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Grant Cardone DESTROYS The Coastal Commission & Says Cash is Trash

105m 18s

Grant Cardone DESTROYS The Coastal Commission & Says Cash is Trash

Grant Cardone, a prominent entrepreneur and real estate expert, discusses the critical challenges facing California’s real estate market, especially in fire-prone areas like Malibu. He highlights how older timber homes are extremely vulnerable to wildfires, citing his own home’s survival due to its concrete construction and the destruction of 16 nearby homes. He argues that rebuilding with modern, fire-resistant materials like concrete and steel is essential for safety and resilience. A major theme is the excessive regulatory burden—permits, inspections, and bureaucratic delays—making development slow, expensive, and frustrating. Cardone contends that single-family homes are poor investments due to lack of income and ownership control, advocating instead for multi-family apartment complexes as superior, easier-to-finance, and more stable assets. He notes that federal lending programs make such projects accessible, even with bad credit. He criticizes California’s coastal commission and other agencies as politically entrenched, prioritizing restriction over development, and points out how these policies inflate housing costs and displace potential growth. Despite these challenges, he sees strong demand from affluent buyers for luxury developments like automotive enclaves, signaling a robust market. Ultimately, Cardone believes California’s full potential—its economic and lifestyle opportunities—is being stifled by overregulation, and that true progress requires dismantling outdated, politicized systems to allow for innovation, affordability, and sustainable growth. He concludes that the future of real estate lies not in individual homes, but in scalable, income-generating, and resilient multi-family properties.

