]$1.

[00:42:01]100 to 200 to a dollar and if you've ever played in the biotech space, um, well, then you know it is totally possible that your $10 stock could be halted. It could reopen at 50 and then very quickly, within minutes if not hours, if not days, if not weeks, if not months, or some other binary event, it could easily be halted again and open at zero or one or less than one or some other number. But it could go from big number to no small number instantly.

[00:42:42]>> [clears throat] >> Right? That is possible.

[00:42:45]It's very unlikely that that happens on SpaceX, but if it did and I was able to um whether I own the stock or not, if SpaceX got cut in half or went down in any material way, I would be all over that open market opportunity all day long because I firmly believe which again, opinion, not price projection, I firmly believe this is a multi They're They're targeting 1.75, so it's almost a multi-trillion-dollar company to start.

[00:43:17]It will be many multiples more of trillions this company is worth in the future.

[00:43:23]Period. So, I would buy it, set it and forget it and never even think about it ever. I would just maybe occasionally get an account statement or some notification from some idiot wealth advisor who tells me, "Chris, your net worth just went up 30%, 50%, 100%, 1,000%." I don't know, but that will go on forever and it will and then I'll die and then my kids will inherit it and then it and then they'll die and I will structure this accordingly so that legally and um within my estate planning wealth what management whatever, ain't nobody selling the stock ever because I've created it that way, right?

[00:44:06]You can't sell. What was the the line in um I think it was Goodfellas, "No, you can't leave. You can't leave, right?"

[00:44:14]You can't sell. Why? Cuz it's stupid.

[00:44:18]You do you You make money when you buy real estate. It's not when you sell, even though everybody thinks it is. It's buying it at the right price. Pricing and timing are the key to any investment. In real estate, in stocks, in anything, it's where you make your money. Pricing and timing is always critical to any investment decision you ever make.

[00:44:43]With the exception of buying your own personal residence, then all of that [ __ ] is out the window.

[00:44:52]It's only when it's right for you, your family, your financial bottom line, your lifestyle, your circumstance, because you don't live in a stock. You do live in a house. You don't raise your kids in a SpaceX stock IPO. You do raise your kids in a house. You don't get to max out enjoy the utility of a stock.

[00:45:15]SpaceX, Microsoft, whatever the [ __ ] doesn't matter. You don't get to enjoy the utility of living in it or the tax advantages of living in it. You don't.

[00:45:27]Doesn't exist. Not real.

[00:45:30]Um it's not true, right? But you do in your personal residence, right? And everybody wants to have their own version of home. So, whatever's right for you, whether it's a house, condo, villa, or apartment, or whatever, doesn't matter. It's all good, but everybody wants their own place to call home, right? So, the calculus that goes behind making a decision for your personal residence is not the calculus that we use to make an investment decision on a stock, on a bond, on a any an investment property, on anything other than your personal residence.

[00:46:13]Totally different calculus, right? And if you aren't working with the right tax advisory firm that knows how to give you strategic advantages doing all the things that you want to do in the investment space, well, then you're [ __ ] right? Also, same thing, if you're not if you're not working with a real estate or mortgage professional, which I'm both.

[00:46:40]Hi, my name is Chris. I'd love to help.

[00:46:42]If you don't work with and I'm not the only one out there, so if you don't use me, use somebody like me. And don't use me cuz I'm not going to use you.

[00:46:52]Instead, let's connect, collaborate, monetize, right? And I'll be your real estate and mortgage professional for life. And I'll add I'll add you into my estate for my IPO stock that I'm not going to get and we'll all be billionaires and we'll all be unicorns and we'll all wish you a Merry Christmas. And I wish I was the guy driving that boat who's flying down the Intracoastal, maxing out South Florida living the fullest.

[00:47:15]But I'm not. I'm here with you.

[00:47:18]So, I think Okay, so that's enough of that, whatever it was I was talking about. Let me check the comments real quick cuz I just went off.

[00:47:25]Um all right, we got six people still watching. Thank you. I appreciate it.

[00:47:29]Also, I'm going to timestamp this afterwards, so if you're watching in real time, you don't get it get the benefit of timestamps where you can go to whatever section you want to. Um but after this is done and it uploads and it processes and it does all the rendering or whatever it is, then I go back, I timestamp it so it's easier for you to watch what you want to watch and probably miss half of my [ __ ] rant.

[00:47:55]Great. And it's not [ __ ] it's only if it's right for you. Okay, so I talked about all the fantasy stuff.

[00:48:02]Now let's talk about um the reality stuff, right? The reality is everything I thought about getting access to IPO stock for SpaceX was wrong.

[00:48:18]Period. Because what I came to learn is that my friend who is a wealth advisor, which the wealth advisory is right here in Palm Beach. It's right across the Intracoastal from Palm Beach Island.

[00:48:31]It's right next to where we had the Sovereign Pride Mastermind, right next to the Lake Pavilion, right next to Goldman Sachs, is one actually it's the home office for this wealth advisory firm. And wealth real wealth advisory firms are cut into and getting some of the allocation of this deal. So it's not going to be at E*TRADE, although E*TRADE or Charles Schwab or Robinhood or whatever other firm, um they will absolutely pretend that they're going to get some.

