Questionable Offers, Public Money & Boulder’s Changing Neighborhoods | Podcast #134

WEBVTT
00:00:00.720 --> 00:00:03.259
Before we get started, a little disclaimer to
00:00:03.259 --> 00:00:07.179
this podcast. To be clear, we don't know whether
00:00:07.179 --> 00:00:11.060
the other offer is real. Our point is that public
00:00:11.060 --> 00:00:13.580
money shouldn't be committed until it's independently
00:00:13.580 --> 00:00:16.780
verified. And with that said, let's get into
00:00:16.780 --> 00:00:25.519
the podcast. Am I the only one questioning this
00:00:25.519 --> 00:00:29.899
supposed $42 .5 million offer for San Lazaro?
00:00:30.120 --> 00:00:33.679
That's nearly $200 ,000. per mobile home site,
00:00:33.859 --> 00:00:36.259
seemingly far above what comparable parks have
00:00:36.259 --> 00:00:39.179
sold for. The owners claim to have an offer at
00:00:39.179 --> 00:00:41.979
their full asking price from an unidentified
00:00:41.979 --> 00:00:45.219
buyer. But has anyone actually seen or independently
00:00:45.219 --> 00:00:48.539
verified this offer? Who is the buyer? What are
00:00:48.539 --> 00:00:50.640
the contingencies? And is there any evidence
00:00:50.640 --> 00:00:53.700
they could actually close? The timing and secrecy
00:00:53.700 --> 00:00:55.979
seem awfully convenient when the alternative
00:00:55.979 --> 00:00:59.539
is getting the city, county, and taxpayers to
00:00:59.539 --> 00:01:03.649
finance a purchase at the same price. And that
00:01:03.649 --> 00:01:08.370
is from a Reddit user on the Boulder subreddit
00:01:08.370 --> 00:01:13.670
talking about the San Lazaro mobile home problem
00:01:13.670 --> 00:01:18.430
that the city and county is trying to solve to
00:01:18.430 --> 00:01:21.750
allow for affordable housing or to preserve affordable
00:01:21.750 --> 00:01:24.810
housing. And I'm laughing too because Mr. Balls
00:01:24.810 --> 00:01:28.049
is back there on screen. wanting to be stretching
00:01:28.049 --> 00:01:31.709
or scratching on the door. I'm not sure what
00:01:31.709 --> 00:01:33.390
he's doing back there, but clearly wants to be
00:01:33.390 --> 00:01:37.129
part of the podcast. So with that, welcome to
00:01:37.129 --> 00:01:41.670
the House Einstein podcast. I'm Osman Parvez,
00:01:42.010 --> 00:01:46.829
and with me is Hamish Crabb, and departing is
00:01:46.829 --> 00:01:49.430
Mr. Balls leaving and going down the hallway,
00:01:49.609 --> 00:01:52.090
which is Hamish's adorable cat. He's got his
00:01:52.090 --> 00:01:56.799
timing down. Yep. He does. Quick context, that
00:01:56.799 --> 00:02:01.180
is a cat's name, not a human's name. But yeah,
00:02:02.280 --> 00:02:05.099
so San Lazaro, I mean, that's going to be one
00:02:05.099 --> 00:02:08.479
of our news stories. But, you know, I think that
00:02:08.479 --> 00:02:14.259
Reddit post raises a good question. I mean, I
00:02:14.259 --> 00:02:19.400
kind of feel like there's a world of people that
00:02:19.400 --> 00:02:21.979
are testing Boulder just to see how dumb we are.
00:02:22.500 --> 00:02:24.479
Because if we're willing to spend as much as
00:02:24.479 --> 00:02:27.599
we've spent on Alpine balsam. Maybe we're willing
00:02:27.599 --> 00:02:30.800
to spend way more than anybody's ever spent in
00:02:30.800 --> 00:02:34.560
Colorado for a mobile home park with an unidentified
00:02:34.560 --> 00:02:37.479
buyer who supposedly has submitted an offer and
00:02:37.479 --> 00:02:39.599
no way to vet that offer. And there's even more
00:02:39.599 --> 00:02:42.439
detail. We're going to get into that. And kudos
00:02:42.439 --> 00:02:48.039
to that Redditor for being on it. Jeff and Boulder
00:02:48.039 --> 00:02:51.819
is the username and we always enjoy their content.
00:02:52.400 --> 00:02:55.900
So as you may notice. If you're watching this
00:02:55.900 --> 00:02:59.960
on screen, we are not in studio today. I am actually
00:02:59.960 --> 00:03:03.120
recording remotely, literally in a van down by
00:03:03.120 --> 00:03:06.800
the river on a little adventure fly fishing trip
00:03:06.800 --> 00:03:11.340
with a good friend of the pod and advisor to
00:03:11.340 --> 00:03:14.860
House Einstein. And he is now celebrating his
00:03:14.860 --> 00:03:17.819
70th and has had some health challenges. And
00:03:17.819 --> 00:03:21.629
I felt like if I didn't take this trip, it might
00:03:21.629 --> 00:03:24.430
be. It may not come again. There may not be another
00:03:24.430 --> 00:03:29.129
opportunity. So it's just increasingly important
00:03:29.129 --> 00:03:32.090
for me to spend time with people that I may not
00:03:32.090 --> 00:03:34.050
have more opportunities to spend time with. And
00:03:34.050 --> 00:03:36.689
you just never know, especially as people get
00:03:36.689 --> 00:03:38.590
older, how things are going to play out. So that's
00:03:38.590 --> 00:03:41.229
why I'm remote recording today. And Hamish is
00:03:41.229 --> 00:03:45.810
in his office. Yeah, it's almost like a throwback,
00:03:45.810 --> 00:03:49.710
isn't it? Seeing this dashboard for the podcast
00:03:49.710 --> 00:03:52.689
and everything. I kind of like it, to be honest.
00:03:52.789 --> 00:03:55.150
I feel like the camera is more flattering and
00:03:55.150 --> 00:03:59.990
it's kind of fun to do it remotely. Thank Starlink.
00:04:00.050 --> 00:04:02.110
I appreciate the technology and all the team
00:04:02.110 --> 00:04:04.129
of people that put that together, because otherwise
00:04:04.129 --> 00:04:06.110
I would not be able to stay on top of real estate
00:04:06.110 --> 00:04:08.250
deals either. I've got two under contract at
00:04:08.250 --> 00:04:10.430
the moment, both of which are going through inspections
00:04:10.430 --> 00:04:13.210
this week. And we'll have a tale from the trench
00:04:13.210 --> 00:04:15.430
maybe next week from that experience, because
00:04:15.430 --> 00:04:19.230
it's been an interesting journey to get to the
00:04:19.230 --> 00:04:21.350
point we're on. But let's walk through the docket.
00:04:21.430 --> 00:04:23.189
Well, actually, let's declare our mission so
00:04:23.189 --> 00:04:24.970
that we're clear about what this podcast is about.
00:04:25.089 --> 00:04:27.350
If you haven't joined us before, our mission
00:04:27.350 --> 00:04:29.829
in the House Einstein podcast is to entertain
00:04:29.829 --> 00:04:33.069
you. If you're a client of the brokerage, then
00:04:33.069 --> 00:04:34.750
we're more than happy to give you advice on your
00:04:34.750 --> 00:04:37.970
specific real estate situation. But otherwise,
00:04:38.129 --> 00:04:39.790
if you're just listening to the pod, please do
00:04:39.790 --> 00:04:42.730
not make any... financial decisions, any real
00:04:42.730 --> 00:04:45.589
estate decisions, any important decisions whatsoever
00:04:45.589 --> 00:04:47.850
on the basis of what you hear in this podcast.
00:04:48.470 --> 00:04:50.050
Clients, you know where to reach us. We're more
00:04:50.050 --> 00:04:51.970
than happy to advise you. And if you're interested
00:04:51.970 --> 00:04:54.370
in becoming a client, you can find us at houseeinstein
00:04:54.370 --> 00:04:59.519
.com. Okay, let's go to the docket. Thank you.
00:04:59.720 --> 00:05:02.519
Thank you. So this is going to be a short pod.
00:05:02.959 --> 00:05:05.360
And second, here's some of you cheering, perhaps,
00:05:05.399 --> 00:05:09.240
because we are remote and we have a very tight
00:05:09.240 --> 00:05:11.939
timeline today. We're also going to do a few
00:05:11.939 --> 00:05:14.899
things differently. We're going to have, on the
00:05:14.899 --> 00:05:18.180
recommendation, on a comment of a listener, listener,
00:05:18.279 --> 00:05:21.360
if you're listening to this, we heard you. You
00:05:21.360 --> 00:05:26.759
asked us to put out the visibility for the event
00:05:26.759 --> 00:05:30.240
horizon further than five to seven days, because
00:05:30.240 --> 00:05:32.800
by the time you hear it, you're missing out on
00:05:32.800 --> 00:05:35.000
these events. So we're doing that. Now we're
00:05:35.000 --> 00:05:38.439
putting out events 10 to 14 days and maybe even
00:05:38.439 --> 00:05:41.069
longer into the future. And hopefully we don't
00:05:41.069 --> 00:05:44.069
have any repeats. If things need updating, we
00:05:44.069 --> 00:05:46.769
might update. But going forward, this podcast,
00:05:46.910 --> 00:05:48.750
we're still going to include the next five to
00:05:48.750 --> 00:05:52.129
seven and all the way out to 14 days. Even some
00:05:52.129 --> 00:05:56.009
events tonight, too, for those listening. That's
00:05:56.009 --> 00:05:58.490
right. If you're listening to this on Friday,
00:05:58.670 --> 00:06:01.470
the day that we go live, then you might still
00:06:01.470 --> 00:06:03.430
catch some of these events. But otherwise, you're
00:06:03.430 --> 00:06:06.709
going to miss it, unfortunately. But most of
00:06:06.709 --> 00:06:08.930
the events are much further out. So don't lose
00:06:08.930 --> 00:06:12.439
heart. Okay, and we're going to do our hot takes
00:06:12.439 --> 00:06:15.459
after that. We've got a bunch of news stories
00:06:15.459 --> 00:06:18.480
to talk about. And then we're going to do carve
00:06:18.480 --> 00:06:20.560
-outs. So what's missing? We're not doing a table
00:06:20.560 --> 00:06:23.240
topic this week. Table topic. A closing table.
00:06:23.240 --> 00:06:26.339
Closing table topic. Closing table topic this
00:06:26.339 --> 00:06:28.680
week. And we're going to skip, we're also going
00:06:28.680 --> 00:06:30.800
to skip sales of the week to be a little bit
00:06:30.800 --> 00:06:32.560
more efficient. And I think we're also going
00:06:32.560 --> 00:06:35.389
to skip shameless self -promotion. So we're just
00:06:35.389 --> 00:06:38.769
going to skip through news items and Event Horizon
00:06:38.769 --> 00:06:41.449
is pretty much what this pod's all about. You've
00:06:41.449 --> 00:06:43.370
got this one called Quick Hits, and I almost
00:06:43.370 --> 00:06:46.750
like that as maybe we workshop what that's like,
00:06:46.850 --> 00:06:52.730
but it could be a fun passing segment or one
00:06:52.730 --> 00:06:57.100
that comes and goes. Just top of mind, not carve
00:06:57.100 --> 00:07:03.050
-outs, but things to quickly jump on. All right,
00:07:03.069 --> 00:07:06.540
yeah, we might keep it. We'll see. As always,
00:07:06.600 --> 00:07:08.860
I mean, shoot, we got feedback and we listened.
00:07:09.000 --> 00:07:11.100
So we do like the feedback. We like the comments.
00:07:11.519 --> 00:07:14.740
Seeing the five -star reviews is pretty good
00:07:14.740 --> 00:07:18.019
for me and my ego. I kind of complain. So yeah,
00:07:18.100 --> 00:07:19.660
if you're listening now, be sure to interact
00:07:19.660 --> 00:07:23.259
any way you can. And yeah, we hope you're along
00:07:23.259 --> 00:07:26.300
for the long haul. And if you're a YouTube subscriber,
00:07:26.639 --> 00:07:28.720
thank you so much for doing so. We're now past
00:07:28.720 --> 00:07:32.319
3 ,000 subscribers, which... For a tiny little
00:07:32.319 --> 00:07:34.540
podcast that seems to be Boulder centric, I feel
00:07:34.540 --> 00:07:37.579
very happy about that. And that's just on YouTube.
00:07:37.639 --> 00:07:39.660
That doesn't include all the Apple podcast subscribers,
00:07:40.060 --> 00:07:42.779
Spotify, Google podcasts and all the other places
00:07:42.779 --> 00:07:45.339
people get their podcasts. So I'm very, very
00:07:45.339 --> 00:07:48.180
happy to see it growing. And this is that's our
00:07:48.180 --> 00:07:49.699
YouTube as a whole, too. So there's neighborhood
00:07:49.699 --> 00:07:52.300
guides just released the time in the market video
00:07:52.300 --> 00:07:55.319
as well, which goes into Boulder real estate
00:07:55.319 --> 00:07:58.220
in depth in the seasonal and cyclical nature.
00:07:58.870 --> 00:08:01.490
through price points um really helpful video
00:08:01.490 --> 00:08:03.889
if that sounds interesting you'll find it on
00:08:03.889 --> 00:08:06.329
our youtube house seinstein yeah there's a lot
00:08:06.329 --> 00:08:08.550
of different other types of content on our youtube
00:08:08.550 --> 00:08:11.730
all right hamish let's talk about event horizon
00:08:11.730 --> 00:08:16.810
yeah and this first one um i'm gonna just the
00:08:16.810 --> 00:08:20.509
long and the short of it is tonight um boulder
00:08:20.509 --> 00:08:23.089
reservoir has a drive -in movie for the screening
00:08:23.089 --> 00:08:26.029
of coco i think i've seen it once i think i've
00:08:26.029 --> 00:08:28.810
seen it in spanish for Spanish class as homework.
00:08:29.529 --> 00:08:33.029
And then on the 23rd, they are screening Poltergeist.
00:08:33.250 --> 00:08:35.389
It's at 7 .30. It's at the Boulder Reservoir.
00:08:36.169 --> 00:08:38.889
And I wanted to share my experience. I'll be
00:08:38.889 --> 00:08:40.950
going to the one on the 23rd. So if you're there,
00:08:41.009 --> 00:08:45.850
say hi. You'll see me in a $300 Pathfinder. But
00:08:45.850 --> 00:08:51.110
the sign up for this event was insane, Osman.
00:08:51.690 --> 00:08:54.649
And I think we're pretty candid about how we
00:08:54.649 --> 00:08:57.419
feel. the city of Boulder, but they're using
00:08:57.419 --> 00:09:00.960
some third party system. I had to put in like,
00:09:01.019 --> 00:09:03.200
I mean, granted, I realized it was optional to
00:09:03.200 --> 00:09:05.360
afterwards, but they were asking like my household
00:09:05.360 --> 00:09:08.100
income and my first and last name and my address.
00:09:08.220 --> 00:09:11.679
And I was required to upload a profile picture
00:09:11.679 --> 00:09:14.879
and all sorts of things to even be able to purchase
00:09:14.879 --> 00:09:18.179
tickets. So if you'd like to avoid that mess,
00:09:18.379 --> 00:09:20.159
it turns out you can just go to a rec center
00:09:20.159 --> 00:09:23.629
and pick up tickets there too. It's just for
00:09:23.629 --> 00:09:25.690
one car. If I remember correctly, it's about
00:09:25.690 --> 00:09:28.429
$30. But we will have all of the links for these
00:09:28.429 --> 00:09:31.429
events, for the news items, in the show notes
00:09:31.429 --> 00:09:34.190
description and on our website. I mean, Halloween
00:09:34.190 --> 00:09:38.169
drive -in movies sound like a lot of fun. It's
00:09:38.169 --> 00:09:40.549
a bummer that the sign -up process is so onerous.
00:09:40.610 --> 00:09:42.789
But Boulder used to have a lot more. We had the
00:09:42.789 --> 00:09:45.690
holiday drive -in. We also had Boulder Outdoor
00:09:45.690 --> 00:09:48.470
Cinema that ran for about a decade and then eventually
00:09:48.470 --> 00:09:53.769
went. And I used to love going to Boulder Outdoor
00:09:53.769 --> 00:09:55.750
Cinema. I hope a little bit of that spirit is
00:09:55.750 --> 00:09:58.909
still alive at the reservoir. People, of course,
00:09:58.950 --> 00:10:03.350
sneak in beverages. I really wonder how they're
00:10:03.350 --> 00:10:07.529
going to handle the sound. Because a lot of people
00:10:07.529 --> 00:10:11.129
don't have AM radios in their car anymore. How
00:10:11.129 --> 00:10:12.289
are they actually going to... Oh, is that how
00:10:12.289 --> 00:10:14.149
they were doing it? Yeah. Well, they also, in
00:10:14.149 --> 00:10:16.509
the old days, they actually handed you a speaker
00:10:16.509 --> 00:10:21.789
that you could put on your window. Or you park
00:10:21.789 --> 00:10:24.230
next to a speaker that was mounted to the ground.
00:10:24.970 --> 00:10:27.769
So you got, not stereo, but you got mono through
00:10:27.769 --> 00:10:32.120
one window. I have no idea how they're going
00:10:32.120 --> 00:10:34.559
to... Is it really a drive -in, like you're in
00:10:34.559 --> 00:10:36.220
your car? Or are people getting out of their
00:10:36.220 --> 00:10:39.620
car and sitting on a lawn? To my understanding,
00:10:39.759 --> 00:10:41.360
it's a drive -in. And looking at the photos,
00:10:41.480 --> 00:10:43.360
they've got, yeah, a little inflatable screen.
00:10:44.409 --> 00:10:46.610
Good point on the, if you have to tune in on
00:10:46.610 --> 00:10:49.629
your radio, though. I said... Pathfinder does
00:10:49.629 --> 00:10:53.149
not have an antenna. I bet you money that they
00:10:53.149 --> 00:10:55.129
are not doing actual drive -in cinema. I think
00:10:55.129 --> 00:10:56.169
you're actually going to get out of your car.
00:10:56.169 --> 00:10:57.429
Yeah, I'm looking at a picture of the Boulder
00:10:57.429 --> 00:10:59.610
Reservoir with cars pulled in front of it and
00:10:59.610 --> 00:11:02.889
the projector screen. Okay, well, you may want
00:11:02.889 --> 00:11:04.389
to do your homework on, you may have to bring
00:11:04.389 --> 00:11:06.230
a radio if that's what they're doing is broadcasting
00:11:06.230 --> 00:11:11.149
on AM or FM. Maybe screwed. Yeah, well. Silent
00:11:11.149 --> 00:11:13.789
cinema, silent films. And you haven't seen Poltergeist,
00:11:13.809 --> 00:11:16.889
right? I think you had me watch it last year
00:11:16.889 --> 00:11:19.950
as part of my movie education. I had you watch
00:11:19.950 --> 00:11:26.309
it. Yeah. Okay. Listeners, I did not have Hamish
00:11:26.309 --> 00:11:29.549
watch Poltergeist. I may have suggested it as
00:11:29.549 --> 00:11:31.570
a fun movie night. He suggested it, yes. And
00:11:31.570 --> 00:11:35.269
it was watched, but maybe not remembered. So
00:11:35.269 --> 00:11:38.149
a second time, I'll be able to digest a little
00:11:38.149 --> 00:11:43.919
bit better in the silent film category. We'll
00:11:43.919 --> 00:11:48.240
see. But if you're there, I'll be there. Should
00:11:48.240 --> 00:11:52.500
be fun. All right. Our next one is Creature performing
00:11:52.500 --> 00:11:55.519
at the Fox. Also Friday night, 7 p .m. Creature.
