The Brad Weisman Show

Challenges of Solving the Housing Shortage w/ Kevin Timochenko

July 05, 2023 Brad Weisman, Realtor
Challenges of Solving the Housing Shortage w/ Kevin Timochenko
The Brad Weisman Show
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The Brad Weisman Show
Challenges of Solving the Housing Shortage w/ Kevin Timochenko
Jul 05, 2023
Brad Weisman, Realtor

Hi This is Brad Weisman - Click Here to Send Me a Text Message

Ever thought about the intricate dynamics of the real estate market, and who better to guide us through the maze than Kevin Timochenko from Metropolitan Companies! Get ready for a deep dive into the world of real estate development, as Kevin brings us an insider's perspective on the challenges the industry faces today. From understanding why certain age groups are choosing to rent instead of buy, to the rising costs of constructing new apartments, and the need for a streamlined approval process, we traverse through these complex issues with clarity.

In the latter part of our conversation, we unfurl the complexities of local building and procurement. Kevin reveals the delicate balance between being pro-business and environmental regulation, and the daunting barriers that local government processes throw up. He discusses the impact of inflation on construction costs, the repercussions of the Federal Reserve's rate hike on home sales, and the price variations in the housing market. In a stimulating finale, Kevin shares his ambitious plans for the future and his insights on the evolving trajectory of real estate development. This episode is a treasure trove of information for anyone interested in the reality and future of housing markets, government involvement, and real estate development.

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Welcome to The Brad Weisman Show (formerly known as Real Estate and YOU), where we dive into the world of real estate, real life, and everything in between with your host, Brad Weisman! 🎙️ Join us for candid conversations, laughter, and a fresh take on the real world. Get ready to explore the ups and downs of life with a side of humor. From property to personality, we've got it all covered. Tune in, laugh along, and let's get real! 🏡🌟 #TheBradWeismanShow #RealEstateRealLife #realestateandyou

Credits - The music for my podcast was written and performed by Jeff Miller.

Show Notes Transcript Chapter Markers

Hi This is Brad Weisman - Click Here to Send Me a Text Message

Ever thought about the intricate dynamics of the real estate market, and who better to guide us through the maze than Kevin Timochenko from Metropolitan Companies! Get ready for a deep dive into the world of real estate development, as Kevin brings us an insider's perspective on the challenges the industry faces today. From understanding why certain age groups are choosing to rent instead of buy, to the rising costs of constructing new apartments, and the need for a streamlined approval process, we traverse through these complex issues with clarity.

In the latter part of our conversation, we unfurl the complexities of local building and procurement. Kevin reveals the delicate balance between being pro-business and environmental regulation, and the daunting barriers that local government processes throw up. He discusses the impact of inflation on construction costs, the repercussions of the Federal Reserve's rate hike on home sales, and the price variations in the housing market. In a stimulating finale, Kevin shares his ambitious plans for the future and his insights on the evolving trajectory of real estate development. This episode is a treasure trove of information for anyone interested in the reality and future of housing markets, government involvement, and real estate development.

---
Welcome to The Brad Weisman Show (formerly known as Real Estate and YOU), where we dive into the world of real estate, real life, and everything in between with your host, Brad Weisman! 🎙️ Join us for candid conversations, laughter, and a fresh take on the real world. Get ready to explore the ups and downs of life with a side of humor. From property to personality, we've got it all covered. Tune in, laugh along, and let's get real! 🏡🌟 #TheBradWeismanShow #RealEstateRealLife #realestateandyou

Credits - The music for my podcast was written and performed by Jeff Miller.

Speaker 1:

Hello, this is Brad Wiseman. You're listening to Real Estate and You We are back in the studio with another awesome show, i have to say, and this guy has been here before, so this is a return guest, so that must mean we like him, right, hugo? That's right, okay, i thought we do.

Speaker 2:

We do like him, he likes us back too, yeah yeah, that's right, and he's dressed up too very nicely.

Speaker 1:

I feel very underdressed, but we got Kevin Timoshenko in the studio again. You must have did something right to get to back in the studio here You did something right.

Speaker 2:

I feel like I'm one of Johnny Carson's favorite guests. He only brings a few hosts. Well, you'll be hosting it soon is what happens, doesn't?

Speaker 1:

that what he used to do? Yeah, they used to host it then, exactly, yeah, yeah, so you might get me to host it. Yeah, maybe you could definitely host it. I love that, that'd be wonderful. Yeah, so we got Kevin here from Metropolitan Development Group, or actually Metropolitan Companies, because he's got all kinds of stuff under one umbrella, and I have a couple bullet points I wanted to bring up And I want to say thanks for coming in too. I appreciate it.

Speaker 2:

I know you got a lot going on. Yeah, I just came from a funeral.

Speaker 1:

I know, i know, sorry about that, Sorry about that. Yeah, so we are in a housing shortage. We were just talking about this before we started hitting record And I was saying one of the things I'm going to say this story right off the bat you're building a place at Iroquois The reserves, i think it is at Iroquois, i think is the name of it And it just shows you that housing is housing, because when you started leasing that space there, i got two phone calls from two separate customers saying come list my house. How cool is that? It's really cool. Yeah, because the listing is the name of the game. That's where it's about And it just shows you when people and a lot of times realtors will say, well, we don't need any more apartments, we need houses to sell. Well, no, when you have a housing shortage, you need anything that people can live in. Basically, as we talked earlier, it's not a zero sum game.

Speaker 2:

No, it's not, definitely, not Absolutely. Apartment doesn't necessarily hurt housing. Housing doesn't hurt apartments. You can actually coexist.