[00:49:11]And they may go as far as allowing you to fund an indication of interest for this particular deal. And I guess there's a snowball shot in hell that maybe you could. So there's got to be a legal technicality in here. Um there is a chance they might get some, but in my opinion it's 0.000 a million more zeros one percent. And because of that point zero and a million zeros one percent, well now it's legal and compliant and it's possible, so they can take your money. And if they can do that and you do it, no harm, no foul.

[00:49:53]However, now they have your money. And of course, you can get it back on demand, right? No question, cuz the your funds are never going to the brokerage, they're going to a wirehouse or a neutral separate independent institution bank, which holds it. A holding company, not holding, but a It's not them, right?

[00:50:16]So, the brokerage never actually holds your money. The third-party independent whatever thing does, right? Um so, your money is safe and secure up to certain thresholds, right? Um if it's sitting in cash, only I want to be clear, only if it's sitting in cash.

[00:50:34]If it's not sitting in cash, there is no insurance on anything. But, there are limits to the protection that cash has in a bank account. And if you don't know what they are, then then reach out to me uh privately, and I'll bring you up to speed. Or, save us both time and just go to ChatGPT, it will tell you. Um and I won't get back into the time that the prime fund that could never break a buck did during the great financial crisis, but the safest best place to park cash with a more competitive return than actually sitting in cash, but was was sold to the public as safe, well, that fund broke a buck, and when the [ __ ] hit the fan during the 2008 crisis, when Bear Stearns failed, um and Lehman Brothers went out of business, which could never happen in a bazillion years, all of it happened in real time, all of it happened on my watch, all of it happened when I was an active stockbroker. So, I got to trade through that, right? I experienced it first hand. Um and when that all happened, everybody thought it was not possible for this fund to break a buck up until it did, right? So, when the black swan financial thing happens, everybody's [ __ ] period. But up until it happens, it did not happen. And you can expect massive valuations and and inflationary pressures.

[00:51:58]Um they're not pressure. I guess inflation is not pressure.

[00:52:01]Um it's the opposite.

[00:52:03]But you can expect that the affordability crisis will only continue to worsen up until there's a financial black swan event that eliminate that makes it not an affordability crisis crisis makes it a fire sale for everybody and everybody's [ __ ] Unless you're liquid and have money and have dry powder and have cash, right? Then cash is king and then real estate professionals that know what they're doing are going to make a fortune because the market is always good for someone. Whom it's best for will always change, but it's always either good for one of three different types of buyers or sellers, right? Or buyers or sellers, right? Or investors. So, it's either a buyer's market, a seller's market, or an investor market.

[00:52:54]Period. There are no other options.

[00:52:56]Unless Mondami Stalin Mondami starts to take properties the government starts to take properties and redistribute the wealth to whomever they see fit. At that point, well, it doesn't matter. I hope you got guns and butter because you're going to need both. Mainly guns and bullets, not butter. Um but guns and butter is an economic term that they used to teach economics. And if you don't know what I'm talking about, you probably have been lost the entire time I'm talking.

[00:53:25]Okay.

[00:53:27]Where are we?

[00:53:28]Back to my friend. Back to the opportunity. Back to what I didn't think was possible, which has turned out to be possible, which is they are getting an allocation. Meaning the wealth advisory firm as a whole will get a piece of the deal.

[00:53:46]How many shares? I don't know. I don't believe they know yet.

[00:53:51]Okay, I know they're getting something.

[00:53:53]Great.

[00:53:54]From there, they get to decide who gets a piece of their allocation, right? So, if they get 100,000 shares, which I don't think they're getting, but if they did, and and actually, I don't even know why I'm saying that. I don't know the wealth advisory space at all. I don't I'm claiming to, and now I'm taking back that claim. I don't know. Maybe they will. Don't know.

[00:54:23]I'm not a wealth advisor. And people who lead with I'm a wealth advisor are probably broke, right? Um just like real estate professionals who lead with I've been doing this 25 years.

[00:54:35]They're probably broke. Um cuz you know, because real players don't lead with that. That's not their value proposition. In fact, they never talk about it. The biggest financial flex that there is is to never talk about your financial status, right? It's nobody's business. People who are real high net worth people value privacy. The last person that's going to toot their own horn about how wealthy they are is that person. They don't want anybody to know. They don't want to be a target, and I don't blame them. Also, it's not me. And when it is, you'll never know because I'm not going to tell anybody, right?

[00:55:16]So, where was I going with that? Okay, so the wealth advisory firm is getting an allocation, and then from there, they decide who gets what, right? So, if they got 100,000 shares, they may break that up and piece that up, break off a piece of that sugar pie to whomever they choose to, however they choose to. So, because I'm very curious and I and I want to learn more, and to be clear, when I spoke to my friend, he was not telling me anything like he was not soliciting me to do anything at all.

[00:55:56]Um he was just sharing with me how excited he was by the potential opportunity. And he didn't have to say he could have said less. I would have fully understood how it's and I did fully understand how exciting that opportunity is. Because if you watched any of the videos so far, you can tell how excited I would be to be able to get the opportunity if I was able to, but I didn't believe I was, right?

[00:56:25]Also, if my friend actually gave me an allocation or cut me off a piece of the SpaceX IPO, he would be the dumbest person on the planet. I don't even know if I would accept it, to be honest with you. Well, and I'm dead serious. And it's not because I don't desperately want it. It's because it would be completely irresponsible of him to give it to somebody like me. Because I don't have the ability to do much for him or his business, right? Do not give it to me or anybody like me. Only give it to a certain avatar, a certain connected wealthy influencer, somebody like that, a player, a real player. I'm just a part-time I'm a what is it? I'm a second team, third team, fourth team player.