00:11:55.700 --> 00:11:58.620
I've seen them live at a friend's wedding and
00:11:58.620 --> 00:12:00.200
they're up and coming. They're sort of burner
00:12:00.200 --> 00:12:02.980
adjacent and they're really fun. Like we had
00:12:02.980 --> 00:12:06.440
a great night. So my wife and I will be there
00:12:06.440 --> 00:12:08.700
on Friday night. If you want to bump into us,
00:12:08.799 --> 00:12:13.080
we will be at the Fox and the Fox Theater. Boulder
00:12:13.080 --> 00:12:14.919
Theater and the Fox Theater are institutions
00:12:14.919 --> 00:12:17.730
that I hope. continue to thrive in Boulder. We
00:12:17.730 --> 00:12:20.750
need them in the art scene. So if you don't have
00:12:20.750 --> 00:12:23.350
any plans Friday night, come join us to see Creature.
00:12:23.850 --> 00:12:26.750
And then the CU Buffs game is on Saturday, 8
00:12:26.750 --> 00:12:31.299
.15, Folsom Field. Who are they playing? I'm
00:12:31.299 --> 00:12:33.960
not sure. That's all you got? Another funny thing
00:12:33.960 --> 00:12:36.779
is when I was getting all the Utah, I was getting
00:12:36.779 --> 00:12:38.379
the information together, but I was like, ah,
00:12:38.419 --> 00:12:39.879
they just, you know, they're playing someone.
00:12:40.080 --> 00:12:43.799
But yeah, Buffs versus Utah. We should be saying,
00:12:43.840 --> 00:12:46.620
who are we playing, Hamish? They're our team.
00:12:47.570 --> 00:12:52.509
You're right. It's not very local of me. Well,
00:12:52.570 --> 00:12:55.990
I hope we win. It will likely be on ESPN, and
00:12:55.990 --> 00:12:58.629
that's probably how my wife and I are going to
00:12:58.629 --> 00:13:00.389
watch. But if you haven't been to a CU Buffs
00:13:00.389 --> 00:13:03.990
game, the tailgating experience is a lot of fun.
00:13:04.529 --> 00:13:06.690
And you can sometimes get tickets if you walk
00:13:06.690 --> 00:13:10.230
along Folsom. You will sometimes find people.
00:13:10.840 --> 00:13:13.399
desperately trying to sell their tickets so don't
00:13:13.399 --> 00:13:15.340
give up all hope if you weren't able to get tickets
00:13:15.340 --> 00:13:17.220
you might be able to pick up some cheapies to
00:13:17.220 --> 00:13:20.840
catch the game all right yeah what is what is
00:13:20.840 --> 00:13:24.120
happening on the 19th hamish that's very halloweeny
00:13:24.120 --> 00:13:27.990
part of our search to see you know what's going
00:13:27.990 --> 00:13:31.500
on and keep us local and into the world There
00:13:31.500 --> 00:13:34.860
are multiple websites, Boulder events, and this
00:13:34.860 --> 00:13:38.820
one is Active Minds Salem Witches. It'll be at
00:13:38.820 --> 00:13:44.980
the Gun Barrel Library branch. And it's a program
00:13:44.980 --> 00:13:48.320
on the historical context of the Salem Witch
00:13:48.320 --> 00:13:50.799
Trials, the factors that fueled the hysteria,
00:13:50.799 --> 00:13:54.379
and the impact on American society that's still
00:13:54.379 --> 00:13:57.539
lasting. So just kind of a fun little off -ball
00:13:57.539 --> 00:14:00.200
one. If I'm not mistaken, the 19th is a Monday.
00:14:00.870 --> 00:14:05.549
Yep. So it's a 2 to 3 p .m. Could be kind of
00:14:05.549 --> 00:14:08.590
a fun light. Just pop in, pop out, learn a little
00:14:08.590 --> 00:14:11.509
bit about the witchy world during spooky season.
00:14:12.710 --> 00:14:15.490
I don't have kids, but I feel like it would also
00:14:15.490 --> 00:14:17.950
be an opportunity to talk to your kids about
00:14:17.950 --> 00:14:22.570
hysteria and social contagion and how people
00:14:22.570 --> 00:14:26.950
can believe crazy things through the whisper
00:14:26.950 --> 00:14:32.159
chain. you kind of have to watch out. And I'm
00:14:32.159 --> 00:14:33.940
a big believer in independent thought. I was
00:14:33.940 --> 00:14:36.419
raised that way. And that came from parents that
00:14:36.419 --> 00:14:41.440
were questioning the dominant paradigm as it
00:14:41.440 --> 00:14:43.480
was being fed to us by the nightly news. And
00:14:43.480 --> 00:14:47.879
that was when we had three channels of broadcast
00:14:47.879 --> 00:14:51.879
media. Today, we have millions of different news
00:14:51.879 --> 00:14:55.179
sources. And boy, people can really... lose their
00:14:55.179 --> 00:14:58.320
marbles. I think the whole 5G thing, for example,
00:14:58.460 --> 00:15:00.700
people for a few years were just losing it over
00:15:00.700 --> 00:15:04.179
5G. And it felt like social contagion to me.
00:15:04.779 --> 00:15:09.309
Yeah. I mean, 5G, what does it do? What can't
00:15:09.309 --> 00:15:13.590
it do? You better look out. But staying on the
00:15:13.590 --> 00:15:16.409
Salem witches, a follow -up, if you do have a
00:15:16.409 --> 00:15:19.169
child and you're taking them, I don't. But I
00:15:19.169 --> 00:15:21.309
would totally check my kid out for this, get
00:15:21.309 --> 00:15:24.350
them out of school and just do it. What a fun
00:15:24.350 --> 00:15:26.429
way to be like, oh yeah, I'm getting you out
00:15:26.429 --> 00:15:27.970
of school early. We're going to the library.
00:15:28.450 --> 00:15:31.389
But if they were of reading age too, The Crucible,
00:15:31.450 --> 00:15:33.429
I had to read it in high school. A really good
00:15:33.429 --> 00:15:35.450
one, kind of a follow -up about you're damned
00:15:35.450 --> 00:15:37.250
if you do, you're damned if you don't, especially
00:15:37.250 --> 00:15:43.049
in hysterical times. Yep. All right, so tell
00:15:43.049 --> 00:15:45.309
me about Comedy Fempire. You put this one on
00:15:45.309 --> 00:15:47.529
here. It's at the Daily Art Center. Yeah, you're
00:15:47.529 --> 00:15:50.710
going to have to do your disclaimer. I'm on the
00:15:50.710 --> 00:15:52.549
board of the dairy and I don't know what this
00:15:52.549 --> 00:15:55.230
event is. So that's embarrassing to me. But I'm
00:15:55.230 --> 00:15:57.970
curious. It sounds like live comedy. Yeah, it's
00:15:57.970 --> 00:16:02.009
about it's next weekend. So on the 24th, 7 p
00:16:02.009 --> 00:16:05.590
.m. And it looks to be, you know, vampire. It
00:16:05.590 --> 00:16:11.029
is. I've got eight female comedians. So you've
00:16:11.029 --> 00:16:12.970
got I'm going to just list them off. Gabby Reed,
00:16:13.210 --> 00:16:17.299
Stacey Peterson, Cara Leone, Pam Moore. Mary
00:16:17.299 --> 00:16:22.539
Huth, Sam, Dr. Rosalie, Mia Wilson, and Zoe Rogers.
00:16:22.980 --> 00:16:26.490
Now, none of those immediately spark recognition
00:16:26.490 --> 00:16:28.450
for me, but this is how comedy gets started.
00:16:28.529 --> 00:16:32.289
This is the stepping stone to those Netflix comedy
00:16:32.289 --> 00:16:35.690
specials that you always see. So supporting local
00:16:35.690 --> 00:16:38.210
comedians, especially getting up there and kind
00:16:38.210 --> 00:16:40.309
of putting it out there for stand -up comedy
00:16:40.309 --> 00:16:44.539
is a lot. So go get some yucks in. I know Zoe
00:16:44.539 --> 00:16:46.899
because I took her stand -up comedy class. And
00:16:46.899 --> 00:16:51.159
I bet you Sam is our sometimes client who's also
00:16:51.159 --> 00:16:54.340
taken her class and is continuing to hone his
00:16:54.340 --> 00:16:56.019
material. So I know some of those comedians.
00:16:56.200 --> 00:16:58.559
Oh, no, it's all women. Oh, it's all women. Yeah,
00:16:58.620 --> 00:17:01.960
yeah, yeah. Okay. Vampire. Come on, man. Well,
00:17:01.960 --> 00:17:06.279
I don't know how he identifies. It's not my business.
00:17:07.299 --> 00:17:10.220
I should say how they identify. I don't know.
00:17:10.380 --> 00:17:12.660
I don't know. Okay. All right. And then last
00:17:12.660 --> 00:17:15.700
but not least. Oh, no, no. There's a few more.
00:17:16.740 --> 00:17:19.380
I've got a comedian friend and I've been trying
00:17:19.380 --> 00:17:21.539
to see if he will have an event in Boulder because
00:17:21.539 --> 00:17:23.940
he every now and then does it. But it's been
00:17:23.940 --> 00:17:25.539
like two years since I've seen any activities.
00:17:25.720 --> 00:17:27.880
So I'm starting to get less looking out for him
00:17:27.880 --> 00:17:29.900
and more worried. Like maybe I should check in.
00:17:30.539 --> 00:17:33.819
It takes a lot of time to develop material. And
00:17:33.819 --> 00:17:38.890
it's a process of iteration. When you really
00:17:38.890 --> 00:17:41.109
get good at it, you try out your new material.
00:17:41.930 --> 00:17:46.710
It's also scary AF. You did it, right? Standing
00:17:46.710 --> 00:17:49.430
in front of a room full of people with a microphone
00:17:49.430 --> 00:17:52.109
and hoping what you're about to say actually
00:17:52.109 --> 00:17:57.210
is somewhat funny. I think I realize that I'm
00:17:57.210 --> 00:18:00.069
probably not a natural comedian and would have
00:18:00.069 --> 00:18:03.940
to work really hard to make this. a thing. And
00:18:03.940 --> 00:18:06.200
I suspect the vast majority of comedians, I mean,
00:18:06.220 --> 00:18:07.799
I mean, I know this, right? Like the success
00:18:07.799 --> 00:18:12.019
rates got to be one in 10 ,000 that try turned
00:18:12.019 --> 00:18:15.240
into an act can actually make a living at being
00:18:15.240 --> 00:18:17.480
a comedian. I just wanted to try it because I
00:18:17.480 --> 00:18:21.420
felt like it scared me and it turned out it did,
00:18:21.440 --> 00:18:23.799
it did scare me and I don't need to be scared
00:18:23.799 --> 00:18:27.230
again. I don't think I'll resume that. that practice
00:18:27.230 --> 00:18:29.890
other than it was kind of fun to conquer your
00:18:29.890 --> 00:18:31.589
fear and stand up in front of a room full of
00:18:31.589 --> 00:18:35.200
people. But I don't, it wasn't one of those situations
00:18:35.200 --> 00:18:37.960
where you saw just immediate success with it.
00:18:38.000 --> 00:18:41.500
And that scared you just too much traction. It
00:18:41.500 --> 00:18:46.960
also took up a lot of time and late night, right?
00:18:47.019 --> 00:18:50.059
Like I like to be in bed by nine o 'clock. Like
00:18:50.059 --> 00:18:54.640
I like to be asleep. Yeah, and you're prepping
00:18:54.640 --> 00:18:56.619
all your material and delivery and everything.
00:18:57.869 --> 00:19:00.990
And the club scene is a nighttime activity with
00:19:00.990 --> 00:19:04.069
adult beverages that wreck the morning. So it's,
00:19:04.069 --> 00:19:06.609
I think it's probably not going to, you're not
00:19:06.609 --> 00:19:08.029
going to see me do that again. All right, Hamish,
00:19:08.049 --> 00:19:10.069
let's keep going on with the news. Yeah, well,
00:19:10.569 --> 00:19:14.109
events. Yeah, sorry, events, thank you. Tell
00:19:14.109 --> 00:19:16.450
me about Witch's Brew. What is that? This one.
00:19:17.700 --> 00:19:20.240
This podcast is sponsored by House Einstein.
00:19:20.500 --> 00:19:22.960
We serve buyers and sellers in Colorado, focusing
00:19:22.960 --> 00:19:25.059
on Boulder, Denver, and several mountain resort
00:19:25.059 --> 00:19:27.380
towns, including Breckenridge and Winter Park.
00:19:27.799 --> 00:19:30.240
Our mission is simple, help you make a smarter
00:19:30.240 --> 00:19:33.319
real estate decision. You can learn more at houseeinstein
00:19:33.319 --> 00:19:35.779
.com or on our YouTube channel, where you'll
00:19:35.779 --> 00:19:38.119
find videos on neighborhoods, specific listings,
00:19:38.240 --> 00:19:44.960
and much, much more. I'm going to be honest with
00:19:44.960 --> 00:19:46.799
you listeners. I didn't look into it too deep.
00:19:46.880 --> 00:19:49.380
Hotel Boulderado is throwing a witcher's brew
00:19:49.380 --> 00:19:54.240
Halloween tea event. Apparently it's a timeless
00:19:54.240 --> 00:19:57.160
Boulderado tea tradition. It's an elegant afternoon
00:19:57.160 --> 00:19:59.480
tea in the heart of downtown Boulder. It is in
00:19:59.480 --> 00:20:02.900
the historic Hotel Boulderado building. Pretty
00:20:02.900 --> 00:20:05.039
sweet. Osmond and I had a client meeting there
00:20:05.039 --> 00:20:07.140
a while ago. It was my first time there. I quite
00:20:07.140 --> 00:20:12.440
liked that area. And it's got a... It's $65 for
00:20:12.440 --> 00:20:15.839
adults. So I'm imagining, yeah, you get a three
00:20:15.839 --> 00:20:19.940
-tiered tower and tea. So it's real tea time.
00:20:21.619 --> 00:20:24.759
So that could be really fun. Are people dressed
00:20:24.759 --> 00:20:27.940
up as witches? Is that what the deal is? You
00:20:27.940 --> 00:20:31.599
put this on here, Hamish. I know. It's like live
00:20:31.599 --> 00:20:34.619
learning. But no, there's nothing that necessarily
00:20:34.619 --> 00:20:37.700
seems... Okay, yeah, people are dressed up as
00:20:37.700 --> 00:20:41.500
witches. There you go. And it's adults, right?
00:20:41.559 --> 00:20:43.599
This is not for children. Yeah, there are kids
00:20:43.599 --> 00:20:45.900
tickets available, too. But all the pictures,
00:20:46.019 --> 00:20:48.799
you know, are shockingly adults. And during that,
00:20:48.799 --> 00:20:51.220
being that it's daytime, I don't think it's.
00:20:52.450 --> 00:20:56.069
Yeah, no kids allowed or like, you know, 21 plus.
00:20:56.150 --> 00:21:00.029
But this will be on October 25th. That's a Sunday
00:21:00.029 --> 00:21:02.650
at 11 o 'clock in the morning. So instead of
00:21:02.650 --> 00:21:05.269
your morning mimosas, have some witches brew
00:21:05.269 --> 00:21:08.930
Halloween tea. I do want to mention that this
00:21:08.930 --> 00:21:11.640
is Halloween witches, not. people that practice
00:21:11.640 --> 00:21:16.359
Wicca. Given that this is Boulder and there are
00:21:16.359 --> 00:21:19.519
people that actively practice Wicca as their
00:21:19.519 --> 00:21:24.079
faith. So no disrespect to you if that's what
00:21:24.079 --> 00:21:28.039
you do. But if you're into Halloween witchcraft
00:21:28.039 --> 00:21:32.990
and high tea and you are down for the Boulderado
00:21:32.990 --> 00:21:36.170
and want to hang out with other costumed witches,
00:21:36.269 --> 00:21:39.630
this sounds like kind of a quirky Boulder thing.
00:21:40.410 --> 00:21:43.710
Yeah. It could be fun. The towers look delicious.
00:21:43.750 --> 00:21:47.329
I'm looking at avocado and egg salad toast, little
00:21:47.329 --> 00:21:50.990
salmon bites and yummy sandwiches and things.
00:21:51.109 --> 00:21:54.150
So, yeah, I think it would be a lot of fun. And
00:21:54.150 --> 00:21:55.910
if you're Wiccan, you can go, too. It's okay.
00:21:56.569 --> 00:21:59.309
Avocado sandwiches are part of classic tea time,
00:21:59.430 --> 00:22:02.950
Hamish. Yeah. And millennials' favorite food.
00:22:03.609 --> 00:22:07.700
True. True. All right. So that's the boulder
00:22:07.700 --> 00:22:09.339
out of that. I think that got more time than
00:22:09.339 --> 00:22:11.339
it needed, but I'm happy to mention it, and I
00:22:11.339 --> 00:22:14.319
think that's a fun little event. This next one,
00:22:14.460 --> 00:22:16.640
Osman, if you aren't a fan of late nights, you
00:22:16.640 --> 00:22:19.180
have to go to the early show, the Rocky Horror
00:22:19.180 --> 00:22:21.859
Picture Show. There's one at 7 p .m., one at
00:22:21.859 --> 00:22:25.579
11 p .m., October 25th at the Boulder Theater.
00:22:26.160 --> 00:22:28.000
I've never actually, I think I might have seen
00:22:28.000 --> 00:22:30.700
the Rocky Horror Picture Show once. This is a
00:22:30.700 --> 00:22:35.400
live theater. Oh, no. Do you know about Rocky?
00:22:36.119 --> 00:22:38.619
Super cult following, right? Like ridiculous
00:22:38.619 --> 00:22:40.819
cult following for Rocky Horror Picture Show.
00:22:41.119 --> 00:22:43.660
And Tim Curry died this year. So it's going to
00:22:43.660 --> 00:22:46.980
be a zoo. People that haven't gone in years are
00:22:46.980 --> 00:22:50.200
going to want to go to commemorate his passing.
00:22:50.779 --> 00:22:54.660
And it is a cultural tradition across the world.
00:22:55.720 --> 00:22:58.220
It is a big deal. Although I suspect it's way
00:22:58.220 --> 00:22:59.799
more popular in the United States than anywhere
00:22:59.799 --> 00:23:02.799
else. But yeah, Rocky Horror Picture Show is...
00:23:03.230 --> 00:23:06.329
is quite the kitsch. You get dressed up in costume.
00:23:07.640 --> 00:23:14.180
You interact with the movie. So yeah, I think
00:23:14.180 --> 00:23:15.940
it could be a lot of fun. So there's also October
00:23:15.940 --> 00:23:19.460
25th at the Boulder Theater, two shows, 7 p .m.
