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David good evening everyone Roberton Jason here from Mr Texas real estate this is the Texas real estate radio network. Well talk a little tassel today. Talk to us or we can just talk about how right we keep being non saw that report yes inflation single family house 4.5 times the fed target and you think real estate is expensive now just a listener easy. Stone was so that\'s okay just to listen to me you know O. G. O. G. O. J.\'s all wait until the next crash lots no no no you have to use yeah point 5 percent 4 have times where we from extract see I think the the for the fed\'s inflation target is 2 percent. And that\'s why they keep putting more modern 910 so more 9 or 10 percent that sounds about right we\'re 20 percent this market right I wouldn\'t necessarily call an inflation I would I call a good all right well let\'s back up to them it is to them it is yeah they don\'t see appreciation they just seem place right you can call it whatever you want here\'s what I call it we\'re running out of houses affordable housing you know we that\'s the end result we can nerd out I get all the nerdy economist Iran but the reality is we\'re running out of houses that\'s the problem. So my brother was telling me share this in our meeting yesterday. My brother told me said they\'re putting offers on houses in Austin I just moved from Seattle and the agent said if you\'re not going 50 grand over list on a house between 3 and $4000 they\'re not even going to consider your offer that\'s California it\'s it\'s just like the hour was 2014 2015 yep confined in my my buddy had a pre approval letter in his pocket for $600000 mmhm and he could not find a house in corona yeah every time he went he went he made something like 38 offers and finally got 1 take it because he had a mortgage and everyone else at cafe in just being bought up just left and right around that they got 1 FOR 615 that\'s now worth probably close to 900000 rain he did okay but in 2014 it was just horrible so that is what\'s going on in Austin 2014 California so my brother texted me and he said he said this is known Seattle in 2016 in the damned even now even now it\'s like yeah he told me text me said this he said this is no B. S. what you\'re talking about the middle class getting crushed by housing he said it they have no idea 8 we expected in Seattle but in Texas mmhm and it\'s going to be like that the next 6 years you get these little pockets right that are transforming in Austin has already transformed right there\'s no doubt about it those numbers are California like. The well let me let me correct something he doesn\'t live in Austin it\'s Round Rock yeah well just outside but it\'s my fault Austin you\'re right you\'re right yeah I would say in Dallas is right there in Houston is right is happening right now before our eyes try to get a house of $3000 around here it\'s gone in an hour right and chase there\'s a big real estate crash come at no there is not there as well. I have I got to go back and look at what our cute what our days on market our our inventory is. I think it\'s 7 days of immature below 200 let me let me state this and I\'ll have to do it slowly. The prices for the next crash. Are going to be what you\'ll pay for a house in 2025. That\'s right next crash will come back to 2025 so you\'ve got 4 years to run run run run run in it and all the good ones are going fast we have 11 properties under contract right now $11 $11 yeah $11. And at A. B. more if we had contractors right we have more cruise yeah we\'re slow down a little bit because we\'re getting caught up but it is. And even some of these were Bynum at 60000 or less we don\'t care we\'ll just hold it what\'s what\'s 700 Bucks right yeah we don\'t we don\'t care but we\'re. We are going to be stretched to find $100000 2 bedroom door. 

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