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A billionaire real estate and all around good guy Grant Cardone joins me back in the studio. We'll talk about all things real estate and all things California, Malibu, fire. He's got the big place right next to the place I've been chronicling out on PCH. So we'll talk about that. We'll do the news with Andrew and we'll do that right after this. Hello and welcome to Pluto, foe. If you know the name of the movie you'd like to see, just stream it for free on Pluto TV. We're all your bloodbusters favorites are landing all summer long. Catch anchor man, the legend of Ron Burgundy. Fantastic. The Matrix trilogy. Welcome to the real world. Mean girls. Sidebar. Titanic. From the Qi in the world. And so much more. For showtime. Press nothing. They're free. 24/7. That is so effects. On Pluto TV. Stream now. Pay never. This episode of the Adam Corolla shows brought to you by simply safe. From Corolla 1 Studios in Glendale, California, this is the Adam Corolla show. Adam's guest today, entrepreneur, Grant Cardone. Plus the news with Andrew Hopson and now Adam Corolla. Yeah, get it on. Got to get it on. The choice for the guy on a mandate, she get it on, thanks for tuning in. Thanks for telling a friend. We love that about you. Grant Cardone is back, you know him from undercover billionaire. And many other, many other V.H.H. calls. He's been on the show a few times, got a seminar coming up and we'll talk about that as well. Good to see you, Grant. Always good to see you. So, Grant and I are outside. You got a gate now. What is that, what is that issue with security here in California? The jumpers, or did you always have that and I just forgot? I think we changed the gate out here. Security's always kind of got to be in the back of your head in California, but I got to say this is a pretty nice neighborhood, I will say. I will say that about this. Now, I know California and politics and all that's near and dear to your heart. I also know all the fire stuff is a big deal, Grant. I've been in Malibu, I survived in Malibu, but most cannot say as much. And Grant has a big and beautiful home that just miraculously made it through the fire rising. But, they still gutted the inside and that's for fire damage. Yeah, there was a bunch of smoke damage. A lot of 16 homes, you know burnt to the ground. And then the fire got to me to our house. We were in Miami on our way out here and my wife gets me at 6 o'clock in the morning and says, wake up, wake up. The house is burning down in Malibu. I'm like, what the fuck am I supposed to do about it? We're 3,000 miles away. I can't do anything about it, you know? So, I'd say they're going to go or not. I said, I don't think it's going to burn to the ground. And she's like, why not? I said, because one, you know, I'm blessed and two, it's built to concrete. Everything that's going to burn is going to burn because it's old 75-year-old timber. I've been saying this for years, up and down that coast, like let people rebuild, encourage them to rebuild and incentivize to go glass steel and concrete, and you won't have a fire problem. Every single structure in front of you is gone, and then it stops at your house. There's a west of me on that beach is facing south, right, not west. West of me, the next house that doesn't burn is concrete. And by the time it's gone, how many lots over 16 lots? So, 16 structures, fire departments wasn't like, you know, doing some me some favor. I'm friends with those guys, and they're across the street, but they were across the street from the other ones too. No, I know. So the one you were looking at on your Instagram the other day, that's being rebuilt. Now I had rented that house, and it burnt. It's made of, look, you got, you have timber. Yeah. Two by fours sitting in the sun every day for 75 years. Right. Right. Salt, sun, heated every day for 21,000 days, and it's dry, all you had to do was flick anything on it, and the whole place is going to light up. Yeah. And it was like that, because people that wanted to rebuild, or they'll let you rebuild. But it's going to be six years. Oh, yeah. So you have to jump through so many hoops, and if you have money and you want to lift some place, you want to do it now. You don't want to wait until you're 94 years old to do it. Yeah. For people who have money, time is the commodity, not the actual cash, the heart. And I always told everyone that Alan Hamill and Suzanne Summers lived down Malibu, down there that love Malibu, their house burnt down in a previous fire, they wanted to rebuild. They became way too much coastal commission blah, blah, blah, and they just said, fuck it. We're moving to Palm Springs and that's, that's what happens when you have money, but you don't have a shitload of time. Yeah. I was watching an architectural show on Netflix. I think it was. I love watching any real estate, anything, eye candy stuff. And they were, they were talking about this old architectural home in Hollywood, under a mall hall. And the guy was like, well, when he bought the house, it was pretty much done. But they never did put the pool in. And so we went back and looked at the original plans and we put the pool in. And then he says, without any irony, he goes, it took us four years to do the pool. And then he paused and he goes, well, two years for the permit. And then two years to be done. And it's like, why is it two years to put a pool in your yard? It's a your yard. You're paying for it. Why is it two years? And everyone's like, hey, he got off easy. It's like, why are you getting off easy? It's two years for a pool. Why? What is that? It's insane, man. The regulatory, we got 1,500 permits in the bucket over there right now for the palisades. 35 houses have been approved. Right. 19 months now. Yes. My house was not burnt down. There's a bunch of smoke damage. I was covered by insurance. And I'm like, guys, I just want to bring my house back to the way it was. I want to get rid of all the smoke damage. It's my HVAC. It's my electrical. It's all of its inside the structure. I don't want to change anything. I wasn't going to expand anything, change the footprint, nothing. It took me 19 months to get approved. They're up my ass every day. My property. Right. I supposedly own it. It's right. Right. Right. And I just want to put it back. I want to be able to use it. Yes. And they wouldn't allow me to. And then they stopped me and said, oh no, you're going to, they literally, like it's communist a man. Yes. I actually own that property because I have to, I'm sharing it with the state because they're approval for mommy and daddy to tell me what I can or can't do with it. Yeah. I mean, it's an, it's an interesting concept, which is true. Do you truly own something if you, like, let's just say you think you own your car. Yeah. Well, what if you had to ask the state permission when you got new tires for your car or to paint your car? Exactly. He said, I don't know, Grant, we're going to think about it, submit a proposal for new tires. And then it's like, well, at some point, do you own your car? I don't know if you fully own it. If you have to ask them permission, if you want to paint your car, you 100% don't own your house. That's why I've always said a single family home is one of the worst investments a person can make. Interesting. Because you pay for it. You pay the, the interest. You pay to fix it. Right. It produces no income. Right. Right. It produces income. Yeah. Well, you know, it's kind of interesting and you're the guy to talk to about this. But like, I bought this warehouse coming on 25 years ago, and I paid 500 grand for it. And I was like, I wanted a wood shop and I wanted a car shop. And I just wanted to have a place where I could build cabinets and do my woodwork and rent you on some cars. It's funny because later on, I would say to any celebrity I met, like I'd go buy a warehouse and they'd go, why? I don't need a warehouse. I go, first off, you can always rent it out. You can always rent it out, but you're going to use it, believe me. I told Howie Mandel buy a warehouse. Howie Mandel does not seem like the kind of guy went, but you go see him. And now he's got 30,000 square feet multiple warehouses. It's filled. He's got production. He's got studios. He's got a podcast. Every time I see him, he like hugs me and goes, God, I'm so glad I got these warehouses. Because you will, yes, I go to work every day in the warehouse. I bought 25 years ago. And I like going to my own place to go to work. And then when football season starts, there's going to be a bunch of dudes sitting back there drinking beer and the man cave part of the warehouse. So now, and it's a good investment, it's not, you know, you don't get rich on it, but it goes up a lot and it's a solid investment, but it's an investment that you use almost every day. So that's good, but you say single family dwelling, no good, what about flipping single family dwellers? Well, you're just, you're just a prostitute at that point. Where do you, where is the good investment? The best investment in America today is multi-family, large apartment complexes there sale. It's like 2010. Uh-huh. You can still real estate today. Really? Every market, every single market Los Angeles, San Diego, San Francisco is probably an outlier in New York, but the rest of the country is like massive. That's a good market to buy an apartment building in San Diego. It'd be great. Orange County would be phenomenal. And if you, if you want to stay here, if you want to get out of here, I did. I left. Uh, Scottsdale, Arizona, almost anything in North Phoenix, um, not Tucson, Austin, Texas, Dallas, Dallas will be a super boom city. It'll be a massive boom city. It's going to, it's going to be more like a mini New York. Miami Fort Lauderdale Tampa, any of the Carolinas, what is a good natural to start? Like someone says, look, I'm not a rich guy, but I'd like to get started in this process. I got started with three grand. I wasn't a rich guy. I had no connections, no credit card, no money. And my first deal was three thousand bucks. I bought my first real deal was 1.9 million. Mm hmm. It was 30 years old. I bought it in San Diego, California. I put 350 grand down that I borrowed from others. Mm hmm. Mom, brother, sister, like anybody I could credit cards robbed it out of my business. Well, my buddies were buying single family homes. I was buying income property. Mm hmm. So they were bragging about the little house they had. They put, oh, Adam lives here. You know, they're going to have babies and they're going to be all happy. And I'm like, I ain't doing it shit because if I go home, I know there's no money going to jump out of the closet. Right. Yeah. I wanted to, I wanted to have real estate that paid me. Right. So that whenever, whatever talent I had ceased to exist. So the property would take care of me in the future. Is there the flipper? Just back to the flipper. The flipper doesn't do that. The flipper, the flipper is basically a middle class play where you buy something. You make some money. You sell it. But the problem is you're back to zero again every time you sell it. Right. Now I got to go buy another one. The wealthy, the wealthy formulas, buy it and keep it forever and let it pay you. What's a good example of a starter like income property? 32 units would be perfect. 32. That sounds like a lot for a starter. It's not easy. Easy as long you'll ever get in your life. Really? Easier than a house. Easier in this place. Probably easier than a car. Really? Because the lender, the lender is going to be Fannie Mae or Freddie Mac. Okay. They're mandated federal agency supported subsidized. They have a mandate to lend $188 billion this year. They are forced to, this is their job to give money out for that asset. Right. Compared to like a SBA is going to do maybe 12 billion. This is almost 20 times bigger. Right. 15 times bigger. So it's an easy loan to get. It's an easy loan to get because it produces income and they're going to lend on the income. Right. They're actually not going to even allow you to sign on the loan. You're not even responsible for the loan. The entity that bought it, you would run that entity. Right. The entity is borrowing the money not you. So you could literally walk away from that loan seven years from now and your credit would not be damaged. You could have bad credit and do that deal. It's 32 sort of the overrun. You wouldn't go eight units or 12 units or whatever. Because the most important number in real estate is units, the number of units. Like imagine if you had, you know, 32 of these. Right. And you were using one and the other 31 were rented by people like you. Right. You should have bought Howie's. I know. You should have bought it and rented it back to him. I'm just cracking for the last 20 years. So you buy the 32 just the 32. The the reason the 32 is if you take 32 units where the rents are 200 bucks because you know real estate. If the rents are $200 lower than they should be. And you are able to just move them 200 bucks without doing anything. Don't fix the kitchens. Don't do anything. Just hey, the rents were too low. We're going to drive them just 200 doesn't kill anybody. Right. That'll make you a million, about a million to a new value. Right. Because when the rents move, the value of the property goes up. What's going to happen in places like New York when they're trying to do all the rain control shit? Well, what happened already 90 days after this communist madame. He's not your buddy, is he? No. No. Okay. I don't trust those guys. I know about you. Good guys. No. Flip hard. No. Okay. He imposed a million, he basically pulled a million units out of 4.2 million units in is what is in New York and said these million cannot have a rent raise for I think 15 months. Within three months, literally 90 days, the rents on everything else went up 8% right in 90 days. Right. On an annualized rate, that would be like 30% a year. Right. So those are the highest rents in the country, by the way, today. Right. New York City, San Francisco, highest rents in the country, no building, no permits, no approvals, heavily restricted, a lot of rent control, they protect the renter. Every city that you do this in, like this is not political. Every single city this happens, then you have the highest rents. Right. And you have the least amount of building. Yeah. And then you also have the buildings with the rent control falling apart because nobody's going to sink money into maintenance. Nobody's going to spend a penny on those. No, you know, it's funny. I had my own little miniature version of that growing up. My grandmother owned two homes in North Hollywood. And the first home that she and my grandfather lived in, they paid $12,000 for. Wow. And I think it was 1950. Then she bought an income property, a rental property. It was a second home for $10,000 in North Hollywood. She got better at the game. Yeah. Except for she screwed her daughter up and her daughter, my mom, not really employable, gets divorced and ends up living there for free. Right. But they're two kids. Yeah. That house was fallen apart from 1974 to the time my grandmother died and my mom sold it in 1999. Like it literally, my grandmother would not put a penny into that house. The roof was falling off onto the porch. It was a mess. But my grandmother's like, fuck that. I'm not putting money into that place because I'm getting no return on it. And my mom wasn't going to put any money