00:23:19.460 --> 00:23:22.920
and 11 p .m. And I don't know if we'll be going
00:23:22.920 --> 00:23:25.380
because we'll be attending a wedding. So I think
00:23:25.380 --> 00:23:28.420
the answer is not going. But otherwise, I would
00:23:28.420 --> 00:23:29.680
totally be there because I think it would be
00:23:29.680 --> 00:23:34.109
so much fun to have It'll be wildly popular because
00:23:34.109 --> 00:23:37.539
of Tim Curry passing. I was in like the theater
00:23:37.539 --> 00:23:40.380
group in high school and they were just obsessed
00:23:40.380 --> 00:23:43.740
with Rocky Horror Picture Show. Really? Yeah.
00:23:43.859 --> 00:23:45.900
And knowing like the cult following just off
00:23:45.900 --> 00:23:49.579
of that and kind of the age group then, and then
00:23:49.579 --> 00:23:51.559
seeing it in Boulder, I can imagine it's just
00:23:51.559 --> 00:23:53.900
going to be, it's going to be like a party basically
00:23:53.900 --> 00:23:58.079
at the Boulder Theater. I think Rocky Horror
00:23:58.079 --> 00:24:01.000
might be one of these things that is just like,
00:24:02.009 --> 00:24:03.789
intergenerational it really surprises me that
00:24:03.789 --> 00:24:06.450
it was popular for your age bracket i was kind
00:24:06.450 --> 00:24:08.450
of surprised it was popular for mine because
00:24:08.450 --> 00:24:10.529
it was really something that i think grew out
00:24:10.529 --> 00:24:14.829
of the 70s yeah it's got this legendary what
00:24:14.829 --> 00:24:17.430
is it like godlike kind of presence behind it
00:24:17.430 --> 00:24:19.750
everybody is just the people that are in the
00:24:19.750 --> 00:24:23.549
rocky hole picture show just go for it so well
00:24:23.549 --> 00:24:25.789
we've got two more yeah two more to go ballot
00:24:25.789 --> 00:24:27.769
dates and these ones are a little bit more serious
00:24:27.769 --> 00:24:32.380
so um the voting centers open on Monday, October
00:24:32.380 --> 00:24:35.700
19th and sorry on October. Yeah. And then Monday,
00:24:35.759 --> 00:24:38.440
October 26th is their last day to register and
00:24:38.440 --> 00:24:41.900
still get a ballot by mail. And so if you are
00:24:41.900 --> 00:24:44.680
planning to vote in Boulder County elections,
00:24:44.839 --> 00:24:47.460
this is your warning shot across the bow that
00:24:47.460 --> 00:24:49.480
time's running out to get yourself registered
00:24:49.480 --> 00:24:52.279
and vote. And we're in a democracy people, please,
00:24:52.339 --> 00:24:55.720
please vote. And then the last, the last news
00:24:55.720 --> 00:24:59.069
item is C's. CU Lab Venture Challenge is happening
00:24:59.069 --> 00:25:02.509
at the Dairy. It's October 21st to 22nd, 6 to
00:25:02.509 --> 00:25:06.450
8, 30 p .m. Tickets are free. And think of this
00:25:06.450 --> 00:25:10.170
like Boulder's Shark Tank, where entrepreneurs
00:25:10.170 --> 00:25:14.710
pitch their new ideas and researchers also are
00:25:14.710 --> 00:25:17.190
there pitching their ideas and the ideas get
00:25:17.190 --> 00:25:19.910
vetted and discussed. And Boulder actually has
00:25:19.910 --> 00:25:24.670
a pretty long history of this, from Startup Weekend
00:25:24.670 --> 00:25:29.059
to Ignite. to the Boulder New Tech Meetup, which
00:25:29.059 --> 00:25:31.059
I don't know if it's still going. But for many
00:25:31.059 --> 00:25:33.000
years, I used to go to these things routinely.
00:25:33.460 --> 00:25:35.700
And I would definitely be at this one if it wasn't
00:25:35.700 --> 00:25:38.319
for a conflict on those dates. So great opportunity
00:25:38.319 --> 00:25:40.599
to check out some of the startup scene people
00:25:40.599 --> 00:25:43.619
who almost certainly will be in attendance. And
00:25:43.619 --> 00:25:46.799
that is, again, October 21st to 22nd, 6 to 8
00:25:46.799 --> 00:25:48.819
.30. Tickets are free, but you do need to sign
00:25:48.819 --> 00:25:50.779
up for them. And we'll put the link in the show
00:25:50.779 --> 00:25:54.569
notes. Be a lot of fun to... go in pretending
00:25:54.569 --> 00:25:57.130
to be a shark and like listening to the presentations
00:25:57.130 --> 00:25:59.730
as though you're ready to stake in money, you
00:25:59.730 --> 00:26:02.720
know, could be a fun date. That's pretty funny.
00:26:02.779 --> 00:26:05.579
Yeah. Go dress as a shark. I'll tell you that
00:26:05.579 --> 00:26:08.019
just reminded me of running the, um, the ultra
00:26:08.019 --> 00:26:11.640
marathon at burning man. And I didn't quite finish
00:26:11.640 --> 00:26:13.480
that. This is no, no, no, no. I had an ankle
00:26:13.480 --> 00:26:15.119
injury this year. Maybe next year I'll do it
00:26:15.119 --> 00:26:19.140
again. But I got, um, on my second lap, there
00:26:19.650 --> 00:26:21.769
were these people that were dressed as sharks.
00:26:23.009 --> 00:26:27.369
and drinking and hanging out. And they chased
00:26:27.369 --> 00:26:30.849
me. They chased the runners, which was hilarious.
00:26:31.109 --> 00:26:32.849
You're just kind of running your pace. And then
00:26:32.849 --> 00:26:35.069
suddenly out of the corner of your eye, you see
00:26:35.069 --> 00:26:37.569
somebody dressed as a shark staring at you and
00:26:37.569 --> 00:26:41.150
then starting to run at you. It's such a Burning
00:26:41.150 --> 00:26:42.769
Man moment. And then next thing you know, they're
00:26:42.769 --> 00:26:45.170
chasing you and laughing hysterically. And you
00:26:45.170 --> 00:26:47.190
can't help but laugh hysterically at being chased
00:26:47.190 --> 00:26:49.029
by a shark while you're doing an ultra marathon.
00:26:49.410 --> 00:26:52.990
So comment about dress like a shark. Good way
00:26:52.990 --> 00:26:55.960
to push through the walls. It resonates. Yeah,
00:26:56.039 --> 00:26:58.660
it resonates. Okay. That's at our dairy theater,
00:26:58.740 --> 00:27:01.599
because I think you already said that. The Dairy
00:27:01.599 --> 00:27:05.769
Arts Center. Yes. Yeah. Yeah, sorry. Okay, hot
00:27:05.769 --> 00:27:07.109
takes. Well, we're trying to run along. Yeah.
00:27:07.190 --> 00:27:08.730
We're going to chug along. We're going to do
00:27:08.730 --> 00:27:11.450
a fast pod this week because of this travel I'm
00:27:11.450 --> 00:27:13.809
doing. As you can tell, if you're watching, I'm
00:27:13.809 --> 00:27:16.190
in a van down by the river. Down by the river.
00:27:16.190 --> 00:27:18.730
And if this is successful, I think if we're happy
00:27:18.730 --> 00:27:21.450
with the quality of this pod, then we'll do longer
00:27:21.450 --> 00:27:23.470
form ones. It just was the timing this week has
00:27:23.470 --> 00:27:25.869
been a little crazy. So we'll do more of them
00:27:25.869 --> 00:27:28.769
because I like continuity in our podcast. I don't
00:27:28.769 --> 00:27:30.809
know if I wanted to be doing a podcast from Burning
00:27:30.809 --> 00:27:34.509
Man next year, but who knows? It might be possible.
00:27:35.029 --> 00:27:37.180
Paid access for that one. That way we're not
00:27:37.180 --> 00:27:40.519
straight to the public. You can't pay. You can't
00:27:40.519 --> 00:27:43.319
pay. Definitely free if it's being done from
00:27:43.319 --> 00:27:45.460
Burning Man. Nothing is... They could like Patreon.
00:27:46.380 --> 00:27:49.480
No, definitely not. Definitely not charging people.
00:27:49.759 --> 00:27:52.460
I don't know. I'm kind of tempted to set up like
00:27:52.460 --> 00:27:55.880
a fun scene if you're, you know, in a different
00:27:55.880 --> 00:27:58.640
spot next time and we can plan it or anticipate
00:27:58.640 --> 00:28:01.579
it. I might set up like recording from my backyard
00:28:01.579 --> 00:28:04.460
or something. I haven't even told people where
00:28:04.460 --> 00:28:08.980
I'm in New Mexico. I'm close to Taos. And there's
00:28:08.980 --> 00:28:11.460
amazing fly fishing here. It's really pretty.
00:28:11.619 --> 00:28:14.220
And I think leaves feel like they're close to
00:28:14.220 --> 00:28:18.460
peak. It's really, really scenic. That's gorgeous.
00:28:18.779 --> 00:28:21.680
All right. News. And I'm doing terrible with
00:28:21.680 --> 00:28:24.980
time codes today, but it's a short pod and transcripts
00:28:24.980 --> 00:28:28.500
will help me get the rest of them down. This
00:28:28.500 --> 00:28:32.400
first one, Lafayette approves. new festival short
00:28:32.400 --> 00:28:35.519
-term rental license ahead of the Sundance Film
00:28:35.519 --> 00:28:38.460
Festival, kind of on the back of the city of
00:28:38.460 --> 00:28:43.779
Boulder. I attended a seminar from the city of
00:28:43.779 --> 00:28:48.759
Boulder for landlords that discussed the festival
00:28:48.759 --> 00:28:51.180
short -term lodging license, I believe they called
00:28:51.180 --> 00:28:55.299
it. And my biggest takeaway was they hadn't decided
00:28:55.299 --> 00:28:58.900
anything yet, and it was all still in flux. This,
00:28:58.920 --> 00:29:02.400
for us, being in the property scene, raises kind
00:29:02.400 --> 00:29:06.220
of some confusion. And then, yeah, more confusion
00:29:06.220 --> 00:29:10.079
than anything. It's like you have now a lodging
00:29:10.079 --> 00:29:12.279
license, a short -term rental license, and a
00:29:12.279 --> 00:29:15.880
long -term rental license. And speaking more
00:29:15.880 --> 00:29:18.119
to the city of Boulder, you can have one but
00:29:18.119 --> 00:29:20.319
not the other. Or you can have two but not one.
00:29:20.579 --> 00:29:24.299
And it's just, I mean, Oz, where are you at on
00:29:24.299 --> 00:29:29.329
this? Where I'm at is that they always position
00:29:29.329 --> 00:29:32.250
or spin this type of thing as good for the community.
00:29:32.549 --> 00:29:35.150
But in practice, it really only catches the most
00:29:35.150 --> 00:29:39.150
egregious, unsafe housing situations, of which
00:29:39.150 --> 00:29:42.789
are a tiny fraction of the rentals. Can't argue
00:29:42.789 --> 00:29:45.730
with that either, right? I mean, the rental inventory
00:29:45.730 --> 00:29:49.410
in Boulder County, across the county, the vast
00:29:49.410 --> 00:29:53.019
majority of the properties are safe. And the
00:29:53.019 --> 00:29:56.599
inspections are very cursory anyway. So it's
00:29:56.599 --> 00:30:01.910
really a money grab by municipalities to look
00:30:01.910 --> 00:30:04.750
at ways they can monetize Sundance. And they
00:30:04.750 --> 00:30:07.930
can also monetize a business that previously
00:30:07.930 --> 00:30:13.549
they were not able to. to extract. Dip their
00:30:13.549 --> 00:30:17.410
hand in the pie. What's that scene in The Godfather?
00:30:17.549 --> 00:30:19.829
He just wants to dip his beak? Just let me dip
00:30:19.829 --> 00:30:22.569
my beak in this a little bit? I can't believe
00:30:22.569 --> 00:30:24.549
you haven't seen that movie. It's on my watch
00:30:24.549 --> 00:30:26.990
list. That's where the mob boss just wants to
00:30:26.990 --> 00:30:29.029
dip their beak in the revenue stream of a legit
00:30:29.029 --> 00:30:32.410
business. It's almost like a protection racket,
00:30:32.609 --> 00:30:34.289
right? And really all you're doing is protecting
00:30:34.289 --> 00:30:37.930
yourself from the city or the county or the state
00:30:37.930 --> 00:30:41.390
from harassing you. Because if you were... if
00:30:41.390 --> 00:30:43.710
you were keeping a safe property to begin with,
00:30:43.769 --> 00:30:45.930
how is this adding any value? You're just adding
00:30:45.930 --> 00:30:48.529
cost, which then you pass on to the tenants.
00:30:49.230 --> 00:30:51.490
So I don't know, maybe I'm sounding more like
00:30:51.490 --> 00:30:55.730
a libertarian every day. Although for the record,
00:30:55.809 --> 00:30:58.549
I'm independent. I just find it frustrating that
00:30:58.549 --> 00:31:02.309
it's spun as positive news. I'll say it, yeah.
00:31:03.809 --> 00:31:06.630
But really, do you think that, oh, go ahead.
00:31:06.970 --> 00:31:09.750
Go ahead. So the new permit costs $100, at least
00:31:09.750 --> 00:31:13.430
for Lafayette. And I think part of the technique
00:31:13.430 --> 00:31:16.210
to what you're saying is to make it not such
00:31:16.210 --> 00:31:19.730
a sting of a fine, but more of a fine, or not
00:31:19.730 --> 00:31:21.990
even a fine, sorry, the permit. To make the permit
00:31:21.990 --> 00:31:24.269
cost not so much of a sting, but more of like
00:31:24.269 --> 00:31:27.150
a fine, I'll pay it. And there's a game that
00:31:27.150 --> 00:31:29.809
I used to play where you manage a city, and there's
00:31:29.809 --> 00:31:33.710
a budget section. It's just a slider. No, City
00:31:33.710 --> 00:31:39.349
Skylines. There's a budget slider, and you adjust
00:31:39.349 --> 00:31:41.529
it, and if you go slightly over, the residents
00:31:41.529 --> 00:31:43.690
get pissed. But if you stay just underneath,
00:31:44.109 --> 00:31:46.210
they don't say anything, but you still make money.
00:31:46.769 --> 00:31:48.990
And I think that's what they're doing with the
00:31:48.990 --> 00:31:51.769
permit cost, right? Is they're just, you know,
00:31:51.789 --> 00:31:53.509
right where it's kind of a thorn in your side,
00:31:53.569 --> 00:31:55.670
but not quite enough for you to go completely
00:31:55.670 --> 00:32:01.950
up in arms. It's kind of a tact, yeah. I mean,
00:32:01.990 --> 00:32:05.109
I don't know. I just I hope I hope that we don't
00:32:05.109 --> 00:32:10.359
kill the golden goose when it comes to the how
00:32:10.359 --> 00:32:12.859
much. our community is willing to tolerate with
00:32:12.859 --> 00:32:14.960
the explosive growth of government spending.
00:32:15.539 --> 00:32:17.799
It really is just, it seems out of control to
00:32:17.799 --> 00:32:20.460
me. And it doesn't surprise me there's yet another
00:32:20.460 --> 00:32:23.940
way that they're dipping their beak and entering
00:32:23.940 --> 00:32:26.299
into private business and extracting revenue
00:32:26.299 --> 00:32:29.140
streams. On the contract to buy and sell, there
00:32:29.140 --> 00:32:31.440
is a checkbox that we continue to skip over because
00:32:31.440 --> 00:32:34.799
it doesn't apply. And that checkbox is for a
00:32:34.799 --> 00:32:37.970
transaction fee. um yeah that would go to the
00:32:37.970 --> 00:32:41.269
city or county oh no not not admin fees this
00:32:41.269 --> 00:32:45.720
is a this is a tax on transfer. And I think there's
00:32:45.720 --> 00:32:47.859
one community or two communities in Colorado.
00:32:48.039 --> 00:32:50.740
I think it might be Aspen that has it. It might
00:32:50.740 --> 00:32:52.400
be somewhere in Summit County, where basically
00:32:52.400 --> 00:32:54.779
there's a percentage that goes to the government
00:32:54.779 --> 00:32:56.859
every time there's a real estate transaction.
00:32:57.279 --> 00:32:59.539
And I saw this on Nantucket where I got started,
00:32:59.640 --> 00:33:01.700
and I can't remember what the percentage is,
00:33:01.779 --> 00:33:03.960
but it goes to the land bank. And the land bank
00:33:03.960 --> 00:33:07.619
buys property for conservation and also possibly
00:33:07.619 --> 00:33:10.119
for affordable housing. I think it's all conservation
00:33:10.119 --> 00:33:14.349
on Nantucket. this is, don't be surprised. And
00:33:14.349 --> 00:33:15.890
I keep telling my clients, like at some point,
00:33:15.950 --> 00:33:18.849
this is almost certainly that I'm not trying
00:33:18.849 --> 00:33:21.230
to give the city of Boulder ideas, but this is
00:33:21.230 --> 00:33:23.750
one way they can close that budget gap is to,
00:33:23.750 --> 00:33:26.690
man, there's a fly in here and I'm going to let
00:33:26.690 --> 00:33:28.309
it get out because it's gross. Get out of here.
00:33:28.569 --> 00:33:31.650
All right. To add the local transfer tax is a
00:33:31.650 --> 00:33:33.730
way to close the budget gap. Local transfer tax,
00:33:33.789 --> 00:33:35.710
right? Yeah. I mean, it seems kind of fitting
00:33:35.710 --> 00:33:38.369
that a fly is buzzing at my face while we're
00:33:38.369 --> 00:33:41.349
talking about the local transfer tax. So anyway,
00:33:41.470 --> 00:33:44.230
that's the news. Lafayette also has entered the
00:33:44.230 --> 00:33:48.289
game. And I'm glad to see that... I mean, I suspect
00:33:48.289 --> 00:33:50.230
that... I'm not glad to see that there's a rental
00:33:50.230 --> 00:33:52.450
tax, but I'm glad to see that people are considering
00:33:52.450 --> 00:33:55.789
renting their homes for Sundance, even as far
00:33:55.789 --> 00:33:57.930
as Lafayette, because we need it. We do need
00:33:57.930 --> 00:33:59.869
lots of short -term housing, and I don't think
00:33:59.869 --> 00:34:04.470
we have enough. And we'll see what happens. I
00:34:04.470 --> 00:34:08.150
mean, this year I expect it to be quite the show.
00:34:10.030 --> 00:34:13.539
Quite the... Quite the chaos happening for Sundance.
00:34:14.480 --> 00:34:17.760
There's another one in here. All right, New Mexico,
00:34:17.880 --> 00:34:19.800
come on. Get out of here. Get out of here. You
00:34:19.800 --> 00:34:21.920
can't bring them back across state lines. But
00:34:21.920 --> 00:34:24.860
one of the things I do remember from the seminar
00:34:24.860 --> 00:34:29.719
is it was like there's blood in the water. Sundance
00:34:29.719 --> 00:34:31.920
was announced, and everybody is like, how can
00:34:31.920 --> 00:34:34.440
we get some money out of this? How can we squeeze
00:34:34.440 --> 00:34:37.320
just a little bit more out? And that was, I think,
00:34:37.320 --> 00:34:41.579
we talked about a news article forever ago. about
00:34:41.579 --> 00:34:44.719
that and the kind of forecasted economic improvement
00:34:44.719 --> 00:34:48.639
and then the actual, um, so we'll see, right.