[00:57:18]Um I'm certainly not first team all-star or all-world. I'm it's not me. Yet. I'm on my way, doing big things, getting stuff done. I'll I'll come back to you in 5 years and tell you how I did, but you'll already I it cuz I share it with you in real time anyway, but I'm not there yet, right?

[00:57:34]Give it to somebody who can materially help your business that you can materially help their business. And if it's a win-win for both our parties, well then connect, collaborate, monetize, right? Don't ever give it to me, only give it to them, period.

[00:57:52]Um And so but he already knows that. I don't have to tell him that. And I would never even ask or think about that. So if he if he did say you can have some, I would tell him, "No, thank you. Give it to somebody better. I'm not good enough, period. You would be stupid to give it to me."

[00:58:06]Fine.

[00:58:08]Um all right. So from there, I asked him who and why would he give an allocation No, well first, who is your ideal client?

[00:58:21]Who is Describe to me in great detail exactly who you would want to get this gift from God IPO stock that is a trillion-dollar, multi-trillion-dollar unicorn that there is no comp for ever because there is only one Elon Musk, and every single thing that Elon Musk has done so far, which most people don't understand, going all the way back to the PayPal Mafia days, going going back to when him and his brother were bankrupt or about to be bankrupt for like since the He Elon's have been so close to bankruptcy so many times, it's laughable. Um but he's always survived and then he's built up Then he's blown up massively um and disrupted the entire world with his technologies, right? Um but before he had any success, him and his brother were selling a service that was unique to the market their local market, and they got rejected everywhere by every from everyone that there was no investor money. There was no private capital. Nobody gave a [ __ ] about Elon and his brother up until they did. And then it was game on, right? I only share that history because every single thing his first original concept and it's probably not his first. The only one I know about, which was pre-PayPal and I think it was during that right before that time, was X, right? He wanted to create a online bank similar to PayPal but not called PayPal, called X, right? So X was his one of his first ideas that he did not capitalize on until 30 years later or however many years later, right? And then you saw what he did with Twitter, which was not and it still hasn't been achieved, what he intends to do with it, but Twitter and X are if you don't know that they're not what you think they are. Instead, he saved the world and saved the United States by ensuring we have freedom of speech. That's why he bought it, but then he got to realize, "Wait a second, I can now do the thing I always wanted to do and turn that into a bank or digital platform in which everybody can do anything they want financially, secure and free, and talk, and be capitalistic, be he can create his own plat- platform for free market capitalism and communication forever. So what the government does or does not do does not matter to Elon because he's bigger than them.

[01:01:13]Period.

[01:01:14]Um and no, I know that's not exactly true, but it is. And if you don't believe me, well then go do some research and you'll find out that everything I'm saying is true.

[01:01:22]Okay.

[01:01:24]Um ha six people still watching. I really need to pick my nose, but I'm not going to do it on camera.

[01:01:29]Um all right, so my friend the IPO, who he wants to give it to and why, right? So, I ask a bunch of questions, right? And I come to learn exactly who he wants to do business with, who he wants to provide that people that well, his existing clients, obviously. Um his preferred clients, obviously, come first. Period. But once that's been satisfied, then from there, what he wants to do and what they, the entire wealth advisory firm, wants to do is they want to start a relationship with the right people. Period. So, uh what I decided I would do, and again, I'm not licensed and I can't sell you anything, so I'm not going to or pretend to. But if you think you might qualify, which you probably don't and neither do I, but if you think you might and or maybe you know somebody else who might, well then, click the meet me link, get on my Calendly and make an appointment or call me, text me, DM me or send a smoke signal or drive your boat up the inlet, park at the dock right over there, walk your ass up the to the building, go up the elevator to the fourth floor, walk to the podcast studio, say hello to me. I'M WAITING FOR YOU RIGHT NOW and I will ensure that I do as much due diligence for you or us together. We will go together right down the street, right well, it's not exactly down the street.

[01:03:09]We will drive 15 minutes away to downtown West Palm and we will walk our happy asses into the office that remains nameless right next to Goldman Sachs, and we will open it we Not we, you will ask every question you ever wanted to.

[01:03:24]They will answer it to your satisfaction, and if they don't, don't do anything. But if they do, and they will, then you open up an account, you fund it, and you get what you get, and you don't get upset. But what I still don't know is the allocation, right? I would say far more likely than less likely, you're going to get broken off a piece of the sweet potato Elon pie, period, right?

[01:03:52]And so, why would I do that? Why am I taking time out of my own day, my own business, my own well-being? Why am I willing to do Why am I wasting the only resource that means anything to me, which is my time? Why would I do that?

[01:04:09]I'm glad you asked. Nobody did. And I've been going for an hour, still have not talked about the real stuff that we need to Right? Why am I willing to commit an hour to that? For you, for them, for us?

[01:04:21]Because I know that my superpower is not what I thought it was, and I only learned that today, or maybe yesterday.