into it because they shouldn't have any, but she wasn't going to fix up a house that wasn't hers. Right. So now you just have a piece of shit in the middle of North Hollywood. Yeah. It's still there today. Nope. Here's what a piece of shit that house was. That, you know what? Look it up, Andrew. Let's see. Yeah. Let's see a picture of it. One one. There's something there. One, one, seven, five, two Houston Street. That's H.U. S.T.O. and North Hollywood, California. See what, see what redfin says. No, I'll tell you what happened. They sold the house and they tore it down. Yeah. And then they built like a little McMansion there. And I want to know the year was sold though, but so it was sold for those year round the country. It was sold for like $685,000, which sounds like a nice home to anywhere else in the country. That's torn down. And they built another $34 million. Another house there. Yeah. Yeah. Probably two, two and a half, three or whatever. It's a neighborhood's not that, the lot's not that big in the neighborhood's not that nice. But still, if she would have made the real estate play and not given it to the daughter, or to your mom, she would have been making $2,500 a month there for the last 30 years. Oh yeah, no. She, well now the joke's on my grandmother because after my grandfather, my grandmother died, then my mother sold that place, kept the money and moved into her mom's house in North Hollywood. So she moved into another house. Then your mom's just a free loader. I think you could call her a free loader. Yeah. I think she did some, well, it was free and she was a load. So yeah, she's free loader. Yeah. I guess so. Yeah. So I was, I remember being a kid like looking at this gun. I don't think this is a good plan. Your grandmother probably complained about the price when they bought it at $10,000. Because everybody was complaining. When I was born in 1958, the average price of a home was about $7,000. Payments were $19 a month and people were complaining about it. What do we do? And fast forward to today, it's the same thing. Like you're looking at a house here today and saying it's too expensive. It's just going to keep getting more expensive because we're going to continue to print money. And as you print money, real assets become a problem. Labor here is probably the two biggest problems in the California are permits. Yes. Just the approval process. And number two is labor. Yeah. What's the street number again? 11172 Houston 11752 Houston Street. Yeah. So well, first off, the numbers are extraordinary because I employ people who are younger and I always have and sometimes they'll be married and I'll know that guy I'm working for me has got a young. Yeah. Two point five. Young wife, a young kid or whatever and I'll go, I know what I pay the guy and they're looking at houses that are, well, they're not looking at houses, but they're trying to get a house at 1.7. I'm like, how do you? No, you don't. How do you do that? And you don't get out either by the way. They're going to do the math on it. They're going to be like, I'm going to buy this beautiful little house and we're going to we're going to be happy and you're not going to be any happy whether you whether you have a mortgage. A mortgage is just a complicated way to say you're renting. - What is that? - Down. - Yeah, what year did this house sell though last? You got to look on Redfin or whatever. - You're trying to do this with that little blue button who's down there. - You got to find out, was it like, oh, five or something? I'm trying to get right there, what was that? - Trying to think, it should save. You got to Redfin or Sill or something when it sold, when the last time it sold was. - You can figure that out. - You're like, Redfin and Sill, we're gonna die 'cause I would just go to AI right now and say, give me the history on this thing and boom, it'll pop up. - Oh, really? - Oh, they're dead. You can go, all apps are dead. - Really? So you go, give me the history. - On one, or you try, 11752 Houston Street and see what happens, see what happens. See if I get mentioned. - Yeah, you probably will. - Dawson, by the way, real estate expert, give me everything you have on 117. - Well, sorry, 11752. - 11752. - H-U-S-T-O-N. Hollywood, California. - North Hollywood. Oh, wait, we got it up there. - What is it? - 11752 Houston Street, North Hollywood. Sold in 2015. - This is just Google based off the renovation. - Oh, okay. See what I, let's say I say. Guilty. - Just give me the data. - Yeah, they're trying to be cute. - So you think Redfin and Zillow and all that? - Google's dead. - Google's dead. - If Google didn't buy, if Google didn't make a major investment AI, it would not, it would cease to exist. - 'Cause everyone's just going for AI. - Yeah, because there's no Google search anymore. - Right, does this, everyone's just going to ask AI everything? - Yeah, that piece of real estate will be around longer than Metta and Google. - Yeah, that piece of real estate, your mom's house that we just talked about will be around all real estate will exist longer than any of these companies that we're talking about today. - Oh, yeah, I think we're getting a feedback. But I don't know if I thought, I think it's your phone, maybe it is. - Yes, it is. - Well, all right. So what's your take on what the hell we're doing in Los Angeles and now we're down to run off between two communist mayors, basically, is where we're at. And they both seem exquisitely incompetent and they know when it seems to be the friend of real estate or building or development. And also, we just need more inventory, right? Like there has to be more permits and more inventory, right? - Yeah, the only thing that cures prices supply or zero percent interest rates with state of California can't influence in any way shape or form. So look, I mean, you got, I was here, I was looking at the whole issue here after the fires. I got all politically interested in everything and when they did, what's the kids name they blew out? - Of the mayor's rights. - Spencer Pratt. - Yeah, I'm like, okay, there's no fixed in this place. - There isn't, is there? - No. - This is not incompetence. I don't believe you could amass this much incompetence this consistently. - Uh-huh. - It has to be intentional. - And what's that? - To drive people out. Why would they, 14 years ago, we left. - Right. - And I'm like, hey guys, I'm leaving. If you raise interest rates from 10 to 13, which was the first move, I was living up on Doheny. - Yeah, you're talking about income tax. - That's right. I said, if you, I'd moved from Texas here. I was willing to pay the 10. I was creating my little businesses. I was a small business owner. Starting to buy some, I was on some real estate. And they went from 10.1 to 13. And I'm like, if you're gonna go from 10 to 13, that's a 33% increase. - Right. - And they were like, oh, it's just three points. No, it's a third more than they were getting. - Right. - And they're doing just fine. They don't need another third for me. - Right. - They're not producing anything. I owned real estate, the Carolinas. And the state of California was taxing the real estate I owned in the Carolinas. - Right. - But what does that got to do with anything? Most of my income was coming from outside the state, but they were getting the benefits of it, which I was fine. And they said, hey, we're gonna raise it. I'm like, no, no, I'm not, you know, no, enough. So we moved, sold our house, took all our equity, dumped it into one real estate project in Florida, 2012. Changed my life, that one move changed my life. We moved to Miami. It's the humidity's terrible, bugs are big. - Yeah. - You know, your hair doesn't look as good. The weather's unpredictable, but I'm telling you, we have made so much money there making that move. - I had a couple things, and I want to ask you about something specifically, something interesting to me. I was in Florida last week, I went, did Sean Hannity show, and I guess the West Palm, I think I was, and then I drove to Tampa. It must have rained 11 separate times from driving from West Palm to Tampa. Like it's so weird, it's like it rained, and then it stopped raining, and then it rained again. It rained 11 different times. But here's something you might be interested in, and I think it's pretty interesting, and I've been to a couple of these places, from a real estate development standpoint. They are, I was at the Auto Enclave, and they're building all these giant automotive enclaves, where they have a racetrack. They have all the condominiums. They have all the luxury, whatever. They'll have a big center where they could host bands, events, parties, what have you. They're immaculate, they're beautiful. They sell the units to the dudes. The dudes have their main cave up top. They have their garage down below. They can take their car out to the track, their membership and everything. The guy who built all this stuff is building another one up in Tampa somewhere, and no, sorry. Wherever Disneyland is, Orlando. - Right, right, and he said, I can't build these things fast enough. Everyone thought it was a crazy idea when I started. I was just at one in Perump, they keep adding. They sell out the condos, the units. Everyone's making money, it's crazy. And I thought, I get the part where you float the idea and someone goes, man, I don't know, that sounds crazy, racetrack with condominiums, who's gonna buy whatever, but they're all pre-sold. - Rich people. - Rich people, they can't build them fast enough. People are trying to buy the ones that are already built, and they're not selling, like it's crazy. - Yeah. - Because they're satisfying that discretionary income, older guy, probably white, bored. Mary has to be failing. Some prescription drugs, he wants to feel good. I got a car out here, I can't drive it anywhere. - Right. - He's got it garage in Miami, or wherever he is, and he's like, I wanna go put it on the track. - Yeah, these things are popping up everywhere now. I mean, it's kind of the answer, there's always gonna be rich dudes. - Yeah, that's right. And we're having a massive expansion, while everybody complains about the young, the young are being priced out of the marketplace. The truth is, we have more opportunity in this country than we've ever had. The explosion of millionaires in America is like a hockey stick straight up, and nobody ever talks about. They talk about home prices, or food prices, or fuel prices, or up. Yeah, all that's true, but not anywhere near the number of people that have just gone straight up. - Well, I'll tell you, there are a couple little indicators, like I said, you know, I just came back from a place, and the guy wasn't shaking his head, going, man, I got 10 units, and I can't unload 'em. And it's like, I got a waiting list. - Right. - And I'm building another, I'm building fast enough. I just got back from Monterey Car Week, and you can tell a lot, probably by the temperature of rich guys, society, and whatever, by how those auctions do in Monterey. - Yeah, I agree with that. - Because it's, first off, people come from foreign wide, it's not like people in the Monterey San Francisco area, you know, San Luis Obispo. - Oh, no, no, the whole country comes here, and then I think, I'll paraphrase a little, but like the big auctions are like good-ing RM. Like RM's best year was like $172 million, and they did 350 million, two weeks ago. And good-ing's best year was 111, and they did 2.45. Like those numbers are up. Just anecdotally, you're looking at Pete Brock's Daytona, Shelby Daytona, they thought maybe 25 million, went for 44 million, like, there's stuff that went way past what the estimate was. - No, but nobody wants their cash. - Right, is that what's going on over there? - It's garbage. - That's why you're gonna see it somewhere. - You've seen money exactly, it's money rotation. People don't, people are scared of the stock market, that they know their money's sitting in the bank is being destroyed, and your lifetime, the value of $100 was lost 90% of its value, and just your lifetime, saving money is not what our parents saving money was a different thing. - It was different back then. You could say money because you can earn 10% today you can't say it should be illegal for the banks to say you're saving your money here Right, your money's being destroyed sitting there. So so the banks giving you 3% and the economy's going up 5% and your base is burning your money What's happening is the yeah, yeah similar to are you getting paid 2 or 3% and it's being taxed so it's really 1 and a half percent right and Then they're printing money 8 and 10 times like we're printing money every day Right, so as long as they keep printing money the supply goes up the value goes down But more homes the price will come down right so if you print more money the value of all real assets goes up So Bitcoin Bitcoin like nobody even knows what it is Bitcoin will explode gold silver Anything that's real not a piece of paper right something that has real so a free f50 is going to fucking just explode It's that Malibu house. I have it'll be I'll probably sell that house for 120 million dollars. I'll finish it. It'll be Perfect and somebody that say I want that house. It'll be some tech guy with too much money. No, it look it's simple if you guys want to Have fun or you just drunk and you just want to check stuff out go back or just bored. You don't have to get drunk just bored Okay, let's say bored drunk. I'll we'll compromise you can go Pick up your phone and go to RM Auctions go to good in or whatever and then you go to history and you can go check out 10 years ago Go see and then you go well, let's see a Ferrari 288 GTO just sold for 11 million and then you go back to 2016 is like 2.2 Yeah, I think so for 2.2 in 2016 you can see all kinds of stuff that was like oh Ferrari F50 sold for 1.7 and whatever that thing won for 14 Like you can go back scarce. Go back 10 years and just look it up scarce assets and too much cash. Yeah, and we're gonna keep printing So you would say Do not put your money in the bank I never put it in I mean you got to store it somewhere, but put it into something, but try to get it out of the bank Like try to get out of it like like if you go to Bank of America and say I want to borrow money This is how bad a bank is I want to borrow money from the Bank of America to buy stock in Bank of America They will not let you do that They don't even their own fucking stock, okay, but they will lend me money to go buy a real estate transaction Right, but the wealthy the wealthiest the wealthiest companies in the world are not the the matters It's the the trillion dollar insurance companies. Mm-hmm. Most of their portfolio is sitting in multi-family real estate The insurance company. Yeah, so that when you have an accident or your house burns or you die It's paid out of the cash flow from the real estate met life in New York life. Oh massive amounts of real estate. Oh They and it cash They just wait 30 30 and 40 and 50 years. They they'll never sell these assets, right? So is it kind of like when they would say McDonald's is kind of a real estate company? That's very similar. That's that was a real estate play It's how you got control of that. So what's the remedy? Louis Vuitton is a real estate play. It is yeah Yeah, the chairman there tell me he's like we're a real estate company. Well, okay, so stop tell me you tell me what's going on I walk around I go to towns. I go to beautiful