Transcripts For RT The News With Rick Sanchez 20240712 : vim

RT The News With Rick Sanchez July 12, 2024

Want to begin with one of the most important topics for all americans housing right now millions of you are asking the following questions given the volatile economic and political times that we are going through 1st and foremost do i sell my home before it loses its value. What happens when all of those people who arent paying their mortgage are suddenly forced to pay up by the way those who arent paying for at least 3 months they make up 8 percent of the homeowner population and they reportedly account for more than 800000000000. 00 in unpaid principal so what happens when the government for merit Forbearance Program comes due will there be a glut of homes suddenly on the market out there and then theres the question of whether big cities are going to just empty out who wants to live there right what happens in our nations urban centers who will want to live in a crowded densely populated city with elevators Tall Buildings occasional spurts of racial unrest these are the trends that some really smart people spend their entire lives studying and come to grips with and what theyre finding. This may surprise you youre going to be hearing here in just a moment from one of the top one of the top practitioners when it comes to housing in the field were going to do so right here on news rick sanchez where we believe it is time to do news again. Is the list of the questions that. We think youll be asking tomorrow after watching our newscast today is housing in america about to go through a revolutionary transform a show on a statue of Abraham Lincoln freeing slaves threatened really is new york really stopping americans from going there why. So here is really the big story right the big takeaway the goban aidid pandemic and its subsequent impact on the Global Economy followed by the ratio that is now taking place and will have an effect on housing now you hear a lot about the stock market and how its up or its down because of all these developments that weve experienced but the stock market gets 10 percent of all americans and less than 2 percent of all of the people on earth but you know what affect all People Housing because one way or another we all need a roof over our heads so we thought this was the topic that we should drill down on joining us now jason hart who knows housing by the way from the inside out hes an extremely successful Real Estate Investor who connects with thousands of people weekly Jason Hartman dot com where he shares some of his insight with others and hes here to do it for us right now. And lets start with this 1st. Having these times that weve been going through what the economic. Situation the band i met teixeira etc had they caused home prices to go down. Well rick thanks for having me back i mean its counterintuitive but the exact opposite has occurred and now when we look at it and talk about this virtually all of the statistics any of us here are National Statistics and as you know Housing Market in the country as large as the United States obviously there are so many markets its a huge country even out 400. 00 local markets if you will that can really be divided into 3 categories linear cyclical and hybrid so to answer your question expensive Housing Markets were already suffering before the pandemic there were already. Lot of lots of stories about Expensive Properties even new york city in los angeles even in less expensive markets like seattle certainly San Francisco south florida miami area. Washington d. C. To a lesser extent because thats the government that skews the stats those were already suffering before the pandemic but interesting we now we are seeing this mass migration out of high density areas and the Housing Market by and large is up there is very little in tory and whats of demand so lets call it the burbs for lack of a better term as weve always referred to it here in america if you live in the suburbs have a home and youre hunkering down in it keep it. Because the value you have in your home is pretty much the value you have right now as a person right i mean mattera lee of course. You know. You know the suburbs i think those homes are going to do very well through this actually i think if you. Properties now cheap. There isnt a tidal wave of people moving in your direction you want to be out of high density areas they dont want to take mass transit they dont want to get into elevators. And you know if you live in a condo complex in a. City that is or stories are less youre probably ok but if you live in anything thats considered which is 5 stories and i 4 high rise 12 stories and i would really be concerned about Properties Like that and you know were already maybe were now already witnessing the 2nd wave of infection and. Racial strife and riots and you know thats just one more reason not to live in cities i mean ask your question though because everything that you are saying although conflictive with what we would think is going on maybe if you if you if you if you consider that theres a lot of money out there i mean the governments been pouring money one of the things its something called forbearance which i learned from you were delayed by the way which is where they will tell you you dont have to pay your mortgage for the next 3 months 6 months or even a year ok so lets suppose thats the reason that everything is still stable and nothing has imploded or exploded but what happens when that Forbearance Program out is what the government stops the gravy train sort of speak is that when we are very. Very good question the and the real answer is none of us know none of us you know because the economy has own challenges to had i mean we still have massive unemployment you know to to use a phrase weve all become familiar with waiting to the virus the curve in terms of the Unemployment Rate but still things are things are pretty sketchy out there in these Forbearance Programs you. Its still unclear as to whether or not thats a lay away program. There might be some forgiveness it will just be tacked on to the back of one or what the working out is going to be at the end of these forbearance periods that are 36. 