[01:04:31]What I realized, and actually, no, it was a week ago, at the Sovereign Pride Mastermind, where I got to meet the 200 people that I didn't think I was good at networking with, and I was right. I'm not good at networking, I'm phenomenal at it. What I didn't know then, but I definitely know now, that my superpower is not YouTube, it's not cold calling, it's not being a real estate professional at the highest level, it is not being a mortgage top of the sales funnel sales director of marketing. It is not um being that for Let's Talk Mortgages in East Del Ray Beach. Shout out to John Digs, shout out to Chris Jensen, shout out to Carlos Mendejo, not Pendejo, which is how he told me to remember how to say his name the the right way cuz I'm a gringo and I mess it up every time, but he said that not me so I have permission to say it to you, right? Um that's not my superpower, although I'm really good at it. So, if you get a loan estimate and you want a second opinion and you don't like being overcharged and you think you might be and you are almost certainly, the average savings that we have been able to give our clients who are working with other loan officers so far is $18,000 back to our buyers, not to the lender or the lender what is it? Not to the um mortgage loan originator, not to the broker, not to whomever for the big bank or the big institution or the big mortgage company. No, they don't get their big fat gigantic rip of 5% or 4% or 3%. They don't get that delta of an extra 3%, which goes right in their pocket or right up their nose or right up their ass, I don't know. Depends on your Depends on your loan officer. But, most of the ones that I that I'm saying that about, it fits perfectly, which is not everybody. So, just know there are lots of amazing mortgage professionals out there and not everybody's like that, just the ones that I'm thinking of right now, right? But, my point is, before you talk to a lender, anyone, talk to at least three or four. Ask them questions.

[01:06:41]Ask them how much it cost to have your credit pulled before they pull it. Then, when you get your loan estimate So, once you've talked to a few people or you've talked to a few people at different um lending spots, mortgage companies or mortgage brokers or direct lenders or whatever, once you've talked to at least three, which means to say, don't only use the preferred lender of your real estate professional because chances are they're in bed with your mortgage with their mortgage professional in some kind of way, whether actually or financially or marketing budget or whatever.

[01:07:21]Um there is there's almost I don't want to say can't say anything with certainty, but it's more than likely that there is some kind of other relationship that exists that is not in your best interest, right? And I'm not saying that's true everyone. I'm saying it's my experience.

[01:07:38]So, don't go don't necessarily not go either. Give everybody a fair chance, but don't go only with that one person because what the real estate professional will likely say, and I only know this cuz I did it myself, and not for wrong reasons or bad reasons or self-serving reasons at all. It was because I simply didn't know what I didn't know. I really believed the marketing lie that they told me, which is they have a monopoly on speed. So, my belief was they did. So, I had no problem paying a premium for a service that nobody else can do. If you have a monopoly on something that nobody else has, well then you can charge whatever you want because you have a monopoly on whatever the thing is. In this instance, I'm talking about speed. No mortgage company or mortgage professional has a monopoly on speed. You do not have to pay a premium for speed unless you want to, and then do whatever you want. It's your money. It's not mine. It was never mine. But, what I came to learn in my experience, having been a uh what the forget it.

[01:08:50]I learned that what I thought was true is not true. And so, my best advice to you is talk to more than one person.

[01:08:57]Three is good, four is better, five is overkill. Nobody's got time for that, but at least three, right? And then from there, ask them questions. How much are What is the fixed cost that I'm going to have to pay here? What is your commission? What is it going to cost me?

[01:09:15]What And they're going to give you some [ __ ] story about, "Oh, I could never give you that number because mortgage rates are volatile and they change and they're always changing. And whatever you it is now, it's not going to be in the future. So, I couldn't possibly give you an accurate answer or a ballpark figure as to what it's going to cost you." All of that's [ __ ] But, that might be what they say. If they do, well, now you know they are not the right lender for you. Talk to somebody who answers your questions directly. And if it walks like a duck and talks like a duck, it's a duck. Quack, quack.

[01:09:49]It's a duck.

[01:09:50]Don't deal with ducks. Only deal with people who tell the truth. And you'll be able to pick that up pretty quickly cuz if you get any pushback on any of these questions, and if I haven't been clear enough, reach out to me directly. I will answer any questions you have. But, if they don't lead with honesty and transparency, well, then you're probably getting overcharged all over the place in ways that you will only be able to know at the very end when you get your loan estimate and you're under contract for the home of your your dream home, dream lifestyle, you're exhausted, and the last thing you want to do is go shopping with another lender.

[01:10:30]Everybody, not everybody, a lot of people simply don't have the endurance, the strength, or the fortitude to do so.

[01:10:36]Um But, now that we've talked about it, now you hopefully will. But, I can save you a lot of time. When you get your loan estimate, if you've got questions, email it to me. And what I'll do immediately is share that with my team at Let's Talk Mortgages. And then then we'll go line by line and tell you where you're being overcharged. And because we're not a bunch of dirt bags that want to steal somebody else's business, we're going to do it the right way. We're going to tell you everything that you should then take to your original loan officer and ask them to match. Right?

[01:11:13]The main area that is violated the most, that most people miss completely, is section 1A of the loan estimate, which is origination charges, right?

[01:11:25]And there there's other places, too, but this is the big one. So, if you get your loan estimate and you think something might not be right, actually, even if you think it's 100% right, send it to me anyway. Chris at igohomegroup.com.

[01:11:43]Or, and I only learned this today, and shame on me, [email protected].

[01:11:52]And maybe it's letstalkmortgage.com.