places I'll see a giant storefront and it's in a really expensive part of town. It's Louis Vuitton Yeah, or even it's Rolex watches or whatever it is and it's a bunch of square footage and a high ceiling and a real choice Place and that rent can't be cheap or whatever it is and there's a couple of handbags and there's nobody in there Yeah, and I always looked at a person like oh, how's this a business? How many bags can you sell because they're margin They're margin is so massive is that what it is? Yeah, Adam Corolla show is brought to you by mod mod prescribes a once or Twice daily Medaphinal drink that can keep you energized focus and alert throughout the day Here's the mechanism energy drinks with caffeine temporarily block Genocene the chemical that makes you tired it builds up and when the caffeine wears off it all comes crashing down and All it wants Medaphinal works differently. It engages multiple pathways in your brain dopamine no repinephrine histamine and Aurexin to achieve steady energy and alertness for 10 to 12 hours Medaphinal was invented in the 1970s and since then it's been used by the highest performers on the planet soldiers pilots and Astronauts on board the space station use Medaphinal in high-stakes situations where full concentration and alertness are Paramount it's now available at mod dot com To qualifying patients. It's mod, right Dawson visit mod dot com That's m-o-d dot com for a free consultation and get 10% off your first order plus free shipping with promo code Adam That's promo code Adam at mod dot com see their website for important safety information and we think mod for sponsoring the pod oh Oh, oh Riley Auto parts. Yeah, they're in the business. Keep your car in the road. You know that they're off for friendly helpful service and the parts knowledge You need to maintain and repair your car Oh, I got race cars race cars. They're funny. They're high performance, but they're simple So you can work on a lot of the stuff yourself and that's why I always go to a Riley look at thousands of parts and accessories in stock Either in store or online so you never have to worry if you're in a jam Their team can test your battery for free in or out of the car So if it needs to be replaced, they'll help you find the right one and if you need windshield wipers Replace the brake light fixed or a quick service. They've got you covered as well I've come in there scrambling before and been astonished and how friendly and helpful Everyone is there and they know their stuff They even held the door for me last time as it the one in Glendale the professional parts people or Riley auto parts are your one stop shop for all things Auto do it yourself and you can find what you need either in store or online It's a Riley right Dawson stop by O Riley auto parts today or visit them at O Riley auto dot com slash Adam. That's O Riley auto dot com slash Adam It's so crazy for ice cream store can't do it now because the margin is right Yeah, because how much is it caught how much leather is it by the way the amount of leather That's an a knockoff Louis Vuitton bag that's sold in Manhattan's the same amount of leather. Yeah, yeah, so what's the cure Tell my wife that see if you can call that for that shit. What's the cure in LA? What is I mean are we just going into the abyss? Because it's like we are it's not our boy What's our guys name the shrine for governor? Oh a Steve Hilton. Yeah, steaming and who's gonna do it? Steve's not because Steve's just too scripted Who's he's not creative and destructive enough? It needs to be somebody destructive like they need to it needs violent It needs to be broken down angry and start now like somebody needs to come in and tell the truth They're he's not telling the truth. He's picking these little handful of problems Mm-hmm, and he needs to come in and be a massive disruptor how do everybody the truth and go for broke? How do you fix it? You get rid of the coastal commission first. Yeah, if I can get rid of it That's 12 people that control 2500 miles of coastline. Yeah, 12 people. Yeah Who hate the Elon Musk? The they control 25 miles from the ocean In inland. I was at 25 in I think it's 25 in check it out. It's some ridiculous number, right? It's 12 people that meet 12 times a year You know control the best real estate on planet earth where? Andrew didn't we have that tape of the coastal commission and they were they're in there Okay, let me explain something they were talking about Elon Here's the problem with all groups. They all become political the coastal commission is political the Sierra Club is political The teachers unions are political every group starts off with some sort of plan of we're gonna call balls and strikes We want what's best for the kids. We want to protect the marine layer the marine the marine animals So they all start with some sort of edic and then at some point and even like I said the Sierra Club We go like all you want to do is protect the Sequoia trees and stuff. Nope at some point College graduates show up lots of women with degrees. They have a fucking agenda and they become politicized Yeah And then they cease doing their job Whatever they were whenever they said they were gonna do at the beginning the cease and they become something else That the coastal commission is done protecting the coast. They want it Do you think she lives on the ocean? No, and also it's a bunch of Twent as I screened my video think I deserve to either by the way she she thinks I don't deserve she doesn't want you to live there Right, so then so what it is is You think building and safety and plan check and everything want to facilitate you building they don't want to facilitate it I want you to go away that they want me to go away right they don't want me there They want that beach back will play the clip and by the way Elon sued them. They don't want the taxes either by the way They want to bankrupt the state. Oh, yes. I want to bankrupt the state because if they could pull that off They can then depend on federal federal dollars Because the federal government could not let California die, right? You would have been Cataclysmic shipped on planet earth if the state of California went bankrupt right and it's already bankrupt You can't service the pension funds the fireman the teachers. It's impossible to fund this right all right Well, we'll play the clip. Sorry, and that's why somebody destructive. I'm sorry. That's all right Elon Musk is hopping about the country Spuing and tweeting political falsehoods and attacking FEMA while claiming his desire to help the hurricane victims with Free Starlink access to the internet, but this claim in itself is Public benefit. This bitch is supposed to be talking about marine life in erosion Yeah, but they've turned weaponized to go after Elon Musk Yeah, is that what you want out of your commission? I don't know. What if baseball umpires made their calls Based on what they thought of Elon Musk versus balls and strikes. Yeah, I'm sorry. Start this at the beginning again It's pretty funny. Elon Musk is hopping about the country Spuing and tweeting political falsehoods and attacking FEMA while claiming his desire to help the hurricane victims with Free Starlink access to the internet, but this claim in itself is to the public benefit as a falsehood because one must first purchase The Starlink startup kit for several hundred dollars and then face a monthly fee of a hundred and twenty dollars 30 days Women and their angrily deployed to gain customers that are facing tremendous burden and dire straits their hurricane victims The California Coastal Commission discussed Elon Musk's social media post during a meeting Which influenced their decision on allowing SpaceX to launch rockets? Commissioner Gretchen Newsom. Could decide By the way, they're all when I was in my hotel room I almost two years ago and I was screaming that the 28-year-old lesbian at the Coastal Commission is not gonna let you rebuild This is who I was talking about. I was talking about these people and the next layers FEMA. She mentioned FEMA in here Right, so FEMA they used and there's a personal experience in real time They the Coastal Commission Once they couldn't stop me from fixing my house. They then Passed it off to FEMA to say His you know my decking underneath the house. I've been under it Yeah, and I've seen where they cord samples to see if the concrete had been compromised Yeah, exactly and and they came back with your house is six inches lower than it should be Right now you've lived here your whole life. Yes, has there ever been a threat of floods in Malibu? I will tell you this. I've lived here my entire life. I Have never seen a depiction of the ocean on PCH There's been rough seas. There's been tides and everything else that water has never made it to PCH And PCH is eight feet higher than the water line and no, it's never happened It's never happened. I've never had to drop a water on my deck. Right from the ocean. Right. I sit on the ocean So I've ocean I have beach in front of me But there's times where that ocean pulls all the way into the house. Yes. I've never had an issue No, it's my house man. I don't want to drown in my house. Let me fucking drown in my house That's the other thing too I one of the most ominous moments I had is several years ago I bought another warehouse and I'm renting it out right now. You'd be happy. You land Lord Yeah, Lord of all the lands that's right and I was building in there and of course department of building safety Saw me building like a mesonine thing in there and they came in and they shut me down I said you got to pull a permit blah blah blah and I went I had to go draw get the drawings engineering Whatever and go to plan check and I went to the building and safety department in Glendale, California And there's the same 26-year-old chick behind the counter and and I said I'm I got to pull a permit I build a mesonine a warehouse and she goes What are you gonna do with that warehouse and I said I don't know put some cars in there and she goes They might let you do that. I thought they might let me It's crazy. Do what I want in my warehouse. It's crazy. But The problem is not it's you and me it's we we're not the problem. It is the coastal commission But it's also a lot of fucking dingbats in this goddamn state a look no further than Jane Fonda That clip of Jane Fonda Andrew talking to Bill Mar. It's the greatest Clip ever because you go well, you can hate the coastal commission and you can hate Karen Bass and you can hate Gavin News So man and fine building and safety all that But it's because we put up with it. It's become so many people are on their side. Yeah like they they Help them they get their votes like look they're licking their fingers. They're holding it in the air They're trying to get votes if if enough people didn't want to put up with this shit. They would change their ways It's long it's really it's not their fault. It's like during COVID when they shut the beaches during COVID in California We all should have went to the beach. Yeah, yeah exactly. Don't the fuck off. Yeah. Yeah, but nobody went to the beach So it they're just flexing their muscle and boss and everyone around just gonna get away with right we're putting up with it And you can when you hear Jane Fonda leaf No, I should have but I did I did go the beach You know when I left I left when somebody reminded me You understand that you can lead the state of California and still go use it as much as you want right I was like fuck. I wasn't even thinking about that. Yeah, you thought you'd be never be able to come back and this is what people from New York are doing They're going to Miami people from LA are going into Miami saying I can leave Not pay the price right and go use your your your your state like a prostitute right when I'm done throw it away Yep, and that's what's going to happen now. I of course. All right. This is uh Dumbo, Jane Fonda with Bill marries. She still lives here. I guess she just I don't know if she knows where she is But here we you really don't believe that the state we live in California is is lacking regulation is over 300,000 Regulations. I mean I want well, maybe they're needed. They're not When I tried to put in a garage door. I had to have three inspections and there there should have been none I should be allowed to change my garage door. Are you kidding? Really? It was about a garage or absolutely I'm sorry. Yeah, that is no you know this about California. No, I don't Well I'm sorry. I don't you don't you've never heard that California is overtaxed and overregulated That we are we are a one-party state where there's sort of no checks on that sort of extreme leftism And then why do you think I don't for a minute consider california a state that is extreme leftist Not at all, not anyway. Well, that shows where your pilot's exact That's not where mine. She'd like it to be more leftist She doesn't think we're overregulated, but she's never pulled a permit or swung a hammer down anything So yeah, I wanted to put a little you know that little driveway I have on the side of my house You can actually the gates open and you can drive cars in there and yeah trucking I wanted to turn that into a Patel what is the new game that pickle ball pickle ball. I can't do it They won't let you whose house is it? Hey, well, it's not yours and then you're talking about I mean I can do it without a permit and I will Yeah, yeah, well, you will get there's plenty of bootleg and if I wanted to change the glass on the deck I gotta get a permit if I want to change the fucking stone on my pool. Yeah I got to get there approval You know the thing if I wanted to take those uh things above the deck that overlook the ocean and I wanted to fill them in They're like you can't fill those in because I the birds come in and shit on the damn deck And I'm like I want to just cap it off with the roof. They can't I can't it will not be allowed by the coastal commission for me to do that You know, it's funny. Bring that up. I told you I had the other thing you'll learn about California's kind of interesting which is When you try to order stuff online they'll go we'll ship to any state except for California because it's illegal in California And so when I was talking to you about pulling the permit for that mezzanine in my warehouse I built a mezzanine level and I wanted Glass railing going all of uh going around it so you could see down look better so and so forth just like you'd want on the deck sure and I was ordering the glass and they said uh Do you want I think it was tempered glass or safety or laminated glass or something like that I was dealing with the company and I said all which ones cheaper and they're like well the the laminated is cheaper than the tempered glass I said oh give me the laminated they go we don't ship to California. I go where you don't ship to California now Well, I go why not they go they got rules they got they got a rule Against it and I'm like but you ship to every other state they go yeah Well, is it dangerous like no, yeah, they just have a rule and you got to get the more expensive shit and you can't even they won't ship it to California. It's like Nobody understands these rules they don't understand How debilitating they are they don't understand that it's choking the life out of California And Dumbo's like Jane Fondat want more yeah, which is it makes it makes everything more expensive and it makes everything take longer to do and