00:34:48.760 --> 00:34:52.800
The Sundance is next year, less than like about
00:34:52.800 --> 00:34:56.179
three months away. So I'm curious about it, but
00:34:56.179 --> 00:34:58.820
it's also, we were talking, I think it's something
00:34:58.820 --> 00:35:01.579
like 60 ,000 people are estimated to arrive.
00:35:01.719 --> 00:35:04.360
And, uh, that's over the course of a couple of
00:35:04.360 --> 00:35:08.900
months yet. We've seen what 40 weeks. Yeah. What,
00:35:09.000 --> 00:35:10.219
what do you mean a couple of months, a couple
00:35:10.219 --> 00:35:12.659
of months? No, the duration of the festival.
00:35:12.940 --> 00:35:17.599
Oh, yeah. It's 10 days, I think. Okay. So it's
00:35:17.599 --> 00:35:21.360
that amount of people, and then we've seen what
00:35:21.360 --> 00:35:23.260
that amount of people looks like in one day for
00:35:23.260 --> 00:35:25.800
the Boulder Boulder. And there's the whole question
00:35:25.800 --> 00:35:28.900
of hotels, there's not enough capacity, short
00:35:28.900 --> 00:35:31.900
-term rentals, Boulder's making it more complicated.
00:35:33.250 --> 00:35:37.030
So we'll see. I mean, I would plan to not get
00:35:37.030 --> 00:35:41.099
into any restaurants. And and what what Leah
00:35:41.099 --> 00:35:43.519
and I are joking about doing is bringing out
00:35:43.519 --> 00:35:46.340
our propane camping stove because and we're going
00:35:46.340 --> 00:35:48.469
to we're going to get to this. We're going to
00:35:48.469 --> 00:35:50.030
get to this later in the news. I mean, might
00:35:50.030 --> 00:35:52.650
as well go there now that this is the this was
00:35:52.650 --> 00:35:54.309
the Sunday. It's ticket packages are going on
00:35:54.309 --> 00:35:56.329
sale on Thursday. So by the time you're getting
00:35:56.329 --> 00:35:58.210
this podcast, you could buy tickets. And there's
00:35:58.210 --> 00:36:01.090
a great article in the Colorado Sun. And in it,
00:36:01.090 --> 00:36:02.929
it details that just because you have a ticket
00:36:02.929 --> 00:36:06.570
is not guaranteed entry. If you buy normal tickets,
00:36:06.670 --> 00:36:08.670
you might just be standing in line. And then
00:36:08.670 --> 00:36:10.429
they spin it as that's part of the excitement.
00:36:10.909 --> 00:36:13.309
Well, I don't know if that's exciting to go stand
00:36:13.309 --> 00:36:17.809
in line in winter, right? It's January. So what
00:36:17.809 --> 00:36:19.869
Leah and I are joking about doing is bringing
00:36:19.869 --> 00:36:22.610
our camping chairs and our portable propane tank.
00:36:23.789 --> 00:36:27.750
propane stove and marshmallows and handing out
00:36:27.750 --> 00:36:31.030
marshmallows and hanging out at the line and
00:36:31.030 --> 00:36:33.969
watching it. We'll just set up our... We're watching
00:36:33.969 --> 00:36:36.329
the sunset. We'll just sit there watching the
00:36:36.329 --> 00:36:40.269
line and having conversations with strangers.
00:36:40.690 --> 00:36:44.829
Maybe we'll hand out marshmallows or s'mores
00:36:44.829 --> 00:36:48.610
or something to the crowds to have fun with it.
00:36:48.829 --> 00:36:51.929
I was going to say, could we put a Hal Seinstein
00:36:52.329 --> 00:36:55.469
brand on the marshmallows like a hot poker i
00:36:55.469 --> 00:36:58.969
don't i don't need that i don't need to monetize
00:36:58.969 --> 00:37:01.510
everything we do that that's not necessary but
00:37:01.510 --> 00:37:05.210
cute that's a cute idea i like it yeah so hey
00:37:05.210 --> 00:37:08.969
um full festival express pass 7 500 bucks um
00:37:08.969 --> 00:37:11.809
seems like a pretty good deal for me might see
00:37:11.809 --> 00:37:13.630
if i can't get my credit limit increased and
00:37:13.630 --> 00:37:16.190
make that happen but if you are looking for just
00:37:16.190 --> 00:37:18.489
a single film ticket which may or may not grant
00:37:18.489 --> 00:37:22.309
you interest Entry, that's $37. Those single
00:37:22.309 --> 00:37:25.150
film tickets don't go on sale until January 8th,
00:37:25.150 --> 00:37:28.650
but that's right. October 15th, everything else
00:37:28.650 --> 00:37:32.909
goes for sale pretty much. Excellent. All right,
00:37:32.929 --> 00:37:39.079
let's move on. Yes. A judge has frozen BVSD's
00:37:39.079 --> 00:37:43.519
school closure plan. So last week, a judge paused
00:37:43.519 --> 00:37:45.840
the closures for Birch, Douglas, Flatirons, and
00:37:45.840 --> 00:37:49.019
Mesa Elementary while she decides on an injunction.
00:37:49.530 --> 00:37:52.389
with a ruling expected in about two weeks. And
00:37:52.389 --> 00:37:55.070
the case turns on the superintendent briefing
00:37:55.070 --> 00:37:58.269
board members in pairs and one -on -one before
00:37:58.269 --> 00:38:02.190
the plan went public. As you know, there's open
00:38:02.190 --> 00:38:06.750
meeting regulations in Colorado. And choice enrollment
00:38:06.750 --> 00:38:11.599
opens November 1st. So was this a way around
00:38:11.599 --> 00:38:13.760
the open meetings law and getting things done
00:38:13.760 --> 00:38:17.219
quickly? And now what's the impact of this judge's
00:38:17.219 --> 00:38:21.000
potential injunction? It could get messy. I mean,
00:38:21.019 --> 00:38:24.119
parents choosing to sue the school district.
00:38:26.760 --> 00:38:29.239
Ultimately, what do you expect the school district
00:38:29.239 --> 00:38:33.280
to do? This is a financing issue. What do you
00:38:33.280 --> 00:38:34.739
expect them to do with declining enrollment?
00:38:36.730 --> 00:38:40.690
It's kind of a semantical block from the judge,
00:38:40.849 --> 00:38:44.920
right? I mean, the board voted that way, whether
00:38:45.760 --> 00:38:48.889
it's disclosed or not or publicly. gone through
00:38:48.889 --> 00:38:51.610
the right channels i mean i think it should go
00:38:51.610 --> 00:38:52.889
through the right channels that's why i've got
00:38:52.889 --> 00:38:55.050
them there but the conclusion i think of the
00:38:55.050 --> 00:38:57.909
board and it's the same well you're saying what
00:38:57.909 --> 00:39:00.130
would that the violation of the state open meetings
00:39:00.130 --> 00:39:02.090
law is moot it would still result in the same
00:39:02.090 --> 00:39:04.130
vote and i i agree with you but let's bring this
00:39:04.130 --> 00:39:06.630
let's bring it back to the real estate side and
00:39:06.630 --> 00:39:08.349
i was just talking to someone who lives near
00:39:08.349 --> 00:39:13.659
flat irons and His concern is that BVSD is going
00:39:13.659 --> 00:39:15.820
to sell that property. And what's going to happen
00:39:15.820 --> 00:39:17.699
to it? Well, likely it's going to be developed
00:39:17.699 --> 00:39:22.119
into student housing because that area is rife
00:39:22.119 --> 00:39:25.920
with students and it's very close to CU. So they
00:39:25.920 --> 00:39:31.800
may be the target audience or customer for housing
00:39:31.800 --> 00:39:34.079
product there. And that housing product will
00:39:34.079 --> 00:39:37.719
be negatively impactful on the rest of the neighbors
00:39:37.719 --> 00:39:40.230
because you have a bunch of... college students
00:39:40.230 --> 00:39:43.090
living there and i don't i i don't i i don't
00:39:43.090 --> 00:39:46.650
blame him for that potential happening but cu
00:39:46.650 --> 00:39:48.869
is also bringing online thousands of units in
00:39:48.869 --> 00:39:52.309
the next five to ten years so the highest and
00:39:52.309 --> 00:39:54.570
best use of that property could also be duplexes
00:39:54.570 --> 00:39:57.750
and triplexes because i'm pretty sure there's
00:39:57.750 --> 00:40:00.039
a bus that goes up and down ninth street And
00:40:00.039 --> 00:40:02.380
that means it might be within that distance from
00:40:02.380 --> 00:40:04.519
a transit corridor, so allowing for higher density
00:40:04.519 --> 00:40:07.619
housing. But will it be students? I don't entirely
00:40:07.619 --> 00:40:10.699
know for sure. I think that if you're wise, you
00:40:10.699 --> 00:40:12.559
may not want to develop more student -oriented
00:40:12.559 --> 00:40:16.099
housing because of the saturation of new development
00:40:16.099 --> 00:40:18.099
that's coming. You might be better off building
00:40:18.099 --> 00:40:19.659
something that's aimed at young professionals
00:40:19.659 --> 00:40:24.920
or retirees or another demographic which is underserved.
00:40:25.039 --> 00:40:30.380
And the nice adult... attached dwelling market
00:40:30.380 --> 00:40:32.960
is really underserved in boulder there's stuff
00:40:32.960 --> 00:40:35.440
at the very high end and there's kind of a little
00:40:35.440 --> 00:40:37.360
bit of mid -market and then the rest that's true
00:40:37.360 --> 00:40:41.360
is kind of beat up and old and has a very high
00:40:41.360 --> 00:40:43.320
no this location isn't really lending itself
00:40:43.320 --> 00:40:48.179
to i'm at my point smooth i think um this far
00:40:48.179 --> 00:40:51.400
into the news of the bvst school district but
00:40:51.400 --> 00:40:55.760
it's still like these facilities schools aren't
00:40:55.760 --> 00:40:58.389
getting any cheaper to make They're not getting
00:40:58.389 --> 00:41:00.630
any cheaper to acquire, to develop, all these
00:41:00.630 --> 00:41:02.789
things. And just selling the land and selling
00:41:02.789 --> 00:41:06.130
the buildings themselves is a mind -bogglingly
00:41:06.130 --> 00:41:12.250
interesting long play. That's at least my take
00:41:12.250 --> 00:41:15.010
on it. I don't know if they ran the numbers for
00:41:15.010 --> 00:41:20.630
maintaining vacant buildings or what other options
00:41:20.630 --> 00:41:22.309
they could have done to at least keep the land.
00:41:22.530 --> 00:41:27.730
But yeah, anything's for sale at the price. you
00:41:27.730 --> 00:41:33.480
know for the right price i don't know the legality
00:41:33.480 --> 00:41:38.639
of what they can do or can't do but i but historically
00:41:38.639 --> 00:41:41.059
they have sold off their properties like the
00:41:41.059 --> 00:41:44.679
washington village school was sold off and became
00:41:44.679 --> 00:41:47.559
initially co -housing and is no longer co -housing.
00:41:47.699 --> 00:41:50.980
The building got to stand at least. At least
00:41:50.980 --> 00:41:53.519
that historic, beautiful building was retained
00:41:53.519 --> 00:41:56.480
and turned into condos, which was inordinately
00:41:56.480 --> 00:42:00.280
expensive and also had lawsuits involved. Fun
00:42:00.280 --> 00:42:01.840
story, I got to play hide -and -seek in that
00:42:01.840 --> 00:42:04.400
building before it was done. They had been gutted
00:42:04.400 --> 00:42:08.610
and construction was underway and one of the
00:42:08.610 --> 00:42:13.329
contractors got us in to play an adult game of
00:42:13.329 --> 00:42:15.190
hide -and -go -seek right before Halloween. It
00:42:15.190 --> 00:42:17.269
was a lot of fun. This is a long time ago. That
00:42:17.269 --> 00:42:18.769
would be so much fun. Before there was anybody
00:42:18.769 --> 00:42:21.989
in the building. It was spooky, actually. Oh,
00:42:22.030 --> 00:42:24.869
yeah. An old historic building, kind of creaky
00:42:24.869 --> 00:42:27.949
and everything. All the kids that went through
00:42:27.949 --> 00:42:30.349
there. But, yeah, I don't understand what's like...
00:42:30.349 --> 00:42:32.269
I don't understand the mandate and limits of
00:42:32.269 --> 00:42:34.590
BVSD, but historically they have sold off these
00:42:34.590 --> 00:42:36.570
properties, and there's nothing particularly
00:42:36.570 --> 00:42:39.610
elegant or... architecturally interesting about
00:42:39.610 --> 00:42:42.150
the Flatirons Elementary School. So likely it's
00:42:42.150 --> 00:42:44.489
going to get bulldozed and deconstructed and
00:42:44.489 --> 00:42:47.050
you'll see something else there. Well, what is
00:42:47.050 --> 00:42:49.949
the most likely use of it? I mean, it could be
00:42:49.949 --> 00:42:55.590
subdivided into private lots or it could be developed
00:42:55.590 --> 00:42:59.699
as a big attached dwelling, a condo building,
00:42:59.780 --> 00:43:02.679
or it could be triplexes and duplexes. But something's
00:43:02.679 --> 00:43:05.019
going to happen there and all of the neighbors...
00:43:05.500 --> 00:43:07.760
should be aware of it. And anybody that we advise
00:43:07.760 --> 00:43:10.139
buying in that neighborhood should be aware that
00:43:10.139 --> 00:43:13.340
it's changing. And that quiet map, that noise
00:43:13.340 --> 00:43:16.559
map, which shows it getting really quiet when
00:43:16.559 --> 00:43:19.500
you go west of 9th, 9th is going to change too.
00:43:19.559 --> 00:43:22.000
If you have lots of students or even other young
00:43:22.000 --> 00:43:24.320
people living there, it's going to change. Boulder
00:43:24.320 --> 00:43:28.039
is not locked in amber. It is changing faster
00:43:28.039 --> 00:43:30.440
than I could have ever imagined. And what we
00:43:30.440 --> 00:43:32.719
seem to be building the most of is apartment
00:43:32.719 --> 00:43:37.179
buildings. Boy, we could go on about that too.
00:43:37.800 --> 00:43:40.809
But in the interest of time... Let's move on.
00:43:41.550 --> 00:43:44.730
Yes. Okay, so let's go back to... We're going
00:43:44.730 --> 00:43:46.530
to talk about San Lazaro. And I'm going to read
00:43:46.530 --> 00:43:48.710
this again in case you didn't... You didn't catch
00:43:48.710 --> 00:43:50.289
it the first time. And I'm going to also finish
00:43:50.289 --> 00:43:52.590
it. I'm going to read two points from this Reddit
00:43:52.590 --> 00:43:55.670
user, and I think he is spot on. This is Jeff
00:43:55.670 --> 00:43:57.710
in Boulder. Am I the only one questioning the
00:43:57.710 --> 00:44:00.670
supposed $42 .5 million offer for San Lazaro?
00:44:01.070 --> 00:44:03.309
That's nearly $200 ,000 per mobile home site,
00:44:03.369 --> 00:44:05.289
seemingly far above what comparable parks have
00:44:05.289 --> 00:44:07.630
sold for. The owners claim to have an offer at
00:44:07.630 --> 00:44:09.210
their full asking price from an unidentified
00:44:09.210 --> 00:44:11.929
buyer, but has anyone actually seen or independently
00:44:11.929 --> 00:44:14.619
verified the offer? Who is the buyer? What are
00:44:14.619 --> 00:44:16.380
the contingencies? And is there any evidence
00:44:16.380 --> 00:44:18.880
they could actually close? The timing and secrecy
00:44:18.880 --> 00:44:20.840
seem awfully convenient when the alternative
00:44:20.840 --> 00:44:23.599
is getting the city, county and taxpayers to
00:44:23.599 --> 00:44:27.000
finance a purchase at the same price. I'm all
00:44:27.000 --> 00:44:28.760
for preserving affordable housing, but I'd like
00:44:28.760 --> 00:44:31.260
to see some independent valuation and verification
00:44:31.260 --> 00:44:34.059
that this is a legitimate market price rather
00:44:34.059 --> 00:44:36.500
than an inflated asking price that public money
00:44:36.500 --> 00:44:39.440
is now being assembled to meet. And then later
00:44:39.440 --> 00:44:42.469
on, he writes. Under current Colorado law, the
00:44:42.469 --> 00:44:44.710
seller must disclose the price in terms to residents,
00:44:44.969 --> 00:44:46.849
but can keep the buyer's identity confidential.
00:44:47.250 --> 00:44:49.730
Here's an interesting wrinkle, though. Colorado
00:44:49.730 --> 00:44:54.489
just passed House Bill 26 -1224, effective January
00:44:54.489 --> 00:44:59.170
1st, 2027, which specifically prohibits collusion
00:44:59.170 --> 00:45:02.590
to inflate mobile home park sale prices and requires
00:45:02.590 --> 00:45:04.769
disclosure of the buyer's beneficial owners,
00:45:05.030 --> 00:45:08.170
financing an unredacted purchase agreement to
00:45:08.170 --> 00:45:10.760
qualifying resident groups. or government authorities
00:45:10.760 --> 00:45:14.719
upon request, San Lazaro's anonymous $42 .5 million
00:45:14.719 --> 00:45:18.239
offer surfaced in August after the law was signed,
00:45:18.340 --> 00:45:20.739
and the residence purchase deadline is December
00:45:20.739 --> 00:45:24.539
8th, just weeks before it takes effect. Not evidence
00:45:24.539 --> 00:45:27.940
of wrongdoing, but interesting timing, given
00:45:27.940 --> 00:45:31.139
that the new law addresses precisely these transparency
00:45:31.139 --> 00:45:35.210
concerns. I guess, real quick, up to speed, San
00:45:35.210 --> 00:45:38.849
Lazaro's a low -mobile home park. In Boulder,
00:45:39.010 --> 00:45:41.210
just for our international students. It's next
00:45:41.210 --> 00:45:44.489
to Belmont. It's northeast Boulder. It's a pretty
00:45:44.489 --> 00:45:47.809
sizable lot. And my understanding is the price,
00:45:47.949 --> 00:45:52.070
supposedly this offer is more than double the
00:45:52.070 --> 00:45:56.030
highest number ever paid in Colorado or in Boulder
00:45:56.030 --> 00:45:59.929
for a mobile home park. It's a huge amount of
00:45:59.929 --> 00:46:03.590
money. And look, I agree. I'm all for preserving
00:46:03.590 --> 00:46:07.980
affordable housing too. Mobile homes are typically
00:46:07.980 --> 00:46:12.880
obsolete, energy inefficient, and take up a lot
00:46:12.880 --> 00:46:15.760
of land that could otherwise support higher density.