[01:11:55]I never use the email. I got in trouble today cuz I haven't checked my email in 2 months, um, cuz I simply don't check that email. And I almost didn't get the health insurance, which you need, I absolutely need, and my daughters absolutely need, cuz I'm not checking that email. I'm too busy building their pipeline, or our pipeline.

[01:12:16]Um, and because of the content that I do, I've had 11 people from around the country that I don't know email me their loan estimates. Why?

[01:12:28]Because they know me, like me, trust me, and know that I'll tell them the truth.

[01:12:31]And what have we found? That of those 11 that are with different lenders, they're all being overcharged to the tune of about 20 grand each. Well, if you love your mortgage loan originator or the mortgage company that you're working with, and you want to overpay them by 20 grand, by all means do so. But if you prefer [clears throat] to keep your own money that you earned, well then I got good news. That's what the average savings has been so far. And we've only been doing it a couple of months, um if that, right? So, if you want a second look or a second opinion or a third look or a fourth look or a 10th look, whatever it is, I don't care, email it to me or email it to them. Go to right now and it's in my Linktree, but Google Let's Talk Mortgages Delray Beach and they're the only one there.

[01:13:22]So, come to the office, come meet us, uh say hello to Chris, say hello to uh John, say hello to Carlos, sit in the amazing office right next to Atlantic Avenue, right next to the beach, right next to Seagate, have lunch, we'll have a great time, and we'll tell you everything you need to know, the truth, in person, so that you can see that we are real, not some [ __ ] guy who never meets you, ever, ever, ever, ever.

[01:13:49]They're too busy. They're too big.

[01:13:52]They're too They're [ __ ] The So, don't do that.

[01:13:56]Um but if you want that, you know what to do, and we're happy to help at all times. [email protected].

[01:14:02]All of my contact information is down below. Send your loan estimate, give me a call, give them a call prior to anything, but make sure you never start an application with a lender until do not hit the I consent to have my credit pulled button ever without asking how much it cost, because if you don't, you're probably going to find out it's 800 to 1,000 bucks, and the real cost of that is probably less than 200. It's free if you do it online, but a bank needs more information, so it's fair that you get charged something. It's not fair that you get charged 4x what it should, right? So, if they're doing it there, you can guarantee they're doing it everywhere. Everywhere [snorts] that you don't know to look or don't know what to ask, or they they will prey on your naivety naivety naivety, whatever.

[01:14:53]They will prey on your fear, or what you don't know, and they will monetize that against you. Which is the opposite of connect, collaborate, monetize, which is what I do. Okay.

[01:15:05]Long way of getting to um if you think you might qualify and you want to um potentially get involved in the SpaceX IPO, I know exactly who to connect you with, and no guarantees of anything other than they're getting allocation, which means some of that will go to new relationships, and that's all I can guarantee. So, if that's something you want to learn more about, then reach out to me directly. My phone number is not Oh, it's right down there and underneath my name.

[01:15:37]Um and I'll do my best.

[01:15:39]That's it. Sales pitch over. Sit non-sales sales pitch over.

[01:15:44]Oh, dear God. Okay, now we are sharing what you came for, I think.

[01:15:50]Um at this point, I'm completely exhausted and it's 3:00.

[01:15:54]So, we're going to start in Boca Raton.

[01:15:56]We're going to only talk about single-family homes. I don't have the energy for um much more, but I'm going to cover Boca Raton, Delray Beach, Boynton Beach, definitely. I'm not going to talk about current versus previous, because current versus previous is irrelevant. Although, if you look at the numbers, they don't seem to be good. Red is no bueno, means down, and down 36% for pending April versus March is not good.

[01:16:24]Um but nobody cares, because it's old news. It's not actionable. It's not relevant. It's not today.

[01:16:31]And I don't have today, because it's happening. I do have from the 1st of May until the 27th versus April, same time period, right? So, what I have, essentially, since there's only 2 days left in the month, and I can promise you there's not going to be much. There will be activity in the next 2 days, but not enough to really meaningfully, materially change these numbers much at all. So, if you want to know what June numbers are now, now you will. So, Boca Raton, single family homes, 610 versus 632, down 3 and 1/2%. Sold, down almost 12%, 149 versus 169. Um pending, somebody's calling me.

[01:17:15]Can't talk to them. Um I Well, I If you call me and I don't answer, full disclosure and total transparency and warning, if you have an iPhone, do not accept Well, do whatever you want, but I did not accept their iOS update.

[01:17:32]They just forced it on me. I have no idea how. I don't My settings are not for that. In fact, they're the opposite.

[01:17:39]And when they asked me to update, I always and yet happened anyway. And now my phone does not work the right way.

[01:17:45]The ringer doesn't work. In addition, so when you call, I probably I'm not going to pick up cuz it doesn't ring. I got four I can see right now. I got four missed phone calls and I'm not on do not disturb. My phone doesn't work. They're forcing my hand to do the thing I don't want to do, which is buy a new phone.

[01:18:01]That's what Apple does. And when you've got a monopoly on the consumer, you could do whatever you want. And that's what they're doing, right? So, monopoly is no bueno, but Tesla SpaceX doesn't have a monopoly on space travel because Bezos is doing it, too, and other companies are doing it, too.

[01:18:25]They're They don't have a monopoly on it. What they do have is a monopoly on a million other things that nobody does.