then you have less supply and you have less supply you have higher prices right expensive housing in the country right here and they go all the time then the politicians go we need low come low income housing for the people's you know unhouse neighbors like you won't build anything you can't build anything you're over-regulated yeah it's so insane I should I believe that I should not be allowed to have a single family home on carbon beach those should all be big condo complexes right there's there should be 300 people 300 families should be enjoying that one that one lot I have yeah like they do in Miami yeah that's interesting yeah because I'd have unbelievable views yeah you got up you know especially up high there'd be there'd be you know 102 other 100 other families that would benefit there would be more taxes for the state but they won't let that happen your place so you took a core sample or they forced you not so everybody here's how it works places burned and then concrete gets compromised although I don't know I don't think so I don't really think so either it's kind of bullshit but when they call me about the core I'm like you don't need to do core sample you didn't fucking burn through the concrete I got 23 inches of concrete no I I get it now here here's what I'm saying yeah if there is a homeless encampment underneath the freeway overpass and a huge fire starts underneath the overpass and the overpass gets covered in flames for a prolonged period of time and you have commercial trucks going over that over that thing yeah then go ahead and take a core sample and see if the concrete is compromised but for your home no truck no trucks on your deck not even any fatties no fatties no fatties no freeloaders either and the house you know burnt but not your house your house did not burn we do not need I had 75 I'm sorry to interrupt you but I had 75 foot hot flame that it burnt down successfully burnt down 16 other homes and I had a 75 foot flame underneath this house I should have sent you the the link to it hot 75 feet underneath so who said you had to do who said you had to do a core sample one of these one of these egg most man so and so the city because they're just checking boxes okay now he's got to go do X now he's got to do this so they're gonna they're gonna go to your that's not damaged by the way that's just that we painted I wanted to paint the damn I'm such an idiot I can you show it again I wanted to paint the pillars so that they want the case on yeah yeah those are 24 no those are 36 inches wide yeah 32 feet deep oh yeah they wanted me to replace those yeah yeah I know to raise the house six inches yeah I know it's it's it's awesome so you take the core sample they take it to a lab and they do a crush test on it no clue I just know I had to pay for it no telling what they charged me for that by the way and in your past yeah you think that's the core sample right there yeah they they they take a whole saw and they take they go in fire and concrete don't mix and concrete wins every time yeah okay and I have 16 homes between me and the next concrete house that proved that it wasn't that I was blessed they'd like oh you're so blessed I'm like number it's concrete and they may do do with this made you do a core sample yeah and then wanted you to raise that whole thing six inches which is I didn't even know why which which means that the house would have gone from me spending maybe 12 million to fix it 60 million same bro they don't want you to build I know it's all wrong because because they do that you know unfortunately is it's gonna be the halves and the have-nots and it's going to make that beach more expensive by the way oh yeah I mean Larry's placed in burn Larry's son's place didn't burn yeah the the contracts were camped outside of Ellison's place oh you know I had a story about that telling if you can confirm Ellison owns he owns six or eight homes and no boo and the no boo hotel Oracle guy yeah the Oracle guy yeah so he is a he is a master real estate guy like he loves ocean front well he's got some ocean for all over the country he owns so down the street from grand yeah is Larry Ellison's place and between that is David's which is the son this right now now yes and he's got a place that he built ground up new triple lot and beautiful beautiful and young by the way very rich but he's had any had the time yeah he's 35 years old he's got the time he can wait seven years but if you're 60 or 65 when you normally have this kind of money you don't have seven years because you're gonna be 72 by the time you move in right so he built this I don't know massive 18,000 square foot whatever I don't think it's that big oh I think it's about you think it's that big no no I don't I was starting to say in you he said massive so I checked I was gonna say like 15 or something like that but I bumped it up because you said massive yeah so then he builds this amazing place I mean I don't know what that place is worth it's worth 150 million 150 million box right if it was in Palm Beach right now it was sell for 200 million really Palm Beach is on fire Palm Beach has become California Miami's become LA remember when they were trying to bust Trump and they said Marilago's worth 17 so stupid so he built that place and his son he's got next door but I went to the Mexican restaurant across the street and I was talking to the guy runs that place and he said that Larry Elson wanted to buy a place next door and the guy wouldn't sell him but the fire ended up taking out that guy and then he got that lot yeah it's crazy and what do you think about his son Milka owns there Milka owns there oh Michael Milka yeah what's his name Cretzenberg yeah Cretzenberg yeah what about the paramount WB thing anti-trust thing you fall that at all with it'll get approved you think so that's a done deal you think it's a done deal so they're not going anywhere or they are going to go somewhere no I think it I think it becomes a deal and and David gets his way yeah in paramount stays yeah that's what you think yeah do you have any inside info or it's just no one business just business just business with a smile yeah okay so they're Stan yeah they're Stan all right that's good to know yeah and California is going to stay as much as I want to doll California you know this place is so unbelievable well for the largest economy on planet and probably going to get bigger but that's the part the part where it becomes a shame it's a shame no it's here it's sort of like implicit in the crime I think what you were referring to earlier yeah no you feel like well my mom's basically last words after living in her her mom's house is for free when Larry elder black yeah sure I know Larry black host talk to host the man LA times called the black face of white supremacy by the way and they're infinite wisdom at the very end my mom was real old and she said like sort of who you vote for so like Larry was running against news some and she just said I don't know who Larry out you know I don't know who Larry elder is but I know who Gavin Newsom is and I'm voting for him and I thought you're the problem you're the problem but you don't own anything you move yeah so then the saying the saying here this is the this is what I pay for this is the the adage of California this is what I pay for but I just want to pay taxes because the weather so beautiful I here's what I feel like California is I feel like it's the potential part that bothers people like us the most it could be run efficiently it could be done right we could be in a utopia I feel like a high school football coach with a crazy ringer athlete like an Allen Iverson type a guy who could run a four to forty and has a 42 inch vertical and everything like that and I catch him smoking pot in class unlike it's a shame because the potential is there there's so much there if you would just live up to part of it unmatched potential whole planet by the way not just America right entire plan you cannot go anywhere on this planet and find a place like this this is my theory of why we can absorb so much bad policy because there's so much good here yeah that we can actually poison ourselves with horrible policy for in perpetuity and yet we're still yeah Larry Ellison is still there yeah yeah or did or might make it Larry L there and tell you that Larry Ellison's not the problem right he's just taking advantage of the situation this this goes back to the house and the house not so you there the people that supposedly are trying to protect the little guy are actually it's completely reversed you're you're just making it easier for a guy like me to buy carbon beach right and so what we're going to end up with is insane wealth yes insane amounts and not the wealth that we see today garish amounts of insanity homes along carbon beach that are $300 million. - Guys with warehouses that have gates? - Yes, guys buying-- - Just for their hobbies. - F-50 Ferrari's at Monterey for $15 million, and then wild poverty. People on the street, filth everywhere, sleeping on sidewalks, like exquisite wealth and insane third world poverty, all living essentially next door to one another. And then the wealth they'll have all the security they need. We're about to walk into the greatest wealth transfer ever on the planet, $120 trillion in America is going to be transferred. From people our age to whatever generation, your kids or grandkids or your church or whoever you're going to give the dough to, that transfer is going to be massive. Somebody's going to probably get it back from them again, but it's going to go through about 25 or 30 years to transfer, and you're talking about immense amounts of wealth. Like more wealth than we've ever seen transfer ever on the planet. And it's a baby boomer thing. Everywhere the boomer went, you're a boomer. Everywhere we went, we built schools when we were kids. They built schools for us at scale. And when we went to college, they built colleges. And then we did jobs. Everywhere we go, we just explode. Now we're here at the end of our lifetime, and we're going to transfer all this wealth. And it's going to be yachts. You're going to see yachts explode in value. They can't build them fast enough. You're making billionaires faster. You can build boats now. - Really interesting. - The high end, the medium, the middle class boats are going to get destroyed. Everything that's 150 feet and above yacht life, that shit's going to go just nuclear. It could actually appreciate in value when it, they always said don't buy a boat. Luxury homes in the perfect location. If they're done, it won't matter what they sell them for. Or they ask for them. Where's Malibu property going to be a decade from now? I think my house will be, I think that whole carbon beach right there will be, you know, that'll all be minimum, 30 and 40 million dollars. - Just for the real tiny ones. - For the tiny ones. - Yeah, two thousand. - My mind could be a hundred, 150. - Yes. - Could be whatever, you just got to find one guy. - Yeah. - And then you know the place, what's it just the other side of me? They call that La Costa Beach. - Yeah. - They lost 80 homes there. Those are all be four and five million. - Oh, they'll be more when they're rebuilt, I think. - What do you think the palisades is going to be? - I, you know, look, I've let them rebuild, right? - Oh yeah, they're rebuilding. Malibu's real slow, but the palisades is doing something. At least, then look, you're talking to a guy who grew up in a house that cost $10,000. So I'm assuming it's just going to, it's never gone anywhere but up. - It's going to go up. - Yeah, but look, you know what I feel about real estate? You ever go to a stake house and it's like, stake house since 1951 and they print the menu from 1951 and you see Porterhouse stake, $1.29, Shrimp cocktail, 51 cents. I don't know why they do that, by the way. It just fucks with your head, 'cause now you're paying $34 for Shrimp cocktail. But it only goes up, because they print money. - It just goes one way. - I'm not even sure that the cost of the strength or the house went up. - Right. - I think the production of money went up. - Right. - We produce more money. We destroy more money every day and we produce more, we literally create more money every day. So the value of real assets, hard things, this table will probably cost more money unless they figure out AI generated. - Well, let's give you a plug before we wrap here. Do you have a seminar? - We have a live business training for business entrepreneurs, startups, or you guys that are making one to three million, five million this Saturday, we're gonna do a live training that we put a link together for your audience to come. - That'll be September 12th. - You don't have to travel. - It'll be a 12 p.m. Eastern. - I'll send you a link. - And we'll send a link. And who would be interested in this? - Any business owner, small business owner, if you're sick and tired, or being sick and tired, not getting ahead and you're going sideways, you're going backwards and you're seeing other people blow up. There's a reason, they have a system. - Grant Cardone.com/Adam, and it's all free. - Free, completely. - 100% free. - I'll try to sell you something. - That'll be, I will try to sell you something. I guarantee you, okay. The day you see me not try to sell you something, you know that I'm on my last days. - That, again, Saturday, September 12th at 12 p.m. Eastern. - Grant, always great catching up with you. - And I hope when you get your house remodeled, do we do a show out there? - We'll do a show out there from the freshly minted Cardone house. I shall, and we'll have a beer on the deck. And get shit on by seagull, 'cause they won't let you cover up the scupper homes on the roof. All right, we'll take a quick break, be right back with the Andrew in the news right after this. Simply safe, well, when your home is under threat, you need more than a recording of a break-in, you need it prevented. Simply safe, stops break-ins before they start. When a burglar steps on to your property, AI-powered cameras, alert life, US-based agents who take action to deter them and call for police dispatch. With crime rates increasing California, I used to be a nervous wreck, leaving my home without my stuff protected. That's right, my old system. It sucked. Now, I go do shows on the road, I sleep soundly. It's great knowing I have real agents to scare off. Any of the punks try to break into my house, trust me, you're gonna feel whole lot safer. With simply safe, right Dawson? - Right now, you can get 50% off a new simply safe system. Go to simplysafe.com/atom. That's simplysafe.com/atom for 50% off. And when you order, please ride in. Adam Corolla Show, in the "How did you hear about a survey?" To let them know that we sent you, don't forget, there's no safe, like simply safe. - Quince after a while, you just want great clothes that you can wear with everything. That's what Quince does. They focus on wardrobe staples, made with premium materials, like 100% Mongolian cashmere and marino wool. The styles are timeless, versatile, and designed to become dependable pieces. You reach for day after day. They're 100% Mongolian cashmere sweaters. Start at just 60 bucks. It's luxury quality without luxury price tags. Quince also makes premium pants, fitted tees, and polos, and breathable active wear. Everything at Quince is priced 50 to 80% less than similar brands. They work with ethical factories and cut out the middleman. So you're paying for high quality, not brand markups. Recently, I love wearing the Cotton Peak Knit Blazer for all my fancy dinners. Trust me, you're gonna love shopping at Quince. Right Dawson? - Find your next fall favorites at Quince. Download the Quince app for app exclusive offers. Go to quince.com/ACS. Get free shipping on your order and 365 day returns now available in Canada and the UK, too. That's q-u-i-n-c-e.com/ACS. (upbeat rock music) - It's time to check Adam's voicemail. (upbeat rock music) - Adam, this is Billy and Honeycomb Beach. I like the idea of President Trump changing the name of Lake Ontario, Lake America. When I was a kid, I learned all the great lakes by the acronym Homes. I guess we'd have to change the acronym to shame later. - You can leave us a message at 888-634-1744. - All right, well, back in Maui, Andrew, and I, Traveling and covering the Linai fires and all our Lahina fires and all that kind of stuff. So we're grabbing the news on the road when we can get it because of the schedule, but we know you guys like the news. And everyone loves Andrew and there's nothing better than doing the news and watching guys do windsurfing at the same time. Which seems like about the freest year of her gonna be is windsurfing, right? Just skipping along those white caps, going 20 knots, having the mother nature pull you along, getting a good upper and lower body workout in, all great. So anyway, we're in Maui, we're looking at the ocean. Got a couple things to tell you about. And I don't know, I'm kind of jealous of these guys. Mike and I had some business on a Wahoo. And so we had to get up this morning and fly in. And of course, we had a thing in the evening that ended pretty late. And then Mike of course told me that our flight was 715. And so airports like a half hour away from the hotel. So we agreed to meet down in the lobby. 