00:46:15.980 --> 00:46:18.440
And you see what's going on with the Ponderosa
00:46:18.440 --> 00:46:20.579
mobile park on the west side of Boulder. The
00:46:20.579 --> 00:46:24.119
city bought it and is putting in place new modular
00:46:24.119 --> 00:46:27.400
housing that is being built in the factory. It's
00:46:27.400 --> 00:46:30.449
costing Boulder taxpayers a lot of money. But
00:46:30.449 --> 00:46:32.570
we have mandated affordable housing goals, and
00:46:32.570 --> 00:46:34.949
we do want to try to preserve what we have. But
00:46:34.949 --> 00:46:37.250
preserving mobile homes, I know that there's
00:46:37.250 --> 00:46:40.349
a lot of emotions around this. I know that people
00:46:40.349 --> 00:46:42.610
have lived there for decades, and they want to
00:46:42.610 --> 00:46:46.530
keep living there. But it's also private land,
00:46:46.630 --> 00:46:49.789
and it's leased, right? The land is typically
00:46:49.789 --> 00:46:53.289
leased to the mobile home owner. So it's a crappy
00:46:53.289 --> 00:46:56.010
structure, but it's often what people can afford
00:46:56.010 --> 00:46:59.159
to be able to live in Boulder. How do we balance
00:46:59.159 --> 00:47:01.820
these interests? That's where I'm at. These are
00:47:01.820 --> 00:47:04.159
Boulder residents. So it's kind of difficult
00:47:04.159 --> 00:47:06.619
to... I had a hard time reading that on Reddit.
00:47:06.840 --> 00:47:09.599
They're not city of Boulder residents. They are
00:47:09.599 --> 00:47:11.780
Boulder County residents. And the annexation
00:47:11.780 --> 00:47:13.980
is a big deal. It's a big piece of this. Totally.
00:47:15.400 --> 00:47:19.159
They live in Boulder. You draw the Boulder proper
00:47:19.159 --> 00:47:22.400
map, they're fitting in there. We can go on technicalities.
00:47:22.519 --> 00:47:27.539
But they live and breathe. And work here. And
00:47:27.539 --> 00:47:30.519
their kids go to schools here. I had a hard time
00:47:30.519 --> 00:47:32.260
reading that because he's like, I'm not anti
00:47:32.260 --> 00:47:34.179
-affordable housing or something. And I was like,
00:47:34.260 --> 00:47:36.380
what do you mean? Because it raises a representation
00:47:36.380 --> 00:47:39.500
question, which is, we've talked about this a
00:47:39.500 --> 00:47:42.579
lot, is the other offer fake? The seller is kind
00:47:42.579 --> 00:47:45.880
of threatening the sale of the property at a
00:47:45.880 --> 00:47:48.420
price that they have not disclosed any of the
00:47:48.420 --> 00:47:51.880
stuff. And so you've got the residents of San
00:47:51.880 --> 00:47:54.619
Lazaro scrambling to try and get funding together.
00:47:57.260 --> 00:48:04.030
Just very strange. The initial part of that Reddit
00:48:04.030 --> 00:48:07.110
post read very pro -San Lazaro. Because it is
00:48:07.110 --> 00:48:10.690
like, come up with this money or go, and I'm
00:48:10.690 --> 00:48:12.989
not going to show you the proof that I have this
00:48:12.989 --> 00:48:17.309
money or that this offer is actually real. And
00:48:17.309 --> 00:48:21.639
then we were talking about, it shows a $1 .3
00:48:21.639 --> 00:48:24.980
million city loan, but possibly $8 to $10 million
00:48:24.980 --> 00:48:27.800
in utility hookups. Well, we've covered this
00:48:27.800 --> 00:48:31.079
before, too, with some other parts of unincorporated
00:48:31.079 --> 00:48:33.579
Boulder that now have roads failing. And it was
00:48:33.579 --> 00:48:35.820
written into their CC &Rs that they were responsible
00:48:35.820 --> 00:48:38.639
for the maintenance there. And they were super
00:48:38.639 --> 00:48:43.099
upset. Well, it's in the CC &Rs. They're not
00:48:43.099 --> 00:48:44.800
getting bailed out by the city of Boulder either,
00:48:44.840 --> 00:48:47.139
but those are affluent owners for the most part,
00:48:47.260 --> 00:48:50.780
not people at the other end of the pay scale.
00:48:51.039 --> 00:48:53.800
And how do we know the other offer isn't fake?
00:48:54.989 --> 00:48:57.230
And why would they not disclose it? Why would
00:48:57.230 --> 00:49:01.210
they not show their cards? I think there's a
00:49:01.210 --> 00:49:04.090
really high probability the other offer, based
00:49:04.090 --> 00:49:08.190
on the timing alone, is not legitimate. And I'm
00:49:08.190 --> 00:49:11.110
just reminded by what I grew up hearing whenever
00:49:11.110 --> 00:49:15.650
I wanted something that was expensive or even
00:49:15.650 --> 00:49:19.010
not expensive. And my dad would just say, I'm
00:49:19.010 --> 00:49:22.289
sorry, we're not buying that. We can't afford
00:49:22.289 --> 00:49:26.199
it. Or I can't afford it. And $42 million, the
00:49:26.199 --> 00:49:28.719
city of Boulder can't afford it. We can't even
00:49:28.719 --> 00:49:31.219
afford to annex it because the cost for the infrastructure
00:49:31.219 --> 00:49:33.619
doesn't pay for itself. There's a reason that
00:49:33.619 --> 00:49:35.900
when there's new development, there are metro
00:49:35.900 --> 00:49:38.400
tax districts that are established to pay for
00:49:38.400 --> 00:49:42.480
the cost for the infrastructure. I think the
00:49:42.480 --> 00:49:44.860
city is in the hole financially. I can't believe
00:49:44.860 --> 00:49:46.820
the county said that it's going to throw in $11
00:49:46.820 --> 00:49:49.659
.5 million. And I don't even understand where
00:49:49.659 --> 00:49:52.119
the $1 .3 million is coming from. Some linkage
00:49:52.119 --> 00:49:55.590
to Alpine Balsam. That we're now willing to spend...
00:49:55.590 --> 00:49:58.570
I think it's time to say we can't afford that.
00:49:59.030 --> 00:50:01.849
And let's circle back in January. Yes, could
00:50:01.849 --> 00:50:04.150
jump in, please. Personally, I'm cool with 1
00:50:04.150 --> 00:50:06.889
.3. Like, right? Boulder's on a half a billion...
00:50:06.889 --> 00:50:09.829
Yeah, half a billion dollar budget. Like, insane.
00:50:10.719 --> 00:50:13.860
I get that it's a lot of money. And it comes
00:50:13.860 --> 00:50:18.500
out to... What was it? Well, the total $43 million
00:50:18.500 --> 00:50:20.719
purchase price of San Lazaro comes out to like
00:50:20.719 --> 00:50:25.119
$200K per trailer. Per lot. Per lot. Per lot.
00:50:25.320 --> 00:50:29.280
Okay. Don't forget, I don't know if the trailers
00:50:29.280 --> 00:50:32.019
would stay or we would do another Ponderosa -style
00:50:32.019 --> 00:50:33.940
deal where we would start to move the residents
00:50:33.940 --> 00:50:36.179
out, give them an option to purchase what's being
00:50:36.179 --> 00:50:39.360
built, help them with financing. All that type
00:50:39.360 --> 00:50:42.050
of structure could be done. I guess here's the
00:50:42.050 --> 00:50:44.630
thing, too. If the residents pull together and
00:50:44.630 --> 00:50:47.269
they're able to buy San Lazaro, Boulder's offering
00:50:47.269 --> 00:50:51.039
a loan. The only instance in which the loan would
00:50:51.039 --> 00:50:53.320
be forgiven is if the park annexes into Boulder.
00:50:54.389 --> 00:50:57.230
And that's when the $8 to $10 million in hookups
00:50:57.230 --> 00:51:00.280
comes up. So they could stay unincorporated if
00:51:00.280 --> 00:51:02.579
the residents band together and buy it and then
00:51:02.579 --> 00:51:08.789
still pay off that $1 .3 million loan. Part of
00:51:08.789 --> 00:51:10.670
it is there's the Boulder Reporting Lab saying
00:51:10.670 --> 00:51:12.949
that they still need $30 million. I didn't get
00:51:12.949 --> 00:51:16.429
that far into it, and I'm not going to go through
00:51:16.429 --> 00:51:21.269
the whole offer deals. For Boulder to make a
00:51:21.269 --> 00:51:23.670
loan, that doesn't sound like the worst thing.
00:51:24.230 --> 00:51:25.889
I don't understand what you're pointing. You
00:51:25.889 --> 00:51:29.739
think the $1 .3 million is insignificant? In
00:51:29.739 --> 00:51:31.840
the grander scheme, especially for what's at
00:51:31.840 --> 00:51:36.969
stake, right? Okay. I mean, yeah, I'm not against
00:51:36.969 --> 00:51:39.730
the $1 .3 million, although I'm concerned about
00:51:39.730 --> 00:51:42.619
how it's linked to Alpine Balsam, but I... My
00:51:42.619 --> 00:51:44.699
biggest concern is the overall ticket price.
00:51:44.880 --> 00:51:47.639
It's not the $1 .3 million. And I'm not against
00:51:47.639 --> 00:51:49.780
preserving affordable housing. It's just that
00:51:49.780 --> 00:51:52.920
you have to face reality. It's not just buy the
00:51:52.920 --> 00:51:54.820
mobile home park and never have to look at it
00:51:54.820 --> 00:51:57.059
again or deal with it. It has infrastructure
00:51:57.059 --> 00:52:01.639
needs. But only if it's annexed. You think the
00:52:01.639 --> 00:52:03.579
infrastructure in this mobile home park is perfectly
00:52:03.579 --> 00:52:06.539
fine? Well, that's the point I'm making is...
00:52:06.730 --> 00:52:09.250
Right, like San Lazaro's unincorporated and managing
00:52:09.250 --> 00:52:11.789
its own infrastructure currently. So typically
00:52:11.789 --> 00:52:14.349
these mobile home parks have decaying infrastructure.
00:52:14.929 --> 00:52:17.929
For sure. Their water and sewage systems have
00:52:17.929 --> 00:52:21.590
a lot of problems. And that's been a consistent
00:52:21.590 --> 00:52:24.750
theme. So it's still going to be a future problem,
00:52:24.909 --> 00:52:28.190
whoever owns this park. For sure. And still back
00:52:28.190 --> 00:52:32.489
on the representation thing and the whole fraud
00:52:32.489 --> 00:52:35.929
bit, is it's like before City of Boulder cuts,
00:52:36.489 --> 00:52:38.849
any loan it should we should be doing the due
00:52:38.849 --> 00:52:42.130
diligence to make sure um that the other offer
00:52:42.130 --> 00:52:46.309
is legitimate to even begin with um but yeah
00:52:46.309 --> 00:52:49.869
i'm like the whole if the park annexes into boulder
00:52:49.869 --> 00:52:52.349
and it's very possible that um the residents
00:52:52.349 --> 00:52:55.809
decide not to if they own it then again if they
00:52:55.809 --> 00:52:59.730
decide to annex into it um yeah who is responsible
00:52:59.730 --> 00:53:01.489
for the eight to ten million dollars in hookups
00:53:01.929 --> 00:53:04.469
It's it's it's not you're fixated on these small
00:53:04.469 --> 00:53:06.969
numbers. And I'm thinking like Alpine Balsam
00:53:06.969 --> 00:53:11.960
with city council purchasing that without a proper
00:53:11.960 --> 00:53:13.960
process and without doing their due diligence
00:53:13.960 --> 00:53:18.760
and ending up with a boondoggle that costs twice
00:53:18.760 --> 00:53:22.079
more than they thought it would ever cost. And
00:53:22.079 --> 00:53:24.480
we're still just trying to discover what it really
00:53:24.480 --> 00:53:26.960
costs. That white paper illustrated a lot of
00:53:26.960 --> 00:53:29.719
the cost overruns. And here we are again with
00:53:29.719 --> 00:53:31.920
the city, the municipalities who are not, frankly,
00:53:31.960 --> 00:53:35.199
qualified to do the due diligence and are ready
00:53:35.199 --> 00:53:37.800
to indebt us to, they think, $40 million. But
00:53:37.800 --> 00:53:39.400
by the time it's said and done, it could be $80
00:53:39.400 --> 00:53:41.329
million because we don't know what we're getting
00:53:41.329 --> 00:53:43.559
into. The city is not paying $40. It doesn't
00:53:43.559 --> 00:53:45.159
matter who's paying for it, Hamish. The point
00:53:45.159 --> 00:53:48.000
is it's being purchased for it's the 11 by the
00:53:48.000 --> 00:53:50.619
county, however much comes from the city. But
00:53:50.619 --> 00:53:52.860
they're looking for the public taxpayer to fund
00:53:52.860 --> 00:53:55.139
it. That's the issue I have is that it's not
00:53:55.139 --> 00:53:57.739
being purchased privately by San Lazaro residents.
00:53:57.900 --> 00:54:00.360
They're looking for the municipal government
00:54:00.360 --> 00:54:02.659
to step in and help them purchase it. And we
00:54:02.659 --> 00:54:04.920
can't we shouldn't be doing that without thorough
00:54:04.920 --> 00:54:07.179
due diligence and especially shouldn't be doing
00:54:07.179 --> 00:54:11.309
that on the basis of a of a non -transparent
00:54:11.309 --> 00:54:16.190
bidder. that we supposedly believe is real. Yeah,
00:54:16.289 --> 00:54:18.949
and I think I'm agreeing with you because of
00:54:18.949 --> 00:54:21.750
due diligence on the city side. Well, I disagree
00:54:21.750 --> 00:54:25.210
that we don't have the money because 1 .3, and
00:54:25.210 --> 00:54:27.289
especially on a loan term with interest and everything,
00:54:27.429 --> 00:54:30.170
I could imagine Boulder could swing that. But
00:54:30.170 --> 00:54:33.409
if Boulder were to finance anything, a dollar,
00:54:33.590 --> 00:54:35.809
they should be doing their due diligence to make
00:54:35.809 --> 00:54:39.769
sure that they're not getting fleeced. And that's
00:54:39.769 --> 00:54:42.130
the point I really, like, I think we're agreeing
00:54:42.130 --> 00:54:46.210
on is that, especially on the back of Alpine
00:54:46.210 --> 00:54:49.989
Balsam and how over -cost that went, they should
00:54:49.989 --> 00:54:52.449
not just be writing blank checks, even if it's
00:54:52.449 --> 00:54:55.110
only 1 .3. Okay. So we're on the same page. But
00:54:55.110 --> 00:54:56.710
I don't know if you're aware, but in the past,
00:54:56.710 --> 00:55:00.789
cities and counties in Boulder have rezoned mobile
00:55:00.789 --> 00:55:03.210
home parks when they realized that it could potentially
00:55:03.210 --> 00:55:06.449
change hands. They have rezoned it to only allow
00:55:06.449 --> 00:55:09.380
for mobile home parks. And I bet you. That's
00:55:09.380 --> 00:55:12.440
probably not far off. So like I completely get
00:55:12.440 --> 00:55:15.699
your down the line thinking and yeah. First things
00:55:15.699 --> 00:55:19.019
first for me, this offer feels fishy, right?
00:55:19.780 --> 00:55:21.300
Okay. We're on the same. I think we're on the
00:55:21.300 --> 00:55:23.960
same page. I think we've covered this one. And
00:55:23.960 --> 00:55:29.659
we can move on from this highly suspect deal
00:55:29.659 --> 00:55:31.980
to another highly suspect deal, which is Netherlands
00:55:31.980 --> 00:55:36.880
is still trying to spend $120 million on Eldora.
00:55:37.059 --> 00:55:39.800
And this is a community with a budget of roughly
00:55:39.800 --> 00:55:44.380
$3 million looking to spend $120 million by using
00:55:44.380 --> 00:55:47.139
the revenue streams from Eldora and extremely
00:55:47.139 --> 00:55:51.320
expensive bonds at 8 .5%. And meanwhile, the
00:55:51.320 --> 00:55:52.960
town manager who was behind behind the plan,
00:55:53.059 --> 00:55:59.610
just quit. So, boy. And they're looking for the
00:55:59.610 --> 00:56:02.510
state to show up with some cash to help Netherlands
00:56:02.510 --> 00:56:05.230
do it. I saw the article for that. And look,
00:56:05.289 --> 00:56:07.449
I think this is not the business of government
00:56:07.449 --> 00:56:13.440
is to own a ski resort. I think the highest and
00:56:13.440 --> 00:56:16.719
best use is likely to allow it to continue to
00:56:16.719 --> 00:56:19.989
be in private hands. with entities that do their
00:56:19.989 --> 00:56:22.250
due diligence before they buy something, build
00:56:22.250 --> 00:56:25.389
financial models on valuations that make sense.
00:56:25.710 --> 00:56:32.110
And this valuation in a world of changing climate
00:56:32.110 --> 00:56:36.929
and questionable competency in managing it, I
00:56:36.929 --> 00:56:40.630
think the answer is for the town of Nederland
00:56:40.630 --> 00:56:44.449
to back down and let it go back to market. And
00:56:44.449 --> 00:56:47.190
I would not be surprised if it does. the price
00:56:47.190 --> 00:56:50.969
is far lower because it's a lot of money for
00:56:50.969 --> 00:56:56.210
a very small ski resort. And it has greater value
00:56:56.210 --> 00:57:00.050
to the town of Nederland than it might to other
00:57:00.050 --> 00:57:02.190
private buyers. So I would not be surprised if
00:57:02.190 --> 00:57:04.670
the price is far lower if it's a different buyer.
00:57:04.829 --> 00:57:09.210
It seems like the gig is up. to overcharge municipalities
00:57:09.210 --> 00:57:13.030
for acquisitions. And it's spun as a once in
00:57:13.030 --> 00:57:15.289
a lifetime opportunity to control the parcel.
00:57:15.369 --> 00:57:18.329
But in reality, it ends up being completely mismanaged.
00:57:18.329 --> 00:57:22.340
And we as taxpayers radically overpay. So the
00:57:22.340 --> 00:57:24.559
answer is don't do it. Let it, let the deal fall
00:57:24.559 --> 00:57:28.739
apart. I'm thinking about this, uh, town manager
00:57:28.739 --> 00:57:31.840
that just skipped, you know, it's basically like,
00:57:31.920 --> 00:57:36.510
Oh, I'm out. Um, I, I'm not privy to how Nederland
00:57:36.510 --> 00:57:40.150
does their finances. Obvious disclosure. But
00:57:40.150 --> 00:57:45.369
I wonder how much of their proposed income was
00:57:45.369 --> 00:57:49.170
that mall that burned down or how much of their
00:57:49.170 --> 00:57:51.570
expected income. I'm sure there's a lot of revenue
00:57:51.570 --> 00:57:55.719
that doesn't have much. Yeah. I'm just I think
00:57:55.719 --> 00:57:59.400
this is Carl Icahn, who has a business practice
00:57:59.400 --> 00:58:02.599
that if he's in an acquisition deal and he is
00:58:02.599 --> 00:58:05.769
told there's a competing offer coming in. And
00:58:05.769 --> 00:58:08.250
he has not sealed his deal yet, right? He's just
00:58:08.250 --> 00:58:10.269
being told, hey, there's a competing offer. So
00:58:10.269 --> 00:58:12.110
if you really want this place or want this deal,
00:58:12.170 --> 00:58:14.690
it's going to be this number. He backs out immediately.