[01:18:33]So, Elon is different than Bezos, is different than Bill Gates.

[01:18:37]>> [laughter] [sighs] >> For lots of reasons. Um, shout out to Bill Gates, fan of the show.

[01:18:44]Um, but whatever. I think you get my point.

[01:18:47]That's Boca Raton. Um, that is what's for sale versus sold versus pending. I think you don't care about anything other than the price, what sold. Um, because really when I talk to people, they only really care about what their home value is right now. A fair seller or a homeowner, they want to know what's what's happening with the value of their home. Or they're a buyer and they want to know what they can expect to pay given the market conditions. And again, this is Boca Raton macro, so we have to drill down into micro. I'm not doing that. I'm already talking for over an hour and I can't believe anybody's watching. I can't even believe I'm talking this long endlessly.

[01:19:30]Ah, but I took a deep breath. Um, but what they want to know is the values, right? Active average price right now in May versus April is 3.561 versus 3.630.

[01:19:44]Down 2%.

[01:19:46]The average sold price and I'm not making this up. The market's crashing. Boca Raton in adventure, they say that the market's crashing and it is in some Florida markets, just not Boca Raton, right? Um, the average sold price May versus April is up 32% month over month.

[01:20:09]Up 32%.

[01:20:11]We're talking about You want to This is not with the DeSantis bubble factored in or the tax savings or tax elimination reform, whatever, priced in at all. Real estate values are lagging. The stock market, financial markets are real time. So, if you want to know what uh, the IPO for, um, SpaceX is, you'll see it instantly. And it will price in every variable thing in real time that's happening as it relates to that particular company. The housing market doesn't work that way. It's lagging. So, when the bad black swan event happens in the financial market, 5, 6, 8 years later is when the values are really impacted in real estate, right? Depending on where you're at where you're at and depending on what market you're in, right? And Florida, especially Southeast Florida, is far more insulated than other markets. So, Southwest Florida is not the same as Southeast Florida, period. Completely different markets. But, the average sold price jumped from 1.769 million in Boca to 2.33 million in Boca in 27 days.

[01:21:26]32% is a big uptick. Okay. I think that speaks for itself. What are we looking at in terms of months supply of inventory? Because during the frenzy, there was none. What do we have now?

[01:21:40]3.6 months versus 3.4, up 6%.

[01:21:44]Yay! More inventory, more choices, more leverage. We can negotiate better deals, right? Not if the market is up 35% or whatever the hell the number I just said was. You don't have the same leverage that you thought you did. But, this is a big macro picture of Boca. I promise you I am in fact I'm doing a video that will come and I don't know that I'll do it today. I just did a video. Shout out to Shayna. Shout out to I don't even know what broker, Sotheby's, I think. Um, but she's in Boca Raton where I just told you the average act or the average sold price was 3.2 million. She's got a under $400,000 villa, which is beautiful, right next to Lotus Palm, where the average price is about 2 million. So, you can score a deal on a prop and I can promise you, the listing she has, and it's not her fault at all. Um she knows what she's doing, but the seller wants to to play the market and uh play the um let's let's play the lottery game.

[01:22:48]Um it's overpriced. It's under 400,000, right? I am telling you right now that we can negotiate a better deal than that. And Sheena, I'm not saying this to put her on blast. She knows it. Period.

[01:23:00]So, they're trying to do some sort of incentive, whatever, I don't know. And it's not going to work. The only thing that's going to work is a radical price reduction. And I'm telling you they will accept it. So, if you're interested, it's a two-bedroom villa.

[01:23:14]It's a a two-bedroom. It was either two or three, lakefront view, um impact windows, unbelievable nice villa, but one of the objections, it's classified as a condo. It's not a condo. It's a villa. A villa is similar to a single-family home. What's the difference? It's attached to another villa, right? So, nobody's on top of you.

[01:23:38]This unit has nobody next to them. It's a corner unit, so that's better. That's a premium, not it's a pro, not a con. Um lots of green space, very safe, right next in in um West Boca Raton, um right next to everything you want to be, town center, um the beach, all the best schools. There's no bad school in Boca, they're all great. Um but you can live in Boca Raton if you're a teacher, firefighter, EMS, nurse, whatever, young a young family starting out, first home.

[01:24:09]Not a home, condo. Not really a condo, villa. Very confusing. Um but it's not if you're working with a professional that knows the difference. And anyway, the number I just shared as far as the average sold price, it I shared the opposite story and I'm going to share a video about it here shortly, not today cuz I'm doing a live stream, but I have it, it's done.

[01:24:33]Um, coming soon, stay tuned, subscribe, like, share with a friend, um, but it's coming soon, right?

[01:24:40]And why do I share that? Because if you think that the only thing that you can buy in Boca Raton is $3 million, that's not true. This is macro, it drills into micro. Every market within Boca is different. Every hyper local market, which means every little subdivision that there is or big subdivision that there is or any street, I can go get granular to the street if I need to. You don't normally have to. We're not in that type of market today, um, but my point is you can you can live in Boca for probably closer to 350 than 400, um, period.