00 or 12 months and you know this is what the government does they always distort every market because they come in with aid and bailouts and stimulus and it just distorts things and it makes it hard for any of us to know whats really going on so it is to some degree its definitely a gas but i would say for sure low priced housing necessity oriented housing in suburban markets where people can socially distance where they feel safe where theyre not in cities that are having riots and civil unrest and theyre not taking elevators and mass transit where they might. You know catch a virus. Those are a pretty safe bet because the other thing thats happened during this whole thing is everybodys really realized that the moon is the center of the universe and since so many people are working at home now they actually need a larger home they need more space so instead of living in that its 1000. 00 a month 600 square foot condo or in new york city. Of the 100. 00 they can get a 12. 00 to 1500. 00 square foot suburban house with a yard and 2 car garage in a Nice Community and theyre already working at home so whats the difference if its you know if its. 10 miles away or 100 miles away or a 1000 miles away so well see you tell us oh well. Hartman a guy who has made millions and millions of dollars in real estate and he started as a kid investing in real estate and were just so glad to be able to have a lot to take us through these explanations because they do make sense will follow to see and hopefully will. Be able to have a conversation again thanks so much jason always appreciate it my friend thanks rick. And now theres a breaking news story that weve been following for you here throughout the course of the day the situation has changed somewhat you see that right there earlier in the day we showed you that statue at the time we showed you that statue you couldnt see that fence in front of it that fence has been put up within the last hours or 2 whats interesting about this nic if you could. See if you could focus it on the statue itself i want to be able to talk about what that is thats Abraham Lincoln the greatest emancipator right and that is an africanamerican slave after he has been freed this statue by the way has been there for so long this thing was the idea of creating this park lincoln park was developed right after the civil war as part of Pierre Lenfant the regional 191791 plan but then after that in 876 let me say that again 876 they put this statue up because they wanted to honor Abraham Lincoln after he was assassinated since then there has been some controversy and now the controversy is that some are arguing the statue should be taken down let me be a little more specific with you Eleanor Holmes norton who is the representative to our nations government from washington d. C. Is arguing that the designers of this emancipation statue did not take into account the views of africanamericans therefore the statue should be moved to a museum thats what she says and some would argue the problem with this is the fact that africanamerican man is kneeling before Abraham Lincoln now go ahead and widen the shot out heres whats going on we expected there were many people though im sorry nick widen it out in other words pull back so so we could see whats going on around there in that scene nick is the photographer shooting that now you see all those people have gathered there originally we were expecting to see many many people. Were going to be protesting in fact it was expected that the protests would be so large that the white house was going to put National Guardsmen there to protect it because the president said under my watch quote none of these statues are going to come down there were there was some talk that they were going to take this statue down instead what happened is a very strong front with lightning and bad weather has moved into washington d. C. And what we see there is for the most part not protesters but just normal tourists and members of the media who are gathering around this watching it it appears at least for now that this confrontation that we expect it is not going to happen nonetheless weve been keeping an eye on it thats why we have a live picture there for you and well continue to follow it for you if anything happens well bring you that development right away. So this is the news with rick sanchez were not only watching that story but many others right here for you when we come back stonehenge for you theres a new secret we got it will be right back. Here. Finally. Your tired network. d d famous for my views. Yours truly. How to read out of read turn on the t. V. On the about the world was happening around me i see shows on the screen in last every day because the fake news narrative steady state. To maybe cool someone believes enough christians would have to plow a brick by brick pool is that make it my own house plenty of them in the store but i found a network that open question. Take a live news anywhere you can place an elegant link curated online and Video Library with a built in Search Engine it will fit right in your pocket its free interact and just architectures dollars will talk to 8000 the president s text for videos uploaded every hour so what are you waiting for plus stuff the for. The feeling of. Every the world should experience. And youll get it on the open road. The world according to a gesture. Welcome to my world come along for the ride. Hey welcome back i want you to