00:58:16.030 --> 00:58:18.429
He makes it clear that that's not a game he's
00:58:18.429 --> 00:58:21.710
playing. Go for the competing offer. And that's
00:58:21.710 --> 00:58:24.909
out of principle. And I feel like... I feel that
00:58:24.909 --> 00:58:27.949
principle. That's something that you should take
00:58:27.949 --> 00:58:31.949
to heart. I'm not saying that most competing
00:58:31.949 --> 00:58:33.769
offers are fake, right? Like we've been looking
00:58:33.769 --> 00:58:38.900
at... a property at the Arrette and we were told
00:58:38.900 --> 00:58:41.800
there's an offer coming in. And my clients and
00:58:41.800 --> 00:58:43.800
I went back and forth. Are you sure? It's been
00:58:43.800 --> 00:58:46.539
on the market over 200 days. And I'm like, well,
00:58:46.619 --> 00:58:48.840
you know, it's one of these probability things,
00:58:49.000 --> 00:58:52.840
right? Because the probability, like there's
00:58:52.840 --> 00:58:55.280
a honeymoon period for a listing in which there's
00:58:55.280 --> 00:58:58.000
a high probability of competing offers and getting
00:58:58.000 --> 00:58:59.980
list price or more. And that's like the first
00:58:59.980 --> 00:59:02.639
two weeks. After that, there's phase two where
00:59:02.639 --> 00:59:04.739
it's like, anywhere from 1 % to 3 % discount
00:59:04.739 --> 00:59:07.179
is probably about right for a mid -range property.
00:59:07.800 --> 00:59:10.000
And then there's that last phase where the discounts
00:59:10.000 --> 00:59:14.599
become 5%, 7%, 9 % for stale listings. But the
00:59:14.599 --> 00:59:18.460
probability doesn't continue. The probability
00:59:18.460 --> 00:59:22.179
sort of flatlines, right? There's high probability
00:59:22.179 --> 00:59:24.480
that first two weeks and then maybe it's like
00:59:24.480 --> 00:59:28.710
40 % or 30 % probability on any given day that
00:59:28.710 --> 00:59:30.449
it's going to go under contract. And then it
00:59:30.449 --> 00:59:33.869
drops to maybe 20%. And so, but that 20 % doesn't
00:59:33.869 --> 00:59:36.750
- 200 days, like five, you know? Well, no, no,
00:59:36.849 --> 00:59:38.989
actually that's what I'm saying. It isn't. It
00:59:38.989 --> 00:59:42.170
stays at 20 because by day 200, there's still
00:59:42.170 --> 00:59:44.349
a steady stream of buyers entering the market.
00:59:44.389 --> 00:59:46.730
It's sort of like that statistics question, right?
00:59:46.829 --> 00:59:51.489
If you flip a coin 50 times and you get heads
00:59:51.489 --> 00:59:54.510
the first 30, what's the probability on your
00:59:54.510 --> 00:59:58.940
31st flip, it's still heads? 50%. Exactly. It
00:59:58.940 --> 01:00:00.440
doesn't change just because you have... Yeah,
01:00:00.440 --> 01:00:02.179
the probability doesn't change. The probability
01:00:02.179 --> 01:00:04.380
doesn't change. So the probability, because there's
01:00:04.380 --> 01:00:06.780
constantly new buyers entering the market, is
01:00:06.780 --> 01:00:09.280
like once it reached steady state, it's at that
01:00:09.280 --> 01:00:12.440
steady state. It isn't like 1 % probability because
01:00:12.440 --> 01:00:14.639
it's been on the market 200 days. It's like...
01:00:15.099 --> 01:00:18.179
20 % probability that there's another buyer swirling
01:00:18.179 --> 01:00:20.159
at this at the same time because they're looking
01:00:20.159 --> 01:00:21.880
at the same inventory. That just entered the
01:00:21.880 --> 01:00:24.719
market. Yeah. Or that's been on the market 200
01:00:24.719 --> 01:00:26.019
days. They're reading the same news. No, the
01:00:26.019 --> 01:00:30.159
buyers just came in. Yeah. Right. It happens
01:00:30.159 --> 01:00:32.539
all the time that stale listings suddenly have
01:00:32.539 --> 01:00:35.980
two people interested at the same time. So don't
01:00:36.969 --> 01:00:38.510
take it for granted. It's quite possible the
01:00:38.510 --> 01:00:40.530
other offer is real. But as a principle, just
01:00:40.530 --> 01:00:42.769
backing away entirely is not the worst thing
01:00:42.769 --> 01:00:45.840
in the world to do. Yeah. Particularly if you're
01:00:45.840 --> 01:00:49.440
suspect. If it looks suspect, I would say there's
01:00:49.440 --> 01:00:51.840
always another house. Let's back out. Do not
01:00:51.840 --> 01:00:55.389
feel like... There are shady agents out there
01:00:55.389 --> 01:01:00.230
that know that scarcity drives demand. And by
01:01:00.230 --> 01:01:02.829
signaling there's another... Oh, by the way,
01:01:02.869 --> 01:01:04.349
there's another buyer that just saw it this weekend
01:01:04.349 --> 01:01:05.849
and I think they're going to submit an offer.
01:01:06.739 --> 01:01:10.289
It doesn't mean that's real at all. It completely
01:01:10.289 --> 01:01:13.269
could be a very crafty, cunning listing agent
01:01:13.269 --> 01:01:17.150
that knows very well that hearing that might
01:01:17.150 --> 01:01:19.989
shake an offer out from your buyer's agent, from
01:01:19.989 --> 01:01:23.289
us as a buyer's agent. It shouldn't, but it might.
01:01:24.780 --> 01:01:26.559
Classically, too, I think that has more weight
01:01:26.559 --> 01:01:30.960
depending on the price point you're in. Maybe.
01:01:31.179 --> 01:01:33.539
When you're talking about the higher end market
01:01:33.539 --> 01:01:36.989
being completely flat, you hear that there's
01:01:36.989 --> 01:01:39.230
another buyer coming in. It's pretty likely you'll
01:01:39.230 --> 01:01:43.199
find another house. uh that fits your needs there's
01:01:43.199 --> 01:01:45.559
a lot of the amount of inventory yeah and then
01:01:45.559 --> 01:01:49.099
as you track down it's like okay well you know
01:01:49.099 --> 01:01:52.380
show me a bona fide offer or the seal's too fishy
01:01:52.380 --> 01:01:54.800
i think we're gonna pass but i like that principle
01:01:54.800 --> 01:01:57.199
and i'm thinking of like board games right where
01:01:57.199 --> 01:01:58.719
somebody tries to make a deal and you're like
01:01:58.719 --> 01:02:02.920
i just no you know i'm not gonna do that well
01:02:02.920 --> 01:02:05.000
one of the things that we do is ask ourselves
01:02:05.000 --> 01:02:07.800
how many homes similar to this one sold in the
01:02:07.800 --> 01:02:12.449
last 6 to 12 months and If there were many, that
01:02:12.449 --> 01:02:14.829
means there's probably a decent probability.
01:02:15.909 --> 01:02:18.210
Probably a probability. There's a high chance
01:02:18.210 --> 01:02:21.130
that there will be another home in the next month
01:02:21.130 --> 01:02:23.769
or two that you also would find attractive. But
01:02:23.769 --> 01:02:26.110
if it looks like based on your criteria, there
01:02:26.110 --> 01:02:28.449
was one or two sales in the last 12 months that
01:02:28.449 --> 01:02:31.449
matched up, then you may want to take this listing
01:02:31.449 --> 01:02:34.349
more seriously. And you may want to decide to
01:02:34.349 --> 01:02:37.070
jump into the fray, ignore the Carl Icahn rule
01:02:37.070 --> 01:02:39.550
and jump into the bidding war because unless
01:02:39.550 --> 01:02:43.170
you want to just wait another year or even longer,
01:02:43.349 --> 01:02:44.969
right? Just because there were two this year
01:02:44.969 --> 01:02:46.909
doesn't mean there will be two next year. But
01:02:46.909 --> 01:02:49.150
if there are 30 homes that are similar that sold
01:02:49.150 --> 01:02:51.050
in the same neighborhood in the last 12 months,
01:02:51.190 --> 01:02:53.329
I think you could safely let it go if the agent
01:02:53.329 --> 01:02:55.710
is trying to pressure you to make an offer. Yeah.
01:02:56.429 --> 01:02:59.710
We actually, the buyers, we had some buyers that
01:02:59.710 --> 01:03:01.710
closed with us at the very start of this year.
01:03:02.059 --> 01:03:04.039
And I was on showings with them, and it was a
01:03:04.039 --> 01:03:05.820
house they were passing on. And he's like, hey,
01:03:05.860 --> 01:03:08.400
I'm good. From what I can look at, the sale history
01:03:08.400 --> 01:03:10.920
and everything, two of our houses that fit our
01:03:10.920 --> 01:03:13.380
criteria come up each month. So he's like, oh,
01:03:13.440 --> 01:03:15.599
we'll just wait and see. And he was super confident
01:03:15.599 --> 01:03:19.960
in it, not very worried. And it was right in
01:03:19.960 --> 01:03:22.980
that, just to give you a timeline, there were
01:03:22.980 --> 01:03:24.960
a couple agents that teamed together in Table
01:03:24.960 --> 01:03:27.860
Mesa. It was right when they first formed, and
01:03:27.860 --> 01:03:32.730
I don't think they're a team anymore. Oh, they're
01:03:32.730 --> 01:03:36.869
not. They're a duo. Yeah, their new signage is
01:03:36.869 --> 01:03:39.150
still duo, although I think they printed a lot
01:03:39.150 --> 01:03:43.079
of letterhead that had all three names on it
01:03:43.079 --> 01:03:44.739
because for a while we were still getting the
01:03:44.739 --> 01:03:46.320
letters that had all three names and now they're
01:03:46.320 --> 01:03:49.119
just a duo. But whatever, that's not our business.
01:03:49.679 --> 01:03:52.219
Let's move on with the next news story. 800 ,000
01:03:52.219 --> 01:03:55.800
front range rail tax ballots can't count, won't
01:03:55.800 --> 01:04:00.639
be counted. And after lawmakers redrew the district,
01:04:01.179 --> 01:04:03.739
Voters outside it in Adams, Arapahoe, Douglas,
01:04:03.880 --> 01:04:07.659
and Weld still got issued a 7A ballot by mistake.
01:04:08.400 --> 01:04:14.579
And sorry, you can't vote on it or the tax for
01:04:14.579 --> 01:04:19.840
cocoa. You can color in the bubble, but it's
01:04:19.840 --> 01:04:22.260
not going to do you anything. It's going to make
01:04:22.260 --> 01:04:24.699
you feel like some people are going to say, you
01:04:24.699 --> 01:04:26.280
know, I've been coloring in those bubbles anyway,
01:04:26.400 --> 01:04:29.880
and it doesn't make a difference anyway. It just
01:04:29.880 --> 01:04:32.300
points to more government incompetency. And I
01:04:32.300 --> 01:04:33.940
don't want to be the podcast that just keeps
01:04:33.940 --> 01:04:36.820
harping on government incompetency, but clearly
01:04:37.230 --> 01:04:40.030
the government is not good at doing certain things.
01:04:40.150 --> 01:04:42.750
And that includes due diligence on investment
01:04:42.750 --> 01:04:45.230
decisions, particularly real estate investment
01:04:45.230 --> 01:04:48.750
decisions, particularly small government, local
01:04:48.750 --> 01:04:54.110
towns, cities, even the county. Real estate due
01:04:54.110 --> 01:04:56.469
diligence is extensive. It takes a lot of time
01:04:56.469 --> 01:04:58.650
and expertise to do it right. And when you're
01:04:58.650 --> 01:05:03.590
talking about tens of millions or more. What's
01:05:03.590 --> 01:05:05.750
interesting is the size of the deal doesn't actually
01:05:05.750 --> 01:05:09.929
dictate due diligence. If you're investing half
01:05:09.929 --> 01:05:12.289
a million, you should be doing very similar due
01:05:12.289 --> 01:05:14.570
diligence to if you were investing 5 million.
01:05:15.030 --> 01:05:17.329
5 million doesn't mean you do five times or 10
01:05:17.329 --> 01:05:20.070
times the due diligence. And so this is where
01:05:20.070 --> 01:05:23.269
compensation, it's also why private equity doesn't
01:05:23.269 --> 01:05:26.150
go below a certain deal size because the amount
01:05:26.150 --> 01:05:28.429
of due diligence required to do the... the investment
01:05:28.429 --> 01:05:32.469
properly is the same. And the numbers don't support
01:05:32.469 --> 01:05:34.909
the team, the administrative costs. And the same
01:05:34.909 --> 01:05:37.369
thing is true in real estate, frankly. We will
01:05:37.369 --> 01:05:39.190
do affordable housing as a team, but we don't
01:05:39.190 --> 01:05:41.869
focus on it because it doesn't pay enough for
01:05:41.869 --> 01:05:44.469
the amount of due diligence we do for our clients.
01:05:44.670 --> 01:05:47.409
And unfortunately, municipalities don't have
01:05:47.409 --> 01:05:49.900
the investment expertise. at all to do their
01:05:49.900 --> 01:05:52.119
due diligence. And Alpine Balsam is exhibit A
01:05:52.119 --> 01:05:56.260
for mismanagement and bad due diligence. And
01:05:56.260 --> 01:05:59.960
San Lazaro is about to become exhibit B. And
01:05:59.960 --> 01:06:04.300
so I think it's really important to know the
01:06:04.300 --> 01:06:06.360
limits of what you're good at and focus at it.
01:06:06.599 --> 01:06:09.119
And what the municipalities should be focusing
01:06:09.119 --> 01:06:14.079
on is quality of life, potholes. Yes, to some
01:06:14.079 --> 01:06:16.219
extent, we're trying to achieve our affordable
01:06:16.219 --> 01:06:19.940
housing goals. climate resiliency, wildfire defense,
01:06:20.360 --> 01:06:23.079
homelessness issues. We shouldn't be focused
01:06:23.079 --> 01:06:26.239
on Palestine and Israel and international issues.
01:06:26.539 --> 01:06:28.860
It doesn't make any sense. As a local city, yeah.
01:06:29.710 --> 01:06:31.969
And we should own up to our mistakes, just like
01:06:31.969 --> 01:06:34.949
you and I do a postmortem. I want to see a postmortem
01:06:34.949 --> 01:06:37.570
on all the mistakes that have been made for Alpine
01:06:37.570 --> 01:06:39.690
Balsam. And we're never going to see it. They're
01:06:39.690 --> 01:06:46.099
going to bury it. I think that's pretty much
01:06:46.099 --> 01:06:51.190
as far as Coco. And this article goes into COCO
01:06:51.190 --> 01:06:54.570
and how it's being funded and the sales tax proposition
01:06:54.570 --> 01:06:58.409
and everything. But staying to your point, I
01:06:58.409 --> 01:07:02.489
think the public's tired, finally, of being complacent
01:07:02.489 --> 01:07:07.150
with sleepy or ineffectual local government.
01:07:07.909 --> 01:07:10.309
Ideally, it runs up the flagpole to federal,
01:07:10.409 --> 01:07:14.550
but... They're pretty untouchable. I mean, it's
01:07:14.550 --> 01:07:17.070
just insulting when they package together South
01:07:17.070 --> 01:07:20.090
Boulder Rec Center with this $400 million blank
01:07:20.090 --> 01:07:22.329
check and they think the voters are that dumb.
01:07:22.489 --> 01:07:25.449
That we're so emotional about our rec centers
01:07:25.449 --> 01:07:27.449
that we're willing to write a blank check for
01:07:27.449 --> 01:07:29.349
the city of Boulder to spend whatever it wants
01:07:29.349 --> 01:07:32.250
on anything whatsoever. And they also tie it
01:07:32.250 --> 01:07:35.389
to the police protection and fire protection.
01:07:35.409 --> 01:07:38.010
And there's no accountability for mismanagement
01:07:38.010 --> 01:07:42.030
and lack of due diligence. And or market conditions
01:07:42.030 --> 01:07:43.789
when we're in the biggest commercial real estate
01:07:43.789 --> 01:07:46.190
downturn that we've had in decades. And they're
01:07:46.190 --> 01:07:48.590
still insisting we need a brand new building.
01:07:48.690 --> 01:07:51.510
It's it's insulting to our intelligence as as
01:07:51.510 --> 01:07:55.269
taxpaying voters. So I hope the voters as constituents,
01:07:55.369 --> 01:07:59.199
as constituents. Yes. OK. Yes. All right. Boy,
01:07:59.300 --> 01:08:01.539
I'm trying to really get me foaming at the mouth.
01:08:01.619 --> 01:08:03.739
We should move on to the next story. And now
01:08:03.739 --> 01:08:06.340
we're going to talk about water and we're going
01:08:06.340 --> 01:08:08.619
to talk about more government mismanagement.
01:08:09.130 --> 01:08:11.130
I think we need to stop, but otherwise this is
01:08:11.130 --> 01:08:13.409
going to become the podcast of government mismanagement.
01:08:13.469 --> 01:08:16.069
But the article is Denver didn't conserve, so
01:08:16.069 --> 01:08:18.449
it's draining the Western Slope. And the tie
01:08:18.449 --> 01:08:20.090
-in to this, okay, so there's a great article
01:08:20.090 --> 01:08:23.810
in Axios and the Colorado Sun about how Denver
01:08:23.810 --> 01:08:26.069
did not conserve enough water over the summer
01:08:26.069 --> 01:08:28.850
and is drawing down a lot more water from the
01:08:28.850 --> 01:08:30.869
Western Slope. But Boulder is actually doing
01:08:30.869 --> 01:08:34.789
fine. Our reservoirs are 76 % full, despite it
01:08:34.789 --> 01:08:37.250
being a drought year, and there are no restrictions.
01:08:37.880 --> 01:08:40.399
And I'm reminded of asking an employee at the
01:08:40.399 --> 01:08:43.159
city of Boulder who I knew years ago and who
01:08:43.159 --> 01:08:45.020
was a friend about our water resources because
01:08:45.020 --> 01:08:46.979
I was concerned. I was like, you know, I'm worried
01:08:46.979 --> 01:08:49.300
about the city's growth and our ability to continue
01:08:49.300 --> 01:08:51.739
to deliver water. Should we be worried about
01:08:51.739 --> 01:08:53.340
it with climate change? And he looked at me and
01:08:53.340 --> 01:08:56.060
he said, Boulder has tons of water. We actually
01:08:56.060 --> 01:08:58.460
have a lot of water. It's not public knowledge.
01:08:58.680 --> 01:09:02.340
But the water side of our municipal systems is
01:09:02.340 --> 01:09:05.560
very well taken care of. And I believe him. He's
01:09:05.560 --> 01:09:08.899
a very knowledgeable engineer. Yeah. And that
01:09:08.899 --> 01:09:12.920
was years ago. Off the back of that, Denver apparently
01:09:12.920 --> 01:09:16.500
has not done a good job. No, and I was going
01:09:16.500 --> 01:09:18.619
to say off the back of our previous discussion,
01:09:18.819 --> 01:09:20.920
somebody at Boulder Water is doing the right
01:09:20.920 --> 01:09:23.319
thing. Somebody at Boulder Water is doing great.