[01:25:18]Period. So if that's something that's right for you and you want to live in Boca and max out that Florida and Boca Raton living to the fullest, you can do it for around 350. Ballpark figure, subject to change, terms and conditions are not guaranteed, but I think it's listed at almost 400. It's going to trade closer to 350, in my opinion. And if they don't accept that deal, then they're [ __ ] [ __ ] Okay. Um, and that's not a knock on Shayna. She's not, she will but I can't control what a owner uh uh homeowner might do. And I don't know the homeowner, so I'm not saying that she that they, he, she, them, whomever, I don't know what they are. Um, but the market is always right and the market does not care about their opinion of value whatsoever. That's Boca Raton in a nutshell. Let's go uh to Delray Beach even though Boynton Beach is underneath it. I'm working my way north, right?

[01:26:16]Let's check out Del Ray.

[01:26:19]And I'm only doing Del Ray and then Boynton and I'm wrapping it up cuz this is way longer than I thought it was going to be. And obviously, I can go into any market that you want me to, if you want me to, just ask. And I'm not going to necessarily do it on YouTube, but I will do it for you if you must buy or you must sell. Of course I'll or you want to, not must. You want to. If you're thinking about it, I will provide you with everything you need to know so that you don't make a bad choice.

[01:26:49]Okay. That was Now we're in Del Ray.

[01:26:53]Is this correct?

[01:26:55]Refresh the screen.

[01:26:57]Make sure I'm right. Del Ray single family homes, the roller coaster of inventory. All right.

[01:27:03]Um April to March it was up 12% and now it's down 24%.

[01:27:09]OH, NO! [snorts and screaming] THE supply is dwindling. That must mean it's an extreme seller's market, right?

[01:27:17]No, not really, not at 3.4 months. But it's more of a seller's market than it is a buyer's market or neutral market.

[01:27:24]But 3.4 months is macro. Macro, don't forget, it's macro because in Del Ray Beach, there are lots of I work in lots of communities in which buyers have all [groaning] the leverage.

[01:27:42]All the leverage. And the sellers don't.

[01:27:44]And that's subject to change if you price your home the right way. But anyway, there's 3.4 months versus 4.5.

[01:27:50]Great news if you're a seller, perhaps.

[01:27:54]Let's look and see what happened in real time as it relates to No, not the I don't care about that.

[01:27:58]That's irrelevant.

[01:28:00]Um Oh, once again, average sold price, massive uptick just like Boca Raton.

[01:28:08]So, what do we have? Um let's look at April versus March just because of the delta between the two, right? Down to almost 13% down, but still 1.424 versus 1.63. And then, the next month, right now, up till yesterday, 1.824 versus 1.453.

[01:28:28]A 25 and 1/2% uptick. So, if you take out 12 from 25, you basically have, for lack of a better term, 12 um and change, right? So, up 12% within March through May.

[01:28:46]Okay, so that's uh price average sold versus or average price for sold for sale and sold. Month supply of inventory will be no surprise. 3.4 months versus 4.5, a down tick of almost 25%.

[01:29:03]And if we look backwards, which I said I wouldn't do, I'm going to do it anyway.

[01:29:06]Um, 11.8 uptick, 3.8 months versus 3.4.

[01:29:10]What really happened? March and May are the same.

[01:29:15]Whoop-de-do, nobody cares. All right, that's Delray Beach. And again, this is micro, I mean, this is macro, not micro, so all of this will definitely change when you know where you want to be in Delray Beach and what product type you're looking to buy in Delray Beach.

[01:29:29]And if you want to learn more, you know where to find me. That's Delray Beach.

[01:29:34]And I am actually starting to run out of steam here.

[01:29:37]I got no more iced coffee. This is And shoutout to Zupancic Chiropractic, Mark Zupan, Morgan Zupan, expecting a baby any day now. I've suggested that a wonderful name is Christopher, and they didn't like that. So, I suggested another great first name for a boy would be I go to fur, but they didn't like that one either, so um I have no influence on what they name their baby, which is unfortunate. Um, all right, so I'm lost in the sauce right now.

[01:30:10]Let's process. Wow. All right. So, what we see here in I'm not going in I started on the wrong part. All right.

[01:30:18]What do we got? For sale versus sold, May versus April.

[01:30:23]For sale down 7 and 1/2%, 491 homes.

[01:30:26]Sold 132 versus 142, down 7%. Pending 152 versus 148, up almost 3%. Again, these are small numbers. This is the entire Boynton Beach market, which is not the same as the Canyons market, the West Boynton Canyons market. Canyon Springs, Canyon Trails, Canyon Isles, Canyon Lakes. I almost forgot one, knew I would. Um but it's not the same. It's going to be much more expensive, period.

[01:30:55]It's a different market. But if you want to know what that is, reach out and I will serve and support you at the highest level. Let's go to price.

[01:31:04]Okay.

[01:31:05]Average active 763 versus 793 is down 4%. Average sold 670 versus 633, up 6%.

[01:31:15]What's the thing that's consistent in all three cities? All of the average sold prices are up significantly and or said differently, materially.

[01:31:27]Right? So, you don't want to pay 6. You don't want to pay 6% more if you don't have to. And if you're selling, you don't want to lose 6% more than you have to. Nobody wants to lose more money.

[01:31:39]Everybody wants a deal. And if you think you're getting a home for 670 in the Canyons, you are smoking crack with Charlie Sheen, who is getting his back cracked with his chiropractic, the crack addict. And I'm not saying And that's the name of her show, not a accusation of moral ineptitude.