540 this morning except for the flight was 9 o'clock and I got up at 5 and took a shower and then got a casual text from Mike saying you don't have to be down for another hour and a half. Which case I tried to go back to bed but I do my cold shower in the morning when I take the freezing cold water. Forget it. It weights you up so it makes it hard to go back to. By the way no apologies and no explanations just got the car with them an hour and a half later. It's okay. Didn't say anything. So we had a driver. Now our driver was one of these perpetually happy guys. The kind of guys just laughing and smiling like the whole time. Little bit of English issues but he was I don't know where he's from. He's like Polynesian type guy. Middle-aged guy and so he's driving tells us about college football and Mike's explaining that on the Pat McAfee pre-game show they they're having them do the million dollar field goal. It's an extra point I guess it's 33 and a half yards so so it's Mike and then it puts a million bucks up and then the guy says I'm gonna double it. Pat McAfee does and so he says two million dollars for field goal and the guy kicks it misses it. Then he says you're gonna suck and try and he kicks it and he misses it again. By the way I don't know you want to talk about fucking with somebody for the rest of their life. Yeah I mean if somebody said to me when I was 19 and and I was really poor when I was 19 and my family was two but if someone said me when I was 19. Him and a million dollars I'm just gonna toss a coin. You call it and I just went heads and landed and just went tails and then I went damn anyone. You want to try it again? Yeah I want to try it again. Alright let's do it again. And he flipped it again and I went tails and everyone up heads. Sorry see you way out. My whole life would be ruined from that point on. You understand I be nursing that in my hand for the rest of my life. Like why didn't you just say heads when it was dead? You know like I would be I'd go back to my shit job. I'd get my paycheck for the end of the week for 211 dollars or something and I'd be good god damn a million. It would I think would haunt me. Yeah it would haunt this kid. You should be able to sue Pat McAfee. emotional distress. Yes how much therapy this would have every time something happened or like uh then the transmission of your Toyota went out and it was $841 and you didn't have the money and you're like damn two months ago I had a million dollars and I'm like you know what I'm saying? So anyway the guy misses the field goal right for two million dollars. Yes. Then he says try it again and he misses again exactly the same way according to my for two million dollars. Our driver is one of these guys. He's driving and I was like oh two million dollars. Two million does that kid's dropping out of school and hey all of a sudden everyone's his best friend and all the girls love him now and he keeps going on and on and on and on and a certain point is that guy that guy is going to buy himself a condo retire you know and so at certain point I go hey no no he missed the field goal. He missed the field goal. He did not win the two million dollars. He lost the two million dollars. Yeah and he's like oh okay and we drive like for another minute and a half and he goes you know that kid's parents they're going to be coming up saying you pay for your own college now we're not paying for any more college I go okay well I guess we're just gonna go this direction now right. Yeah that's exactly what's going to happen. His parents were like you know a matter of time I bought you a letter in jacket in high school you got to reimburse us. He's like oh unbelievable unbelievable like he's saying unbelievable and a weird one he's like unbelievable like he's almost saying but unbelievable and and and and and and then now we're just all rolling in the car. That guy that guy's gonna quit he's gonna quit college gonna give himself a private jet oh unbelievable unbelievable. He was the greatest. We got out of the car. I said like I know you and me are like making fun of that guy but don't you secretly wish you were him like just over the moon. Couldn't even accept the news of some stranger missing a field goal. He literally was like in his world he made that field goal and it was unbelievable and he was laughing at smiling the whole time and I really had no idea what he knew and what he didn't knew but all I knew is he was in a great mode. It's a positive outlook. I wish he was like if a if a if a two-year-old black lamp could be a human being that's who that guy was you know what I mean just yeah just in it to win it man just excited excited for life you know yeah that's what that guy was then that'd be like a fun movie of the week a podcaster meets an Uber driver changes his life that's kind of like a you remember the trope from like the late 80s and early 90s like this homeless guy taught me how to live oh Joe Pesci oh man yeah with honors yeah great that's it you don't really see that trope anymore no that was a huge trope it was just every like you so caught up in my material possessions yeah that taught me how to live yeah that freedom was not having the possessions yeah there was a lot of that it kind of turned it started with the whatever when that story about the guy picked up Howard Hughes outside of Vegas Melvin Howard yeah he showed him kindness and he didn't care about his money he didn't know who he was you know it's just a good dude just a good just a good dude that story turned out to be bullshit by the way but but anyway yeah there was a lot of that there was that trope there was I learned more from that homeless guy than I learned in prep school right then there was the big-time rich hot actor sky who just felt check who fell for the sloppy dude yeah some reason oh yeah the nodding Hill yeah they made like 11 of those movies in a row yes there was that one and there was the you know because let's face it all the rich people in the 80s were always miserable like they would they would they would sit and have dinner but they'd sit at either end of a 14-foot-long table and like the rich guy they would dress for dinner this was all insane to me because I would eat dinner on my stepdad's bed watching a TV in the 10 because in only place we had a wall-mount air conditioning a window-mount air-conditioned that's it they're eating a hungry man sells very steak dinner sitting on my stepdad John's bed and my but in these movies they dressed for dinner you know tie-on put a gown on and then it's some and there either end of a 14-foot table you know what I mean and he gets served and then the guy would say to the butler he'd go please inform Mrs. Jenkins that I don't care for her tardiness thank you and then he'd walk across and you're like oh they're rich with their so that's how they do it they're so miserable but that guy's poor but it's free you know man yeah this guy just drove and was stupid yeah unbelievable but he was he was pumped he was he was pumped up I'm bummed I wasn't in the Uber he sounds like a not an Uber not an Uber we as a car service car service and escalade I can't like escalade what an amazing unbelievable Melvin and Howard starred Paula Matt who's also in yeah loha bobby and rose yeah and also American very graffiti right so then I was literally literally raped by a sausage I I had this thought where I said to Andrew and Mike I said I'm gonna make you to a scramble I'll make you the best scramble your life I'm making eggs for breakfast and I'm making you guys a scramble so I said Mike what do you like and he said I like onion I said check so like sausage I said check I said like cheese I said check I said okay we're good I may put some tomato in there but we're doing a scramble so we stopped at this store and it's in Maui and I got all the fixings and Andrew like spinach I got everything we need and I was gonna go look for this I went to go look for the sausage and I went to the that meet the the butcher's counter now let me tell you guys a tip when you're making sausage like you're doing pasta sauce you're doing sausage in it and they go do you want a hot one or a sweet Italian one go 50 50 go one hot one and one sweet one and mix them all together oh yeah turns out turns out good so I'm looking for the Italian sauce I'm seeing Brock worst and blah, blah, blah, and I see Italian sausage, and it's Johnsonville. And I'm like, "All right, that's a good brand, this looks good." But it has a little logo on it, and the logo is Dr. Pepper. It's a logo of Dr. Pepper on it, and I'm looking at the Dr. Pepper logo. It doesn't say anything. It just has a logo of Dr. Pepper. And I'm looking at it, and I go, "What is that?" Some sort of game day thing, like Johnsonville and Dr. Pepper, you know, drink each or have your, your broth, your sandwich, give your broth, and then drink your Dr. Pepper, like send in your fruit, and I just, I just keep looking at it, and it's a, it's a regular Johnsonville sausage, Italian sausage raw, you got to cook them, big, big, thick ones, and a logo for Dr. Pepper, like in the corner, and I'm trying to make heads or tails, and I'm a fucking retard, because I'm just looking at it, going, "It must be some cross-promotion." And I'm thinking College Football, or I'm just thinking Collegeville, or whatever that stupid thing is, with Bosworth, you know, I'm thinking they're selling Dr. Pepper's got a crossover deal with the sausage, you know, such a sandwich. Anyway, I come back, I'm telling everyone I'm going to make them a great, great scramble. So I start cutting up all the sausage, and I get the, I get the onion out, and I get the butter out, and I'm like sauteing the onions, and I'm sauteing the sausage, and I'm cooking it all up, but I'm standing over the pan, and I'm getting a smell, and the smell is weird, like it is not savory, it's not sausage-y, it's just a weird smell that I've never smelled before. A little bit of a chemical vibe to it, a little sweet, I don't know what it is, but I'm not at my house, it's an art, art my pots and pans, it's not my stove, so I think I'm getting some kind of weird somebody else's house cooking residue thing, and I don't know what it is, but I keep smelling it, and I'm using a convection oven type thing, I'm using a convection oven thing, not a flame, the glass, anyway I'm cooking it all up, and at some point like I taste one of the sausages, and it tastes just weird, it doesn't taste good, it tastes a little bit bad, but mostly it's just weird, like totally flavorless, and kind of weird, and I'm like what is that, and something, I'm thrown off because I'm not, I'm not home-court now, I'm someone else's house with the weird glass cooked top thing, and I'm like I don't know what this is, and so I cook it all up, and I keep tasting it, and I'm like this sausage tastes like cotton candy, it doesn't taste like sausage, it's not zesty, it's not flavorful, it's not anything, it just tastes like, it looks exactly like sausage, and it tastes like, like somebody put like a poof of like air freshener in your mouth, or something, when you bite into the sausage, I think it's sweet, but it's not flavorful, but it tastes weird, but it tastes like powdered sugar or cotton candy or something, what the fuck is this, and it is gross, and I made up three big ones, I've got the whole thing up, and I'm like what is going on, and I'm reading the package, and I'm like this is Dr. Pepper flavored sausage, that I fucking bought, I broke my rule, I hate when I go yeah, I looked around, I was looking for the sweet stuff, and I was looking for the hot stuff, and I was like I don't know where it is, but this is just sausage, I'll get it, and it was the fucking grossest tasting thing ever, also I swear to God, it's got to be a regional thing, there is no goddamn way, you can go to the whole foods in Malibu, and get Dr. Pepper flavored sauce, Dr. Pepper infused, this is a Hawaiian thing, this is because they eat gross meat weird shit, they got a weird palate on them, it's got to be that, it can't be nationwide, it can't be, it can't be in California, it's like it is nationwide. Yeah, Jonathanville partnered with Dr. Pepper to release an official Dr. Pepper inspired sausage. It needs to say this is Dr. Pepper's sausage, it's not just that logo, this is just the flaming Cheeto application of the palate in America where we're just destroying your taste buds. Yes, there's nothing broken about sausage, this stuff tastes sweet, flavorless, a little nauseating, mostly weird and inedible, so then I make this whole big scramble with the sausage in onion and cheese and everything, and it just tastes like shit, and so I just eat around the sausage, thankfully Mike makes the proclamation, there is no bad sausage, and Mike devours all the sausage, and then I said Mike, there's still some sausage and egg left in the pan, he's putting it on, he devours that too, he loved it, and it was grote, I don't know, you guys know what I'm talking about with food, when it crosses over into weird, almost weird where you're like, is this bad, or like something, I get stuff that doesn't work, like there's like, oh this is too salty, or this is too hot, or something like that, that's not what this is, this is weird, this is your mouth is going, I don't know, this is like, when your dog bites into like, some pickled root of egg or something, like bites it, and then opens its mouth and drops it out, like you know, pets just open their mouth and go, oh, and it just falls out, that's what you wanted to do with this weirdo Dr. Pepper sausage, and it's on me, I just didn't know it existed, and I didn't know