01:09:23.399 --> 01:09:27.710
Yeah. And our sources are also upstream. So our
01:09:27.710 --> 01:09:32.210
water is less polluted. It is less processed.
01:09:32.470 --> 01:09:37.289
It is more natural, should we say. It has not
01:09:37.289 --> 01:09:39.909
been filtered by millions of kidneys. Right.
01:09:41.149 --> 01:09:49.300
Good way to put it. Yeah. Same with that. For
01:09:49.300 --> 01:09:53.260
those that are going to say, what is Osman talking
01:09:53.260 --> 01:09:56.949
about? I'm going to say Google it. Which municipality
01:09:56.949 --> 01:09:59.609
is doing that? Which municipalities are downstream?
01:10:00.109 --> 01:10:03.949
Using the kidney method. Well, I mean, water
01:10:03.949 --> 01:10:06.430
gets filtered and processed and maybe it's okay.
01:10:06.729 --> 01:10:09.630
But you're also dealing with a lot more processing
01:10:09.630 --> 01:10:11.710
and who knows what chemicals aren't being processed
01:10:11.710 --> 01:10:18.829
out. I will say, okay. Google it, Hamish. No,
01:10:18.869 --> 01:10:21.210
for sure. But now I want to have a discussion
01:10:21.210 --> 01:10:23.699
about it because I'm like... There's a lot of
01:10:23.699 --> 01:10:25.819
surveys that go around like census and stuff.
01:10:26.060 --> 01:10:29.420
And the more people, like I have a water filter
01:10:29.420 --> 01:10:31.560
in my house, but if I'm ever taking a survey
01:10:31.560 --> 01:10:34.180
that asks if I do, I say I don't have a filter.
01:10:35.300 --> 01:10:38.359
For me and my stance is that it should be a municipal
01:10:38.359 --> 01:10:40.619
service to provide clean and safe drinking water.
01:10:40.979 --> 01:10:43.859
But if they see the census data that most of
01:10:43.859 --> 01:10:46.399
the residents have their own water filter, for
01:10:46.399 --> 01:10:49.500
sure that will be an area that they could use
01:10:49.500 --> 01:10:51.300
to cut the standards and the cleanliness of the
01:10:51.300 --> 01:10:55.569
water. Um, I, I like Westminster water. That's
01:10:55.569 --> 01:10:57.729
my service. And it's Stanley Lake, right? I can
01:10:57.729 --> 01:11:01.270
walk to the lake that I drink. Um, and they independently
01:11:01.270 --> 01:11:03.470
test the water, I think every two years and you
01:11:03.470 --> 01:11:05.149
can see what's in there and everything. And,
01:11:05.229 --> 01:11:10.590
um, that's relatively reassuring. I am, you know,
01:11:10.590 --> 01:11:13.609
yeah. I think my distrust in government began
01:11:13.609 --> 01:11:16.829
at nine 11 and they told us the air was clean,
01:11:16.970 --> 01:11:20.010
that there, it was perfectly fine and perfectly
01:11:20.010 --> 01:11:25.970
healthy. And it wasn't. And they knew. And therefore,
01:11:26.170 --> 01:11:29.510
I don't expect the government to tell the truth
01:11:29.510 --> 01:11:31.649
about the quality of our water or the quality
01:11:31.649 --> 01:11:34.510
of our air or where they're spending money or
01:11:34.510 --> 01:11:36.649
own up to the mistakes they make. There's zero
01:11:36.649 --> 01:11:40.250
accountability for all of the waste and all of
01:11:40.250 --> 01:11:42.750
the all of the ways the government has lied to
01:11:42.750 --> 01:11:46.729
us. So I'm sorry, I I don't. But what you just
01:11:46.729 --> 01:11:48.729
said, you know, isn't it the municipality's job
01:11:48.729 --> 01:11:51.310
to provide a safe and clean drinking water? And
01:11:51.310 --> 01:11:53.909
I would say, well, that that sounds good in theory.
01:11:54.609 --> 01:11:56.770
But in practice, I wouldn't trust the government
01:11:56.770 --> 01:11:59.329
to provide safe drinking water at all. And I
01:11:59.329 --> 01:12:02.029
remember growing up, we had we had a well and
01:12:02.029 --> 01:12:04.569
my mom insisted on getting a water treatment
01:12:04.569 --> 01:12:06.710
under sink water treatment system. And my dad
01:12:06.710 --> 01:12:08.369
was kind of annoyed to do it. But he eventually
01:12:08.369 --> 01:12:11.989
acquiesced to my mother's demands that she that
01:12:11.989 --> 01:12:16.649
we get a. water filtration system. And now decades
01:12:16.649 --> 01:12:19.670
later, I think she's right. You should test your
01:12:19.670 --> 01:12:24.079
own water and see what you learn. Yeah. And like
01:12:24.079 --> 01:12:27.619
keyword, right. It's independently tested Stanley
01:12:27.619 --> 01:12:33.970
Lake. And I also think to trust doesn't have
01:12:33.970 --> 01:12:36.729
to be blind. You can trust with verification
01:12:36.729 --> 01:12:40.890
and you can trust and not be complacent. So I
01:12:40.890 --> 01:12:42.609
totally hear where you're coming from and stuff,
01:12:42.649 --> 01:12:45.859
but I think a lot of, And I cannot speak to 9
01:12:45.859 --> 01:12:51.800
-11. I was one, maybe two. But it doesn't have
01:12:51.800 --> 01:12:54.220
to be exactly the way that it is or blind or
01:12:54.220 --> 01:12:57.840
fake trust, right? We, in theory, are represented
01:12:57.840 --> 01:13:00.560
and our representatives can, in theory, create
01:13:00.560 --> 01:13:03.619
more public and transparent checks and balances.
01:13:05.460 --> 01:13:09.020
I think you can also take personal accountability
01:13:09.020 --> 01:13:11.439
and responsibility for your own health and safety.
01:13:11.699 --> 01:13:13.859
And one of the areas bringing this back to real
01:13:13.859 --> 01:13:17.680
estate is historic homes. And there's a good
01:13:17.680 --> 01:13:20.500
chance some of these historic homes have lead
01:13:20.500 --> 01:13:23.579
in the pipes. And how do you know unless you
01:13:23.579 --> 01:13:26.920
personally test it? And maybe you should just
01:13:26.920 --> 01:13:29.699
plan on a whole house filtration system that
01:13:29.699 --> 01:13:34.100
is RO, reverse osmosis. and then remineralizes
01:13:34.100 --> 01:13:36.500
so you're not leaching calcium out of your bones.
01:13:36.800 --> 01:13:39.079
Yeah, deionized would be to remove the metals.
01:13:39.909 --> 01:13:43.250
Right, deionized. So there are all sorts of ways
01:13:43.250 --> 01:13:46.409
to, if you can afford a historic home in Mapleton
01:13:46.409 --> 01:13:48.390
Hill, you probably can afford a water filtration
01:13:48.390 --> 01:13:51.350
system and you probably should get one. It's
01:13:51.350 --> 01:13:56.239
not our business to necessarily insist or push
01:13:56.239 --> 01:13:58.500
on that, but I feel like it's our business to...
01:14:00.619 --> 01:14:03.319
to encourage our clients to do thorough due diligence
01:14:03.319 --> 01:14:05.060
and take care of their health. But it's ultimately
01:14:05.060 --> 01:14:08.739
our clients' responsibility. And there are some
01:14:08.739 --> 01:14:10.819
areas where lead -based paint, for example, there
01:14:10.819 --> 01:14:13.680
are federal laws that real estate agents and
01:14:13.680 --> 01:14:15.680
those involved in the transaction have to comply
01:14:15.680 --> 01:14:18.819
with. And that list just keeps getting more,
01:14:18.899 --> 01:14:21.020
you know, continue, well, for a long time. Right
01:14:21.020 --> 01:14:25.380
on now. Right on to. Yeah. So that is, yeah,
01:14:25.399 --> 01:14:28.319
updating the added right on. But no, I... I don't
01:14:28.319 --> 01:14:29.840
know. I think different stances on that. But
01:14:29.840 --> 01:14:33.279
yeah, for like what to me a government should
01:14:33.279 --> 01:14:35.579
be doing is like clean and safe drinking water
01:14:35.579 --> 01:14:39.640
is like kind of bare minimum. I think I love
01:14:39.640 --> 01:14:42.340
the personal responsibility thing, but. I'm in
01:14:42.340 --> 01:14:44.739
radical agreement. So what should the government
01:14:44.739 --> 01:14:46.819
be doing? Absolutely. The government should be
01:14:46.819 --> 01:14:49.359
providing safe and clean drinking water. And
01:14:49.359 --> 01:14:50.779
it's a world of shoulds and ifs and coulds. And
01:14:50.779 --> 01:14:53.800
should be providing health care to our citizens.
01:14:53.920 --> 01:14:56.079
I'm in radical agreement on both of those things.
01:14:56.670 --> 01:14:59.710
But I also don't trust the government to do what
01:14:59.710 --> 01:15:01.550
they say or tell the truth about what they know.
01:15:02.310 --> 01:15:06.890
Until proven otherwise, that's what they've been
01:15:06.890 --> 01:15:13.970
doing is lying. Always be suspicious. I remember
01:15:13.970 --> 01:15:18.869
in the 80s, it may have been an album from a
01:15:18.869 --> 01:15:21.869
rock band or something. I remember this Mother
01:15:21.869 --> 01:15:24.090
Should I Trust the Government logo. It might
01:15:24.090 --> 01:15:26.899
have been a Pink Floyd album or something. And
01:15:26.899 --> 01:15:30.960
it was subversive when I first saw that message
01:15:30.960 --> 01:15:34.199
because I grew up believing in the government
01:15:34.199 --> 01:15:35.979
trying to take care of its people. And then I've
01:15:35.979 --> 01:15:37.960
just kind of felt like I've learned the hard
01:15:37.960 --> 01:15:39.359
way that that's not what the government does
01:15:39.359 --> 01:15:43.020
at all. The government is comprised of people
01:15:43.020 --> 01:15:45.600
who have their own interests. And there's all
01:15:45.600 --> 01:15:49.000
sorts of ways that things get subverted and fraud
01:15:49.000 --> 01:15:52.439
occurs, manipulated. And the government's more
01:15:52.439 --> 01:15:55.119
interested in not starting a panic. than it is
01:15:55.119 --> 01:15:57.220
in telling people the truth about their own health
01:15:57.220 --> 01:16:01.939
and safety. Yeah. If it's any consolation, I
01:16:01.939 --> 01:16:05.069
grew up only hearing not to trust the government.
01:16:05.569 --> 01:16:09.470
So that's pretty much the message that anyone
01:16:09.470 --> 01:16:11.989
I talked to or anyone everywhere, but it was
01:16:11.989 --> 01:16:14.090
always from people that couldn't articulate why.
01:16:14.710 --> 01:16:17.569
So it was almost more of like a bandwagon trend
01:16:17.569 --> 01:16:22.159
than an actual thought. I know we're getting
01:16:22.159 --> 01:16:24.449
too far afield, but... Well, we're almost done
01:16:24.449 --> 01:16:26.310
with this pod. So hang on, dear listeners. I
01:16:26.310 --> 01:16:28.270
think we're about to wrap up this topic. But
01:16:28.270 --> 01:16:30.409
Hamish, you were one or two years old. And so
01:16:30.409 --> 01:16:32.930
you don't have memory of this. But I have a very
01:16:32.930 --> 01:16:35.189
distinct memory of the government being way more
01:16:35.189 --> 01:16:37.890
concerned with restarting the economy and tying
01:16:37.890 --> 01:16:41.390
the economy and with patriotism. Like it was
01:16:41.390 --> 01:16:44.750
patriotic to go spend money because everything
01:16:44.750 --> 01:16:47.949
stopped for like a week. At 9 -11 and we had
01:16:47.949 --> 01:16:49.750
to get the economy started again. So go out to
01:16:49.750 --> 01:16:51.909
the mall, go out to the grocery store, buy a
01:16:51.909 --> 01:16:54.329
new car, go spend money, people, because we need
01:16:54.329 --> 01:16:57.329
our economy back online. And it was patriotic,
01:16:57.329 --> 01:17:00.449
which is in some ways I get it. But it also is
01:17:00.449 --> 01:17:03.609
is deeply disturbing that our government is more
01:17:03.609 --> 01:17:07.130
concerned with. the economics that aren't main
01:17:07.130 --> 01:17:09.350
street economics, but the economics that eventually
01:17:09.350 --> 01:17:11.170
filter out to the billionaire class and their
01:17:11.170 --> 01:17:13.909
stock holdings than they are concerned with the
01:17:13.909 --> 01:17:15.949
health and wellbeing of our citizens. And it's,
01:17:15.949 --> 01:17:19.350
it's just how it is. I wish it wasn't, but that
01:17:19.350 --> 01:17:21.770
is anybody that tells you differently is probably
01:17:21.770 --> 01:17:25.359
selling you something. This is, they've got land
01:17:25.359 --> 01:17:28.859
to sell you on the ocean, but same thing, lockdown.
01:17:29.100 --> 01:17:32.680
I remember I can't remember. I think lockdown
01:17:32.680 --> 01:17:34.500
like officially on a national level was like,
01:17:34.539 --> 01:17:37.039
what, two weeks or a week and a half. But I remember
01:17:37.039 --> 01:17:40.300
taking whatever time frame it was and just dividing.
01:17:41.199 --> 01:17:45.020
Yeah. And then just dividing like the GDP and
01:17:45.020 --> 01:17:46.659
being like, OK, that's the cost of human life.
01:17:46.720 --> 01:17:49.560
You know, it's like they say you can't put a
01:17:49.560 --> 01:17:51.800
cost on it. But if you just work out a GDP and
01:17:51.800 --> 01:17:54.359
how long the country can afford to be shut down,
01:17:54.500 --> 01:17:58.619
there you go. You know, like. It's kind of grim
01:17:58.619 --> 01:18:00.979
and it's probably not very accurate, but that
01:18:00.979 --> 01:18:03.300
was my tongue in cheek. I was 21. Okay, forgive
01:18:03.300 --> 01:18:09.199
me. But we, so looking back on that, the aftermath
01:18:09.199 --> 01:18:13.119
was highly inflationary, was a massive increase
01:18:13.119 --> 01:18:17.119
in liquidity in our economic system, which resulted
01:18:17.119 --> 01:18:20.039
in inflated prices for all sorts of assets, including
01:18:20.039 --> 01:18:23.920
real estate. It unlocked massive government spending
01:18:23.920 --> 01:18:28.979
and we overreacted. It's pretty clear that the
01:18:28.979 --> 01:18:33.380
levers that the government pulled in the COVID
01:18:33.380 --> 01:18:37.279
lockdown, with fear of mass unemployment and
01:18:37.279 --> 01:18:40.439
stagnant economic conditions, going to zero interest
01:18:40.439 --> 01:18:43.979
rates and flooding the economy with money, we
01:18:43.979 --> 01:18:48.180
went overboard. We overreacted. I think we did.
01:18:48.420 --> 01:18:49.760
And now we're dealing with the other side of
01:18:49.760 --> 01:18:53.260
it. For a postmortem, I think we did a lot terribly.
01:18:54.619 --> 01:18:57.859
Taking the actual threat seriously and having
01:18:57.859 --> 01:19:00.000
clear and consistent messaging to begin with
01:19:00.000 --> 01:19:04.319
is one of them. Remember our commander -in -chief
01:19:04.319 --> 01:19:08.119
at the time, it's not real. It's a hoax. It's
01:19:08.119 --> 01:19:10.659
not on the country. It's not here. And then only
01:19:10.659 --> 01:19:12.600
until I think like two or three months into it
01:19:12.600 --> 01:19:14.640
did we actually have a lockdown. So everything,
01:19:14.939 --> 01:19:20.800
the whole execution of it, sure. But, I mean,
01:19:20.819 --> 01:19:24.779
boy, was that just a cluster. Okay, before we
01:19:24.779 --> 01:19:26.859
go deeper in the conspiracy, I think we need
01:19:26.859 --> 01:19:29.020
to stop because you and I could go on and on
01:19:29.020 --> 01:19:32.220
about COVID and the government. And that's not
01:19:32.220 --> 01:19:36.159
our wheelhouse at House Einstein. We're not this
01:19:36.159 --> 01:19:38.420
anti -government either. It just happens to be
01:19:38.420 --> 01:19:38.640
our news stories today. And we're not speaking
01:19:38.640 --> 01:19:41.340
on behalf of House Einstein either. We are sponsored
01:19:41.340 --> 01:19:45.109
by the brokerage. That's true. views or opinions
01:19:45.109 --> 01:19:47.390
of the brokerage itself. These are two fellows
01:19:47.390 --> 01:19:50.210
who are fortunate enough to have been sponsored
01:19:50.210 --> 01:19:52.789
by the House Einstein brokerage. So thank you,
01:19:52.789 --> 01:19:55.130
House Einstein. Thank you, House Einstein. All
01:19:55.130 --> 01:19:58.050
right. The last news article is the Dark Horse
01:19:58.050 --> 01:20:00.529
demo is finally underway. The auctions are over.
01:20:01.250 --> 01:20:05.090
The lamenting and sadness and mourning of the
01:20:05.090 --> 01:20:08.350
Dark Horse is probably never going to end because
01:20:08.350 --> 01:20:10.529
it was such an institution in Boulder. But its
01:20:10.529 --> 01:20:12.829
chapter is closed and new things will be built
01:20:12.829 --> 01:20:16.510
there. And that's happening now. CU South is
01:20:16.510 --> 01:20:18.409
also happening. Development is happening all
01:20:18.409 --> 01:20:21.350
over town. Things are closed and things are opening.
01:20:22.170 --> 01:20:25.949
It's a community in transition. So I look forward
01:20:25.949 --> 01:20:28.550
to seeing what they construct there. But if you
01:20:28.550 --> 01:20:31.689
are still feeling nostalgic about the Dark Horse,
01:20:31.810 --> 01:20:33.670
you can stand on the bike path behind it and
01:20:33.670 --> 01:20:37.850
see what remains and light a candle for the Dark
01:20:37.850 --> 01:20:39.489
Horse. And I feel it, okay? It was like one of
01:20:39.489 --> 01:20:41.970
Boulder's last remaining dive bars. It was fun.