[01:32:03]Okay, month supply of inventory in in Boynton Beach, 3.2 months versus 3.4, down 6%.

[01:32:11]Sad. Okay, I didn't I said I wasn't going to do this, but actually I didn't say I wasn't going to do this. I said I would stop in Boynton Beach and I'm going to. Let me check the comments.

[01:32:22]There are none. And I still got five people after talking for an hour and a half. This is insane. Okay, now we're going to do a deep dive into the markets that I care about the most because my kids and I live and their mother live there. My sister lives there. My parents live there. Her mother lives there.

[01:32:41]Everybody everybody that I can All my friends live Not all, but lots of my friends live there.

[01:32:46]This is the market I am most emotionally invested into, right? And that's the Canyons market, which is the zip code of 33473.

[01:32:56]Okay, does that include only the Canyons, Chris? No, it doesn't. It also includes the Valencias, right? The Valencias sound, brand, whatever, reserve, preserve, I'm not sure. There's many of them. And And they're not all in the same zip code.

[01:33:14]But most of them are. The ones I'm talking about obviously are. The nice ones, when I say nice, the more expensive ones are.

[01:33:22]And if you're 55-plus active adult luxury resort types lifestyle type person, family, then you want to live there, too, because they got everything you could possibly want. It is not heaven's waiting room by any stretch of the imagination. These act I'm 50. So, in five years, you can bet I will want to live there because it's incredible.

[01:33:48]And And that's That's And that's all I gots to say about that.

[01:33:54]33473.

[01:33:56]Um, ba ba ba ba ba. But it's not cheap, right? So, living the right or living the lifestyle that you want is going to correspond with what you can afford to pay. Well, no, what you want and what you can pay for are two very different things. But if you want to max out a luxury lifestyle in a resort style community where you don't pay country club fees, but you get all the country club amenities, um, well, then you best to have some money because it's pricey.

[01:34:27]All right.

[01:34:28]At least there. There are other markets in Florida where a similar lifestyle, and I'm thinking of what's the place where all the swingers are.

[01:34:37]Um, and that's not completely true. Uh, The Villages, right? The Villages up in Central/Northern Florida relative to where I'm at. You can live an in The Villages for much less than you can in 33473 zip code.

[01:34:57]Period.

[01:34:58]Um, it's basically, um, adult Disney with, uh, liquor and sex and probably drugs and rock and roll. I don't know. I don't live there. But the stories out of there are completely wild. And I don't know if they're true.

[01:35:13]Just Google The Villages and swingers and you can learn what what they say.

[01:35:18]And they say a lot. And they could be wrong. I don't know. But to me it sounds like a whole lot of fun. Um, okay. So, 334 7. Oh, glasses really help. 33473. Okay.

[01:35:34]Yay! And yes, I'm going to break this down into short form content. And yes, I'm going to blast it everywhere. So, if you've endured this unmerciless beating, uh, for me verbally, then I love you.

[01:35:47]Um, I appreciate it. I appreciate you. I really do. I mean that. Um, so for sale versus sold, what you're going to see is there are 47 homes for sale in May versus April. 47 versus 53.

[01:36:02]That's down 11.3%.

[01:36:04]Sold 18 versus 12. That's up 50%.

[01:36:08]Pending up 144.4%.

[01:36:11]22 versus 9. May was a very active month in 33473, period. How do I know? Cuz I can read. So can you. And the charts and the numbers don't lie. People lie. I don't lie.

[01:36:28]Until I lie.

[01:36:30]Um, and I want to lie down. Um, I'm not going to cuz I still got to drive an hour and fight traffic and God knows what else home.

[01:36:38]Um, okay. So average sold price May versus April. Average active price, I'm not even going to talk about it. It's down 9% versus average sold price, which is up 23%.

[01:36:51]Similar to Boca macro, Delray Beach macro, the Canyons, which is now not macro, it's micro, is up 23%. 1.261 versus a million 26.

[01:37:04]Yay sellers or yay homeowners that own homes in 33473.

[01:37:12]Not so great if you're thinking about buying in the Canyons because you want a deal. And trust me, there are deals to be had in every market. I don't care what the numbers say. There is a lot of overpriced inventory in almost every market that I've ever seen that I work in, right? A lot of people are with Miss Chiropractic and Charlie Sheen on the Pizide.

[01:37:36]Um, months supply of inventory, 2.3 months.

[01:37:41]First time since I've been sharing this data today that we see an actual seller's market, right? 2.3 months of supply is a seller's market, period.

[01:37:55]If you are looking to buy in the Canyons, and yes, it is true, there are overpriced listings everywhere, but the data does not lie. The overall real-time number right now to as of yesterday, 2.3 months is a seller's market. Prove me wrong.

[01:38:14]versus four. That's down 43%. 42.8 to be exact.

[01:38:19]Period. So, I don't care what anybody else says. I only care what I can see with and prove with my own eyes. And same thing goes with this SpaceX IPO. If it does not pass the sniff test, and I don't confirm everything that I'm told with data, a prospectus, and then also let me know as fast as you possibly can they let me know as fast as they can exactly how much allocation they have to distribute to new clients. Well, until that happens, I can't go out there and help connect them with them, you, me, them, us, we connect, collaborate, monetize. I can't do that the right way until I know what it is, right? And with that in mind, I am finally going to say peace.

[01:39:15]I'm out. See you in my next video.