our society had decayed enough for us to even create this, I didn't know in my mind, they were there, you're not alone on this, there's some deeply divided reviews, how can there be a good review, it was cro-cask, yeah, this Walmart review says it tastes and smells like a scented candle, I just said that, yep, holy smokes, wow, these dogs are not meant to be raw dog, meaning, there ain't enough spicy mustard in all the fucking Bavarian to fix that sausage, oh man, the sausage is way too sweet, the flavor profile leans heavily into artificial cherry, yeah, it's weird, it tasted like an air freshener was in your mouth, or scented candle, so I remember, I remember going to my great aunt's house, she had all those old look magazines, I remember this, because evidently in the 60s, Dr. Pepper, to keep Dr. Pepper sales up, said try heating it up and serving it with a lemon, oh no, well I just served it, but thank God it might, it's not meant to be cold, it was cro-cask, how are you on Dr. Pepper when it's cold, fine, 100% fine, and that's what makes this so much more heartbreaking, Andrew, because I was devastated, it ruined the whole scramble, everything else got polluted by some weird sweet, I don't know, it's, again, it's like, it's like you made yourself a scramble and somebody just put powdered sugar all over it and just made it sweet and weird, I tried to save it, I tried to put soy sauce on it to like, well, what I was trying to do was get something really briny and salty in there, like try to bring it back, couldn't do it, fucked up and weird, now there's two sausages left and I can't throw away food, so I'm going to cook those up for like tomorrow, yeah, cook them up, leave them out in the, there's a cat around, I thought about feeding the cat, I fed the cat some milk yesterday, I know, so maybe we'll cook it up, we'll feed it to the cat, we'll see if they like it, the cat's can't eat that shit, I guess. Podcasting isn't just about talking, it's about growing, engaging and monetizing and that's where Podcast 1 Pro comes in, whether you're an independent creator or a major brand, Podcast 1 Pro gives you the tools you need to take your podcast to the next level, we're talking about premium hosting, advanced analytics, dynamic ad integration and expert distribution, all designed to maximize your reach and revenue, plus with access to Podcast 1's industry leading network, you'll be connected to top tier advertisers and a massive audience, it's time to go pro and turn your passion into profit, visit Podcast1Pro.com to get started today, Podcast 1 Pro, the power behind the podcast. We're all your blockbuster favorites are landing all summer long, catch anchor man, the legend of Ron Burgundy, fantastic, the matrix trilogy, welcome to the real world, mean girls, side up, Titanic, I'm the key in the world, and so much more, for showtime, press nothing, they're free 24/7, that is so fast, on Pluto TV, stream now, pay never, all right so anyway, let's do so. - Oh man, we've got an abandoned L.A. mansion turns into a party free-frawl and wealthy neighbors are furious. So a million dollar mansion perched along Los Angeles's legendary Mohan drive has become anything but a dream home with squatters and trespassers turning the unfinished property into a late night party pet. So I guess high school and college kids are going to 77, 11, Mohan drive, which both sweeping views of the city is right underneath the universal overlook. Kids are coming there at night to party. It's tagged up with graffiti. Oh man. - Well, look, you're looking at this. - Considering the people who squat places in Los Angeles or in California have more laws that more rights than the owners do, you know? I mean, why not? I mean, if everything's gonna just be lawless then why pay rent? You know, like, what are we doing here, people? I don't blame anyone anymore 'cause we're living in a lawless society in Los Angeles is. So who's to blame these people? And we live in a world where strangers can move into your home and live in it and the law is on their side, ostensibly. - Yeah, that's where we're at. - So, you know, I have no idea why we're going to create that. But also, everything is unintended consequences. If that's gonna be the law, people are gonna take advantage of it. - Yeah, and listen, when you were in high school, you're always looking for some open field to put a keg. Yeah, you have an open house right here, why not? So, no, I mean, look, someone's parents would go to Europe for 10 days and everyone just moved into the house. - Yeah. - And that's the way it worked. And let me just give a quick buy the buy to people about something. I was in Florida two weeks ago and like some dumb broad walked in, holding their dog, of course, with one hand, and pouring coffee. She's in the restaurant. It's like, and a lobby, the hotel, but she's in the restaurant, and she's pouring a coffee. And she's getting her forks and stuff. That's kind of like continental breakfast, whatever. And I was like, get that fucking dog out of this restaurant. I was thinking to myself the whole time. She's holding, oh, I hate it when they hold it up high. And it's a shaggy dog and they're pouring coffee and going for the cream and stuff. Like, get your fucking dog and they're dandering out of here. But I will never, ever compliment one of those bitches on their dog. And the problem is, is inevitably other women and women who work at the fucking restaurant, come up and they go, oh, what's his name? Oh, is it, oh, is it, oh, it's a girl. Oh, isn't she, and I'm like, don't encourage. Don't encourage. You're fucking encouraging this bitch to bring your dog into the next place and pollute if they're fucking dog. What you should be doing is shunning cold shoulder. Just shun, shun. Because every time when you comes up and compliments her on a dog, on the dog, that gives her more momentum to bring the dog to the next establishment. Fuck that bitch, they should all be black bald. Okay, let's find the edge of this map. How do you feel about a dog at a Starbucks? But it's all bad, no dogs inside. Oh, man. No indoor dog, sorry Andrew, if that's what you do. That's what I do. You're sorry. You fucking tie up your dog outside. My entire life, every establishment I went to, there was a dog tied up on the outside. That's what that, it's actually fun for people 'cause you can, people pat to your dog. Well, I don't know if I trust that. I've got two tiny little dogs. I can pick 'em up, I pre-order at the Starbucks to look at it. You do, like right on the riverside. I go in, I grab my stuff, I go in. Listen, in front of stores and supermarkets in places like that and malls, like outdoor malls, they had two things for kids. They had the mechanical horse you would sit on. Oh man, put it time in, you ride that and when you're done riding that, you go pet someone else's dog. There's a lot to do. That was a full weekend for us. So that's like, hey, we're going out to the gelt, we're going out to the Albertson. It's gonna be a big day. We're gonna ride a fake horse, you're gonna pet a real dog, bro. Yeah, it was cheap trails, but you rode that horse for a nickel and then you went over and petted that guy's dog. That's like this close-ever got to having my own dog. He was just going to the store and then petting someone else's dog who was tied up. And by the way, next to the dog that was tied up, there was somebody else who had a box full of puppies and they were giving away puppies. They were giving away puppies. They would give away puppies. Their dog would have a litter 'cause they didn't fix the dog. The dog would have seven or eight puppies. They'd put them in a crate. They'd go out front of the supermarket and they would sit there, they'd do with dogs and cats. And then it's like, you want a puppy? You want a kid? And so I could go over there. I could ride that mechanical horse. I could go paint. I could pet that full-size dog over there. Then I could circle back and pet the puppy. I had to kick tires. You know, like, oh, my mom's shopping, but we're kind of looking for a dog. Yeah. You know how it is. You go to the store and you gotta get some cereal and some rice and some skirt steak and a dog. You know what I mean? And you could yell in like, my, get some puppy chow. Why? Oh, yes we do. We do now. We do now. So I would play with a crate of puppies and then back to the horse again. You know what I'm saying? There's a home in Ashery. It was just a leisure walk. It was like a Noah's Ark of free fun pulling on in front of the Albertsons in North Hollywood. When you frame it like that, that I'm depriving a young child. Yes. I used to walk, fill around, fill as a load, but I'd like, and I would just loop him around in time. I don't know, though. I think my area in Tulika Lake, it's slowly getting worse. There are some street creatures you gotta be careful. Dog nappers. There's dog nappers. There's some critters. There's a, there are, I'm right down the street from the Warner Brothers Ranch. And when they leveled all those old houses, that the houses used in lethal weapon. National Lampoon's Christmas vacation. They leveled all of the Warner Brothers Ranch to build these new studios. There were like, evidently thousands of rats living there and like a hundred coyotes. So now they all flooded into Tulika Lake. All right. Listen, I, if you want to pre-order Starbucks and walk in with your pile of shit and get in and out, that's fine. But you don't bring them in your restaurant. You don't walk around. No, we don't bring them into a restaurant. All right, next story. Next story. OK, speaking of establishments of California, a pizza joint doubled as a meth dent in a bizarre California drug case as a migrant is charged with running the operations. So that's a mouthful. So we'll break this down. A California pizza shop has gone belly up after federal agents allegedly uncovered 40-pound meth operation involving an Indian national prosecutors say was illegally in the United States. So this gentleman, Koal, preting 50 years old, indebted on federal charges of distributing meth, possessing meth with intent to distribute, and possessing a firearm in furtherance of a drug trafficking crime. So he's basically pulling a gust-fringed breaking bed, but out of a round table pizza royalty shop, round table pizza, you still have funny commercials. They used to do funny commercials. Like certain companies would do funny commercials back in the day, like real men of genius with Bud Light. Yeah. Then we'd do great commercials or re-bought with Terry Tate, Office Linebacker. That's the greatest ad campaign ever. It just kept going. They got another linebacker recruited, and Terry got hurt. That was great. It was great. And round table, you guys can look them up. Like from back in the day, we'd do funny commercials. I have a vague memory of it. But it's been a long time. Yes, listen, this country is built by immigrants. We need more immigrants. And they actually commit less crime statistically than people are born here. So that's what you're looking for. What you're looking for is like, if the people here, if, you know, five out of 1,000 are killers, you want to then import a bunch of people were only three out of 1,000 are killers. That's how you solve the murder prop. Do you understand, Andrew? Yes. You did the math. I've done the math. So this store was in Fresno, and if convicted, saying faces a minimum of 10 years up to life in prison, plus a fine of up to $10 million for drug trafficking. So I don't see what happens. I miss a good, funny commercial man. Oh, I'm telling you around, table ice swallowing. where it's a vague memory, but I always remember to funny stuff, like when I was young, especially, and I remember that. What else we got? How we doing on time? - We have time for maybe one more story here. A influencer has died after receiving a penis enlargement injection in Thailand. - Oh, British Nigerian influencer died following a botched penis enlargement procedure in Thailand, according to a UK coroner's report. - E-Coc? - This was, yes, he was vacationing in Bangkok with his wife when he underwent the procedure on March 5th, so this-- - Isn't your wife supposed to try to talk you out of that? You know, like, you know, when women go, I think I'm gonna go on a diet. The guy has to go, no, no, you're perfect the way you are, right? So when you go, I think I'm gonna see if I can pack some weight on my penis. Doesn't the woman have to go, you know, no, it's perfect. - It's perfect. - It's not the size, it's the motion of the ocean, that's right. - That's right, that's right. - Yeah, so, man, this is just a whole new world for me. - This guy, super successful influencer, owned a million dollar home in Los Angeles, and he's $600,000 apartment in London. - By the way, can I take him in a million dollar house? Looks like in Los Angeles. It looks like a ranch, two bedroom, one and a half bath, 1200 square foot, and a bad part of an ice. Like, the scariest part about Los Angeles is there is no home, any people that are listening right now, if I said you have one million dollars, you have to live in Los Angeles and you have to buy a single family residence, you would not be comfortable or feel safe in any house you bought for a million dollars. You could buy a condo and do it, but the house at one million, not gonna do it. And by the way, the 600,000 dollar bullies in London, I didn't know how good you'd feel about that place either 'cause that's more expensive than Los Angeles. - Yeah, the second you go on the Zillow and put one million dollars your maximum, I mean, all those red dots disappear. It's also crazy. It's also crazy when you're from Los Angeles 'cause they'll go, this Black Lives Matter woman, she bought a $3 million mansion in Los Angeles. Like, there's no $3 million mansions. - Yeah, yeah, it's still, yeah, you gotta go about it. - I mean, you're probably looking for houses. Is there single family residences that are a million dollars in a place you would wanna live? (buzzer) - Yes, without central air. Central air, you have to basically put in, you have to put in about half a million dollars to get it up to speed. - Yeah, yeah. - There's probably stuff that they built with that would, it's not turnkey, move it in, not the neighborhood you'd wanna live in. - Yeah, well, this guy was buried in London in a gold coffin, costing $750,000. So, also, does his wife have thoughts about the $750,000 coffin, too? - Maybe that was in the policy. Jesus, who knows? - All right, so, closes another news episode. You can go to Amcroll.com for all the live shows, always somewhere, just about every weekend. Andrew is gonna be playing around. Where do people go to find your show? - Just, hit me up on Instagram, Andrew F. Hopson. I'm gonna be at Flapper September 13th at 5 p.m. So, till next time. And for Andrew and Grant Cardo, who's saying, Mahala. - You can leave us a voicemail at 888-634-1744 and get tickets to CBAs Man at AdamCorola.com. (upbeat music) - Hello and welcome to Pluto Fo. We're all your blockbuster favorites are landing all summer long. - Fantastic. The Matrix Trilogy. - Welcome to the real world. - Mean Girls. - Side up. - Titanic. - I'm the key in the world! - And so much more for showtime. Express nothing. They're free 24/7. - That is so fast. - On Pluto TV, stream now. - And we'll see you in the next video. - See you in the next video. - And so much more for showtime, press nothing, they're free 24/7. - That is so epic. - Pay never.