01:20:42.750 --> 01:20:45.970
But the chapter is over. It's closed. Wouldn't
01:20:45.970 --> 01:20:48.329
put it past Boulder residents to have a candlelight
01:20:48.329 --> 01:20:51.760
vigil for the Dark Horse. I mean, Boulder has
01:20:51.760 --> 01:20:53.819
had candlelight vigils for trees that had to
01:20:53.819 --> 01:20:57.119
be removed. So absolutely, there have been vigils
01:20:57.119 --> 01:20:59.399
and class reunions at the Dark Horse and all
01:20:59.399 --> 01:21:02.119
sorts of ways people have commemorated it. But
01:21:02.119 --> 01:21:04.460
it's now time to close out that chapter. And
01:21:04.460 --> 01:21:05.960
that's the only reason I'm mentioning that as
01:21:05.960 --> 01:21:08.460
a news article, is that demo is underway and
01:21:08.460 --> 01:21:11.340
likely will be done very soon. So if you want
01:21:11.340 --> 01:21:13.960
to light that candle, now's the time. I'll light
01:21:13.960 --> 01:21:16.979
one in the house. All right, should we jump to
01:21:16.979 --> 01:21:19.300
carve -outs? How are you feeling on time? Let's
01:21:19.300 --> 01:21:23.840
do it. Let's wrap it up. Okay. In case you're
01:21:23.840 --> 01:21:25.779
new to the pod is when we get to talk about anything
01:21:25.779 --> 01:21:28.020
we want to talk about, sometimes real estate
01:21:28.020 --> 01:21:30.520
related, sometimes radically not. And it just
01:21:30.520 --> 01:21:32.859
happens to be top of mind. And we just wanted
01:21:32.859 --> 01:21:34.520
to share it with you. So Hamish, jump in. Tell
01:21:34.520 --> 01:21:38.300
me about chess. Been playing chess. I've been
01:21:38.300 --> 01:21:42.260
playing chess since I was just a weak kid. It
01:21:42.260 --> 01:21:45.460
comes and goes and waves my interest in it. But
01:21:45.460 --> 01:21:48.380
I'm back on a chess kick. So chess .com is my
01:21:48.380 --> 01:21:51.880
app of choice. I am nowhere near as good as I
01:21:51.880 --> 01:21:54.640
once was. And I am fighting to get above 300
01:21:54.640 --> 01:21:59.600
in the 10 -minute games. But having a lot of
01:21:59.600 --> 01:22:03.100
fun. Replaying Queen's Gambit, the Netflix show
01:22:03.100 --> 01:22:06.039
in my head as I'm playing. Narrating it. Such
01:22:06.039 --> 01:22:09.399
a good show. So good. So good. And I might end
01:22:09.399 --> 01:22:12.539
up re -watching it. Anya Taylor -Joy. She's so
01:22:12.539 --> 01:22:14.319
good in that movie. I think it's the best role
01:22:14.319 --> 01:22:18.380
that she's played. She was excellent. But yeah,
01:22:18.479 --> 01:22:21.359
just really loving chess. I'm going to get my
01:22:21.359 --> 01:22:26.020
girlfriend into it. And hopefully she's a quick
01:22:26.020 --> 01:22:29.060
learner because I have lost some friends to playing
01:22:29.060 --> 01:22:32.100
chess. Are you going to use a timer with her?
01:22:32.859 --> 01:22:35.319
See, this is my issue with chess is I love chess,
01:22:35.439 --> 01:22:39.020
but my wife never wants to use a timer. And so
01:22:39.020 --> 01:22:42.020
we end up with games that go forever. And it's
01:22:42.020 --> 01:22:45.779
just so much more exciting when there's a timer.
01:22:46.659 --> 01:22:50.319
The timer at least ends it, right? Yeah. You've
01:22:50.319 --> 01:22:52.260
got to fix the amount of time. And that makes
01:22:52.260 --> 01:22:54.039
it a real game. But without the timer, I just
01:22:54.039 --> 01:22:56.680
have a hard time with it. But my nephews and
01:22:56.680 --> 01:22:59.920
nieces are playing too. And are you going to
01:22:59.920 --> 01:23:01.699
chess .com or what website are you playing on?
01:23:01.720 --> 01:23:04.010
Yeah, chess .com. which has desktop which is
01:23:04.010 --> 01:23:05.569
awesome too i'll have like my youtube video over
01:23:05.569 --> 01:23:07.489
here and i'll be playing chess on the other screen
01:23:07.489 --> 01:23:10.310
do you want to share your username so people
01:23:10.310 --> 01:23:12.930
can challenge you to games oh boy if you would
01:23:12.930 --> 01:23:16.550
like to mop the floor with a co -host of house
01:23:16.550 --> 01:23:20.409
Einstein podcast my chess username chess .com
01:23:20.409 --> 01:23:28.510
is m60e30 why is that your username you've got
01:23:28.510 --> 01:23:31.960
to explain it to the it is the engine In my car.
01:23:32.439 --> 01:23:35.060
The engine and then my car. The engine in my
01:23:35.060 --> 01:23:39.399
car. So, yeah, I built that account, I think,
01:23:39.399 --> 01:23:41.380
right when I was putting together the car. So,
01:23:41.399 --> 01:23:46.140
of course. That's great. All right. Please challenge
01:23:46.140 --> 01:23:47.760
Hamish to chess. I think it would be a lot of
01:23:47.760 --> 01:23:49.500
fun. I'd love that. That'd be so much fun. Yeah.
01:23:50.279 --> 01:23:53.600
Okay. Well, you chose this topic for me. So,
01:23:53.640 --> 01:23:56.739
I guess I'm going to shift it a little bit. And
01:23:56.739 --> 01:24:03.899
you wrote in van life, bruh. So really, this
01:24:03.899 --> 01:24:08.520
trip has been about fly fishing. And this little
01:24:08.520 --> 01:24:12.500
mobile vehicle office home has turned into an
01:24:12.500 --> 01:24:17.840
interesting project. It's van life 2 .0. And
01:24:17.840 --> 01:24:20.439
we're doing very, very few mods. But it's great
01:24:20.439 --> 01:24:23.300
for camping. It's got heat. It's supposed to
01:24:23.300 --> 01:24:25.720
be in the 20s tonight. So I'm looking forward
01:24:25.720 --> 01:24:30.140
to having heat where we're staying. But it's
01:24:30.140 --> 01:24:33.960
enabled an opportunity to go fly fishing midweek
01:24:33.960 --> 01:24:38.380
with this really good friend. And again, I feel
01:24:38.380 --> 01:24:39.640
like I don't know how many more opportunities
01:24:39.640 --> 01:24:42.960
there will be like this. being able to record
01:24:42.960 --> 01:24:47.560
the podcast remotely, and I'm really bad at fly
01:24:47.560 --> 01:24:50.380
fishing. I would say fly fishing and stand -up
01:24:50.380 --> 01:24:52.979
comedy, I'm not very good at. Although I caught
01:24:52.979 --> 01:24:56.539
a fish today. I caught my first fish while fly
01:24:56.539 --> 01:24:59.500
fishing. I caught a rainbow trout and very quickly
01:24:59.500 --> 01:25:03.640
released it. It was a little small guy. And it's
01:25:03.640 --> 01:25:05.420
super interesting to learn about all the different
01:25:05.420 --> 01:25:08.760
types of flies and work on my casting and mending
01:25:08.760 --> 01:25:12.180
techniques. And to be in incredible nature, it's
01:25:12.180 --> 01:25:14.739
very present. I don't feel particularly rushed
01:25:14.739 --> 01:25:17.279
or impatient with fly fishing. And it's sort
01:25:17.279 --> 01:25:20.579
of funny because people are really friendly with
01:25:20.579 --> 01:25:23.439
fly fishing, which is in some ways stands out
01:25:23.439 --> 01:25:26.800
in contrast to what I experienced with elk hunting,
01:25:26.920 --> 01:25:29.199
where people are very secretive about their honey
01:25:29.199 --> 01:25:31.380
holes. And instead, everyone is trying to point
01:25:31.380 --> 01:25:34.010
out places you might want to try to fish. and
01:25:34.010 --> 01:25:36.489
um and flies you might want to try to use like
01:25:36.489 --> 01:25:38.510
everyone's super encouraging and positive which
01:25:38.510 --> 01:25:40.930
is kind of lovely but one of the consistent pieces
01:25:40.930 --> 01:25:43.770
of advice has been you got to be patient man
01:25:43.770 --> 01:25:46.510
just be patient as if i haven't been patient
01:25:46.510 --> 01:25:49.189
like i could stand there all day long like gently
01:25:49.189 --> 01:25:52.670
casting a fly and watching it drift down and
01:25:52.670 --> 01:25:55.470
casting it again watching it drift down perfecting
01:25:55.470 --> 01:25:58.189
the cast yeah and hearing the babble of the water
01:25:58.189 --> 01:26:01.250
um i don't really like ponds and lakes i'd much
01:26:01.250 --> 01:26:04.430
rather be You want the moving water, yeah. The
01:26:04.430 --> 01:26:07.149
moving water just feels good. It sounds good.
01:26:07.210 --> 01:26:10.729
It's cooler underneath. It doesn't have the stagnant
01:26:10.729 --> 01:26:12.750
algae blooms and other things you see in lakes
01:26:12.750 --> 01:26:16.130
and ponds that have fish in them and other, well,
01:26:16.470 --> 01:26:20.579
a lot of nutrients. Algal blooms, yeah. It feels
01:26:20.579 --> 01:26:23.279
like it's probably cleaner. I guess I need to
01:26:23.279 --> 01:26:26.640
do some research in terms of mining and potential
01:26:26.640 --> 01:26:29.920
heavy metals or other issues. Because what I'd
01:26:29.920 --> 01:26:33.239
like to do is... is actually camp and cook the
01:26:33.239 --> 01:26:36.760
fish we catch. But I think that means understanding
01:26:36.760 --> 01:26:40.739
where it's not healthy to do so. And I have no
01:26:40.739 --> 01:26:43.960
knowledge right now. I'm such a newbie. Literally
01:26:43.960 --> 01:26:48.220
caught my first trout today. I mean, it's fly
01:26:48.220 --> 01:26:50.739
fishing. Yeah. It's so much. It's really cool.
01:26:50.800 --> 01:26:52.600
It's really fun. And it's a way I get to connect
01:26:52.600 --> 01:26:55.079
with this close friend who's had some health
01:26:55.079 --> 01:26:58.100
challenges. And his outdoor options are way more
01:26:58.100 --> 01:27:00.380
limited than they used to be. And this is one
01:27:00.380 --> 01:27:02.680
way we can actually hang out and spend some time.
01:27:02.779 --> 01:27:05.100
And he's been great at teaching me. He's an expert
01:27:05.100 --> 01:27:09.460
at fly fishing. And he's been an instructor for
01:27:09.460 --> 01:27:11.739
lots and lots of people. So it's really cool
01:27:11.739 --> 01:27:14.819
to get that. Yeah. Well, congrats on your first
01:27:14.819 --> 01:27:19.600
fish. Fly fishing fish. Thanks. I do like to
01:27:19.600 --> 01:27:22.319
say fishing is one of those things that you can
01:27:22.319 --> 01:27:25.260
do all day, catch nothing, and people still treat
01:27:25.260 --> 01:27:27.979
you like you did something for the day. It's
01:27:27.979 --> 01:27:30.600
like you just sit there with a rod in the water,
01:27:30.720 --> 01:27:33.560
not fly fishing, but you sit there with a rod
01:27:33.560 --> 01:27:35.060
in the water for the whole day, and people are
01:27:35.060 --> 01:27:37.399
like, oh, productive day. And you're like, yeah,
01:27:37.399 --> 01:27:43.100
okay. It's very meditative. It's very zen. And
01:27:43.100 --> 01:27:46.000
you kind of lose your own conscious thoughts
01:27:46.000 --> 01:27:48.199
fly fishing. The same thing I've experienced
01:27:48.199 --> 01:27:50.279
hunting and I've not been successful elk hunting.
01:27:50.979 --> 01:27:52.920
I need to get back at it. I haven't been out
01:27:52.920 --> 01:27:54.539
in like four or five years, but I'd like to go
01:27:54.539 --> 01:27:57.100
back out next year. It takes a lot of scouting,
01:27:57.119 --> 01:28:00.460
a lot of research. But once you're actually out
01:28:00.460 --> 01:28:03.239
in the field hunting, I've never been more present
01:28:03.239 --> 01:28:06.159
with nature. Like it is so like every little
01:28:06.159 --> 01:28:09.939
gust of wind, every sound, every shadow moving.
01:28:11.720 --> 01:28:14.939
It is wildly present. And even with my own meditation
01:28:14.939 --> 01:28:18.279
practice, I've never gotten that present as fly
01:28:18.279 --> 01:28:23.359
fishing and hunting. I get it. I grew up in Redneckistan
01:28:23.359 --> 01:28:27.159
in upstate New York. And I guess I feel very
01:28:27.159 --> 01:28:30.100
comfortable with hunting and fishing. Hunting
01:28:30.100 --> 01:28:33.460
and fishing and pickup trucks and literally a
01:28:33.460 --> 01:28:36.779
van down by the river. It's a nice van, but it's
01:28:36.779 --> 01:28:38.979
still a van down by the river. That's what I
01:28:38.979 --> 01:28:43.039
was going to say is it's van life 2 .0. So, you
01:28:43.039 --> 01:28:45.420
know, typically when people do their second revision
01:28:45.420 --> 01:28:48.500
of the hobby, they're streamlining, right? Like
01:28:48.500 --> 01:28:50.359
they're getting rid of the fluff they don't necessarily
01:28:50.359 --> 01:28:52.600
need. They know what's more important when they're
01:28:52.600 --> 01:28:56.460
putting something together. Like, have you noticed
01:28:56.460 --> 01:28:58.939
anything that you had that you didn't have? I
01:28:59.039 --> 01:29:01.520
did. So I went off road with it, trying to camp
01:29:01.520 --> 01:29:06.000
off the rim on the Rio Grande and on BLM land.
01:29:06.140 --> 01:29:09.500
And we, I came to this spot where the trail,
01:29:09.739 --> 01:29:13.760
the dirt road got too rugged. It had a pitch.
01:29:14.319 --> 01:29:16.420
And because I added a hitch onto the back of
01:29:16.420 --> 01:29:18.100
the van, I was worried about dragging the tail,
01:29:18.260 --> 01:29:20.659
which I don't mind dragging the tail on the van.
01:29:20.800 --> 01:29:23.479
But if it got stuck there, I have no recovery
01:29:23.479 --> 01:29:26.560
equipment. I didn't bring my max tracks. I didn't
01:29:26.560 --> 01:29:28.760
bring anything. And it just wasn't worth it.
01:29:28.859 --> 01:29:30.840
And this van doesn't even have off -road tires
01:29:30.840 --> 01:29:34.310
on it. The old van had a six -inch lift. Six
01:29:34.310 --> 01:29:37.909
-inch lift, 35s, and Detroit True Track on the
01:29:37.909 --> 01:29:40.550
front. Like, the four -wheel drive, and not a
01:29:40.550 --> 01:29:42.350
locker, but a limited slip on the back. Like,
01:29:42.369 --> 01:29:45.850
it was off -road ready. And it was longer but
01:29:45.850 --> 01:29:49.569
taller or higher off the ground with rugged off
01:29:49.569 --> 01:29:52.210
-road tires. It also got nine miles to the gallon.
01:29:52.270 --> 01:29:56.189
This thing gets, like, mid -20s and is very civilized
01:29:56.189 --> 01:29:59.949
and very quiet. And we're doing almost no mods.
01:30:00.149 --> 01:30:03.479
Like, basic modular interior. And that's about
01:30:03.479 --> 01:30:06.850
it. All will drive. Kind of all you need. And
01:30:06.850 --> 01:30:09.270
I have no interest in doing anything that modifies
01:30:09.270 --> 01:30:11.670
the drivetrain or the suspension. But this was
01:30:11.670 --> 01:30:13.449
the first trip where I was like, ah, the first
01:30:13.449 --> 01:30:15.350
is really, this is the first trip out. I kind
01:30:15.350 --> 01:30:17.229
of wish I brought the max tracks because I probably
01:30:17.229 --> 01:30:18.869
would have gone ahead and gone over that little.
01:30:19.279 --> 01:30:21.819
that little bump. Or if Leah was with me, she
01:30:21.819 --> 01:30:23.180
could have at least spotted or she could have
01:30:23.180 --> 01:30:25.399
driven and I could have spotted because I think
01:30:25.399 --> 01:30:27.100
that even with a shovel and we could have moved
01:30:27.100 --> 01:30:29.220
some dirt and sand and rocks and easily gone
01:30:29.220 --> 01:30:31.199
over that, but it just wasn't in the moment.
01:30:31.239 --> 01:30:33.579
It wasn't worth it. And I had that momentary
01:30:33.579 --> 01:30:36.159
sadness of, Oh, the old van would have just cruised
01:30:36.159 --> 01:30:38.680
over this, but this one I'm chickening out because
01:30:38.680 --> 01:30:41.539
it's, I can't risk it getting stuck out there.
01:30:42.000 --> 01:30:43.920
And then this one though, you're like, Oh wow.
01:30:44.000 --> 01:30:46.399
25 miles to the gallon and you know, all these
01:30:46.399 --> 01:30:50.199
other benefits. So yeah, it's cool. I'm not happy.
01:30:50.279 --> 01:30:51.939
The universe is punishing me with high diesel
01:30:51.939 --> 01:30:53.680
prices. Oh my gosh, the universe is punishing
01:30:53.680 --> 01:30:58.270
everyone with the diesel prices. Yeah. All right,
01:30:58.310 --> 01:31:00.210
well, I think that's it for this How Science
01:31:00.210 --> 01:31:02.470
Signed podcast. If you've made it this far, I
01:31:02.470 --> 01:31:04.770
wanted to deeply thank you for spending your
01:31:04.770 --> 01:31:08.109
time with us today. We so appreciate your comments.
01:31:08.189 --> 01:31:10.930
And as you can see from our edit or our changes
01:31:10.930 --> 01:31:13.329
to the programming, we take your comments and
01:31:13.329 --> 01:31:15.369
your feedback seriously. So thank you so much
01:31:15.369 --> 01:31:17.289
for subscribing to our content. If you liked
01:31:17.289 --> 01:31:19.569
what you heard or watched on YouTube, you can
01:31:19.569 --> 01:31:22.949
also find us across social media. You'll find
01:31:22.949 --> 01:31:25.550
us on YouTube. Of course, I just said YouTube.
01:31:25.710 --> 01:31:29.020
You'll find us on Instagram. LinkedIn, Facebook,
01:31:29.600 --> 01:31:36.600
Twitter, or so -called X, Blue Sky. And Hamish,
01:31:36.640 --> 01:31:38.520
you've got something going on TikTok. That's
01:31:38.520 --> 01:31:41.899
cool. Yeah, we're TikToking. So please continue
01:31:41.899 --> 01:31:44.960
to like and subscribe. We're very open to your
01:31:44.960 --> 01:31:48.340
feedback. Any last words, Hamish? If you listen
01:31:48.340 --> 01:31:51.819
to us on Overcast, and this is an outside one,
01:31:51.979 --> 01:31:54.439
but if you listen to us on Overcast, can you
01:31:54.439 --> 01:31:56.439
go to our YouTube and comment to let us know?
01:31:57.140 --> 01:32:00.779
Something like, I believe 40 % of our audio listenership
01:32:00.779 --> 01:32:04.560
is overcast. I've never even heard of overcast.
01:32:04.680 --> 01:32:06.699
So I went, I don't even know what that is. Yeah.
01:32:06.819 --> 01:32:08.760
It's just a podcast hosting thing. It takes from
01:32:08.760 --> 01:32:11.840
Apple to overcast, but I think it's like less
01:32:11.840 --> 01:32:14.880
ads or something. Huh? Cool. Just curious. Yeah.
01:32:15.239 --> 01:32:17.899
But yeah, thanks for listening and we'll catch
01:32:17.899 --> 01:32:20.399
you next time. We'll see you next time. Bye -bye.