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00:00 Everyone's been told home ownership is the path to greatness.
00:02 And I've always been homeowner.
00:04 I love it.
00:04 But I don't think it's the same look now.
00:06 Rates are high.
00:07 Prices are high.
00:08 Everybody said, oh, well, if the rates go high, prices will go down.
00:11 Nope.
00:11 Didn't happen.
00:12 I mean, not at all.
00:13 You know, and in a lot of markets, especially where I am, it's really crazy.
00:16 So I just think that if you have the extra money and you know you're going to rent and
00:20 you're looking on one hand, I'm going to do a burr or a flip, which burr is very hard
00:24 to do right now.
00:25 I really am worried for people who try a first time flip just because everything can
00:29 go wrong versus syndications and turnkey with vetted providers on each.
00:34 I just think they're going to start going to these things that are actually closer to
00:38 passive than what people call passive.
00:40 Like we all know landlording is not passive.
00:42 Even if you have a property manager, you have to manage them or you're losing money.
00:45 So I think it's recreating what people think of these words.
00:49 What is financial independence?
00:51 It's going to look different.
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