listen to something the governor of florida is now saying this is very different because essentially remember when in florida and everywhere else many of the people who are getting. Coronavirus were older 5060 even 79 now that has changed so the numbers are way up in florida but here listen to the governor tell it. When we started this in march the median age of people who tested positive was i think 65 as the testing ramped up that went into the fiftys but it was pretty much in the fiftys for most of the time and then just recently has really plunged so the last week the median age was 35 years old thats thats dramatic i think right from the fiftys sixtys to now mid thirtys so weve asked john hardy to try and explain this to us whats going on there in the Sunshine State with these numbers and whats it mean job. Well theyre good question so lets lets talk about the numbers right now there is more than 114000 cases of hope in 1000 state wide and as governor of the census was talking about it begs the question ok whos getting sick right so the age demographic that with the highest infection rate right now rick is the 24 to 35 year old demographic so basically millennialism heres the thing that makes sense because as the states started reopening phase one in late may face 2 earlier this month about 3 weeks ago and phase 2 was bars restaurants health clubs thats the demographic thats working in that industry the industry the hospitality Restaurant Industry industry which really drives south florida and particularly is the big industry here in miami and Miami Dade County which by the way if you want to talk about an at the center of cove in 1000 cases statewide this is where it is its Miami Dade County its not highest infection rate so thats the demographic of the people that are most sick. Thats the bad news also the number of cases the number of hospitalizations continues to go up and heres the thing state and local officials are saying 2 factors one the reopening of business in reopening of the state bake specked in an uptick ok also more testing being done basically anyone and everyone rick who wants to go get tested for codeine teen or the answer. Audis you can do it whether its through your Health Care Provider whether its one of that one of the doc in the box is an urgent care place or through the city or county you can go get tested so theres been an increase in the number of tests and with that an increase in the number of positive cases you know but what is alarming what is troublesome for officials is how far its going up on a daily basis you know today no exception more than 5000 new cases i think tuesday set a record more than 5400 new cases of kind of 19th statewide so basically when youre looking at the Health Metrics on the on the states coated ones that handy code in 1000 tracker youre seeing an upward trend across the board that is a concern for local and state officials so quickly whats being done well here in the city of miami the mayor of miami frances juarez is now requiring all residents everybody whos out to wear a mask unless youre working out unless youre running unless youre your biking i have a mask you know im not trying to pull you know im not trying to look cool i do have a mask so you do have a lot more people im seeing Walking Around people are Wearing Masks and some people are a lot of people still are ok but more people are going out rick or younger people that millennial demographics 24 to 55 year old those are the people that are going out those are the people that are going to the bars to the restaurants those are the people that are working in any industry but again this continuous upward trend that is troubling to officials and you know as far as mitigating that look the bars the restaurants you have to wear a mask when you go in when youre sitting at a table you dont when youre out about you have to wear a mask its not being enforced so various places are trying to do their best you know is it going to continue to climb its kind of a wait and see approach well see but as far as the state closing down again rick thats not in the cards thats not happening at this point thats just a great great great stuff john great great very comprehensive report thanks for making us understand whats going on there in the Sunshine State. And there are those you probably heard of stone. You know the massive stone monument in england that was built some 5000 years ago and while so much bridge thing complicated Network Structures were once a part of an ancient burial settlements where we still question the Historic Site in of itself but bathers a discovery near stonehenge its offering even more insight about life theyre here now to childless. For over a decade the ancient site at stonehenge has slowly been revealing secrets but now a team of archaeologists have discovered a major prehistoric monument near the Historic Site and its really new details about life some 4500 years ago archaeologists led by a team from the university of bradford have discovered a circle of deep shafts and use a World Heritage site of stonehenge the largest prehistoric structure ever found in britain and possibly europe the team found at least 20 massive historic ships that are more than 32 feet wide and 16 feet deep within the circles spanning more than a mile in diameter around the during 10 walls henge which is about 2 miles away from stonehenge coring of the shasta jest of the features are neolithic and excavated more than 4500 years ago around the same time during 2 walls was built the ring was discovered using Remote Sensing technology and what were previously believed to be empty spaces between the monuments that make up the unesco World Heritage site professor Vincent Gaffney of the university of bradford said in a statement the area arou

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