HOMELESS PROBLEM FOR.
>> ANOTHER QUESTION AS WELL THIS
CRUSH THE REAL ESTATE MARKET
QUEST BETTER THAN TO ASK THE
AGENCY CEO MAURICIO UMANSKY GOOD
TO SEE YOU THEN. IS THIS GOING
TO CRUSH THE REAL ESTATE MARKET
IN THE HIGHER END MARKET IN L.A.
L.A.?
YOU HAVE A BIG EFFECT.
I CAN TELL YOU OVER THE LAST
MONTH, TWO MONTHS WE HAVE BEEN
LOOKING YOU TO RUSH HER TO TRY
TO GET PEOPLE TO SO WE HAVE
EXTRAORDINARY MARCH 11 HIGH END
HOMES SOLD IN MARCH.
BURNOUT THE PIPELINE GOING
FORWARD REALLY LOW RELIEF LIEN
IN THE IMMEDIATE FOUR OR FIVE
DAYS AFTER THIS IS GOING ON OR
DEFINITELY START SEE MAJOR
EFFECT.
SIX WHAT ARE PEOPLE THINKING AND POLITICS AND GLOSSY NOT HAVE ANY
POLITICS AND GLOSSY NOT HAVE ANY
EFFECT AT ALL LIKE OH, YOU OWN
A 10 MILLION-DOLLAR HOUSE.
YOU CAN’T AFFORD IT.
THEY WILL NOT BE AN OVERALL
TRICKLE-DOWN EFFECT BUDDY AS IF
IT IS JUST A BURDEN ON THE
SELLER AND THAT IS IT.
I DON’T THINK THEY ARE THINKING
RIGHT NOW.
THIS COMES IN A REALLY BAD TIME.
IT’S COMING DURING A TIME OR WE
ARE ALREADY TRYING TO SLOW DOWN
THE HOUSING MARKET.
THE INTEREST RATES ARE GOING UP
A LOT THEY’VE GONE UP BY 500
BASIS POINT TO A SIX OR SEVEN
MONTHS.
AND RIGHT NOW WE ARE SUDDENLY
ADDING THIS TEXT.
THIS IS PUT ON TOP OF A REAL
LATE SLOW MARKET IT DOESN’T
MATTER IF YOU’RE MAKING MONEY,
LOSING MONEY YOU’RE GOING TO OF
THIS TAX.
WHAT IS GOING TO DO IS CAUSED
LESS PEOPLE TO SELL, MORE PEOPLE
TO STAY WHERE THEY ARE AND STAY
CONTENT.
IT’S REALLY GOING TO SLOW DOWN
THE HOUSING MARKET A LOT MORE IN
LOS ANGELES AND ALREADY IS.
IT’S ALREADY SLOW.
REMEMBER REVENUE.
OFTENTIMES IT WORKS IT WILL
RAISE THE MARKET.
RACING SELLERS INCREASE THE
PRICE TO KEEP THE SAME PRICE AND
PAY THE TAX REGARDLESS?
WHAT IS HAPPENING IN THE MARKET?
THAT’S A CONVERSATION WE ARE
HAVING WITH ALL OF OUR SELLERS
KNOW.
THE PROBLEM IS IN THE STRUGGLE
IS, IT’S REALLY NOT THE RIGHT
TIME TO BE INCREASING THE
PRICING.
IF YOU WANT TO SELL YOU NEED TO
KEEP YOUR PRICE DOWN IF YOU
DON’T WANT TO SELL AND YOU CAN’T
AFFORD THE TAX IT’S NOT THE
RIGHT TIME TO SELL IT’S PROBABLY
THE RIGHT TIME TO GO OFF THE
MARKET.
IT IS A REALLY WEIRD AND TRICKY
TIME YOU’RE STRUGGLING WITH.
THE PROBLEM IS WE DO NOT KNOW IF
THE MONEY IS ACTUALLY GOING TO
HELP THE PEOPLE.
WHEN THEY SOLD THIS ON THE
BALLOTS IT WAS LITERALLY LET’S
TAX THE RICH AND FIX THE PROBLEM
WITH HOMELESS.
NOW CONGRESS IS JUST PUTTING IN
THE COUNCIL IN ORDER TO TRY TO
FIGURE WHAT THEY’RE GOING TO TRY
TO DO WITH THE MONEY.
HOW MUCH MONEY THEY’RE GOING TO
HAPPEN.
THE ENTIRE PUBLIC REALLY VOTED
ON A PROPOSITION THAT WAS NOT
EVEN FULLY THOUGHT OUT.
SO POORLY WRITTEN MOST PEOPLE DO
NOT KNOW ABOUT IT.
WHEN I’M TALKING TO MY CLIENTS
ABOUT WE WORK CAME FROM.
THEY DON’T UNDERSTAND THAT THEY
DON’T HELP GOT ON THE BALLOT
IT’S A REAL MESS.
DONE A LOT OF READING AND KNOW A
LOT ABOUT THE HOMELESS FROM LOS
ANGELES.
A LOT OF IT IS DRUG ADDICTION.
IT IS METHAMPHETAMINE ABUSE
WHICH LEADS TO PSYCHOSIS.
IF ABILITY IT’S ACTUALLY DRUG
ABUSE LEADING TO PSYCHOSIS.
AND TO MENTAL ILLNESS.
SMITH THE PIECE OF ADVICE MAY BE
TELL YOUR CLIENTS WHO ARE ANGRY
ABOUT THIS TELL THEM TO VOTE
DIFFERENTLY.
TELL THEM TO WAKE UP AND FIGURE
THINGS OUT.
C6 TELLS A FORMER REPUBLICAN OF
CONGRESS.
[LAUGHTER]
TALKS EXACTLY. QUICKLY, YOU AND YOUR STUNNINGLY
QUICKLY, YOU AND YOUR STUNNINGLY BEAUTIFUL WIFE, HOW INTO YOU
BEAUTIFUL WIFE, HOW INTO YOU
ENTAIL GOING TO STEP OUT FOR.
>> IF THAT EVEN HIS.
>> THANK YOU YOU AND I ARE
TOGETHER THANK YOU FOR JOINING
US.
THANK YOU FOR PLAYING ALONG.
LOVE YOUR BEAUTIFUL FAMILY THANK
YOU.
HE HAS NINE KIDS, SEAN HAS NINE