Podcast Summary

Key Points:

  1. Grant Cardone highlights the dangers of timber-based construction in California, arguing that old wood structures ignite easily due to sun exposure and dryness, making them highly vulnerable in wildfires.
  2. He emphasizes that rebuilding with concrete, steel, and glass instead of wood is a necessary shift to prevent future fire damage and reduce risk in fire-prone areas like Malibu.
  3. Regulatory delays and bureaucratic hurdles—such as lengthy permit processes and approval chains—make real estate development in California extremely slow and costly, even for simple improvements.
  4. Single-family homes are viewed as poor financial investments due to lack of income, high maintenance, and ownership limitations, while multi-family complexes offer better returns and are easier to finance.
  5. Grant advocates for multi-family real estate as the best investment, noting that large apartment projects can be financed easily through federal lending institutions like Fannie Mae, with minimal personal risk.
  6. He criticizes California’s coastal commission and other regulatory bodies for being politically driven, overly restrictive, and designed to prevent development rather than facilitate growth.
  7. Real estate values in California are inflated by overregulation and lack of supply, while wealthy individuals are able to circumvent rules, leading to unequal access and inflated housing costs.
  8. The rise of luxury developments—like automotive enclaves—indicates a growing demand from affluent buyers seeking experiential lifestyles, signaling strong long-term real estate opportunities in dynamic markets.

Summary:

Grant Cardone, a prominent entrepreneur and real estate expert, discusses the critical challenges facing California’s real estate market, especially in fire-prone areas like Malibu. He highlights how older timber homes are extremely vulnerable to wildfires, citing his own home’s survival due to its concrete construction and the destruction of 16 nearby homes. He argues that rebuilding with modern, fire-resistant materials like concrete and steel is essential for safety and resilience.

A major theme is the excessive regulatory burden—permits, inspections, and bureaucratic delays—making development slow, expensive, and frustrating. Cardone contends that single-family homes are poor investments due to lack of income and ownership control, advocating instead for multi-family apartment complexes as superior, easier-to-finance, and more stable assets. He notes that federal lending programs make such projects accessible, even with bad credit.

He criticizes California’s coastal commission and other agencies as politically entrenched, prioritizing restriction over development, and points out how these policies inflate housing costs and displace potential growth. Despite these challenges, he sees strong demand from affluent buyers for luxury developments like automotive enclaves, signaling a robust market. Ultimately, Cardone believes California’s full potential—its economic and lifestyle opportunities—is being stifled by overregulation, and that true progress requires dismantling outdated, politicized systems to allow for innovation, affordability, and sustainable growth.

He concludes that the future of real estate lies not in individual homes, but in scalable, income-generating, and resilient multi-family properties.

FAQs

He says that old timber structures, especially 75-year-old two-by-fours, are highly flammable due to constant exposure to salt, sun, and heat, which dries them out. Once ignited, they burn easily, making them a major fire risk.

He recommends rebuilding homes with modern materials like concrete, steel, and glass instead of wood, arguing that these materials are far less flammable and can prevent chain fires across neighborhoods.

It took him 19 months to get approval to restore his home, despite wanting to simply return it to its original condition and use it as-is.

He argues that excessive regulations, permitting delays, and bureaucratic hurdles make it difficult and costly for homeowners to make simple improvements, effectively choking development and driving up property prices.

He believes multi-family apartment buildings, especially 32-unit complexes, are the best investment because they produce steady income, are easier to finance, and are less affected by market volatility than single-family homes.

He claims they produce no income, require significant maintenance, and are heavily regulated, making them a poor financial decision compared to income-generating properties like multi-family buildings.

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