Speaker 1:

Yes, exactly, And I'm so extremely happy that you're building that over there And I'm hoping that you're going to build more. But one of the things that I have, one of my first things I wanted to ask, is what are the challenges you're facing right now as a developer? Because you're not. You're developing, you're building, you're renting, you're managing places, but you're developing a lot. That's a big part of what you're doing.

Speaker 2:

So what's the challenges? What's going on? We take it from A to Z, though I have in-house architects, in-house engineer, i mean, we have attorneys, smart, we take it all the way through the process. So the biggest challenges are probably the same for everybody right now One is interest rate and two is cost of goods. The third one would be just a constant, constant arguing and fighting with townships to get approvals.

Speaker 1:

What does that mean, like what is going on with the townships and the approvals, and is it what we call red tape? Is that what you call it? Is it necessary?

Speaker 2:

Well, i think and this is just me speaking, i can't speak to anybody, I just think it's a cultural shift. There needs to be a cultural shift And I think I said this on your show last time If you travel throughout the country let's say you're in a country how many other states are pro-business? If I went to South Carolina right now, i could start a piece of land and be building in six months.

Speaker 1:

You're serious. That's the difference Six months. What is it here in Pennsylvania?

Speaker 2:

Two and a half three years. I've owned properties for 15 and 18. I know Iroquois, for example. I told you this before I've owned Iroquois for 18 years, So it just graduated high school Exactly Your son, iroquois is just graduating high school.

Speaker 1:

It's amazing.

Speaker 2:

And the funny thing is you know all Iroquois. The whole neighborhood fights you because there's just so much Not in my backyard. Not my ignorance, yeah, because they thought it was going to be sectioning housing or something.

Speaker 1:

Oh, i'm stuck, Kevin, i got. That's nothing I want to say. I have been defending that for at least two or three years with friends of mine. Yeah, and it's not. And it's just that the rumor goes around. I swear every new apartment place going in these days is section eight. Is section eight.

Speaker 2:

Yeah, the ignorance is It costs approximately 150,000 to 200,000 per apartment to build today. Wow, i want that to sink in, so we'll go to a town.

Speaker 1:

It's a house. It's a small house.

Speaker 2:

It's under well with construction costs and the cost of land and cost of improvements. Wow, So you see people around you. just so you're clear, every single tenant in New York, every single one, could buy every house around them. Yeah.

Speaker 1:

They wanted to.

Speaker 2:

Yeah, they don't want to. They want to rent. I like the two people that you were talking about Absolutely. They just simplify life, they want it. It's a big simple. Yeah, it's a little right under 30 and simplify, over 50. Yeah, they're just, they don't want it. Yeah, like no. I want my weekends, i want to travel. I don't want to care the lawn, it's a beautiful thing.

Speaker 1:

And they're on the people that they've got the first floor ones because they're in early Right. You got in early Right. I mean the one's not settling until mid-September, the one's mid-August. But that's great, it's how hot your queues. I can only imagine.

Speaker 2:

We, it's 20 units per building. They're moving in this weekend. The first building is being delivered. All 20 are rented. Wow, july 1st. All 20 are rented. Unbelievable August 1st. It's not even there yet. Half of August is building. That's how much of a demand there is for high quality. I mean these are high end apartments. Yeah, they are. You know, it's better than it goes for like $2,000. I mean, it's not, it's not cheap apartments, i know. No, no, no, these are mortgages. Yeah, these are mortgages. Exactly These are mortgages.

Speaker 1:

And I've seen your apartments and they're nice. They've got grant-a-countertops, they've got the nice appliances, they've got. They've got all the things that you want to see in a home today.

Speaker 2:

Plus a clubhouse.

Speaker 1:

I just want to go, oh yeah a clubhouse.

Speaker 2:

A clubhouse I just want to go back real quick.

Speaker 1:

So people don't think we're busting on Section 8, because I don't want them to think that The thing is is that, as soon as somebody does say like I have no problem with Section 8. Right, i don't give a rip about it, i don't care, i don't know, i have no problem. What's amazing is that the public is the one that has this thing in their head, that Section 8 is this, this terrible thing, and I don't understand why, even though and we're not- you're not, but I'm just saying it's incredible.

Speaker 2:

That's a really good point for bringing up. Thank you for bringing this thing.

Speaker 1:

I was a landlord very small landlord at one point, and I had Section 8 renters And they were great tenants. They were great tenants, you know it was. You know it was nice. I always knew I was getting a check every month. And the other thing is is that if they screwed up, they're the government or the local government would help me get them out? Yep, you know what I mean. So there's nothing wrong with Section 8. It's just that it's funny that the public thinks there's something wrong with it. Correct, yeah.

Speaker 2:

The public Ignorance Yeah, specifically Brooks County. Yeah, still thinks that people who rent apartments are poor. Yeah, they're not poor anymore. No, that changed.

Speaker 1:

20 years ago. There's no low rent anywhere. No, there's not. There really isn't, and that's what's funny about it. So, yeah, so I love that you're doing Irrequined, i love that you're going to be doing more projects like that. But going back to the townships are what is it? So? what is it that they're doing to hold things up? It's got to it needs.

Speaker 2:

There needs to be a cultural shift. Okay, And we talk about South Carolina. Yeah, Yeah, Yeah. Everything delays at the end The township engineers delay it, The township solicitors delay it, The township the, all the red tape, all the because every time there's a meeting you get some advice and then the next meeting is two months later And then you get more advice and they go no, change this. And now you're into it for eight months before, before you even get to the meeting you got to get to.

Speaker 1:

Yeah, yeah, i got you. Is there a way that they could just say Hey, look, you can either go, you can either get a fast pass, like they do in Disney, or you can do and, and. And what if you could just pay a little more to do the fast pass way you know, and get the things done quicker, and then? then it would actually maybe be cheaper, because you're not doing it over 16 years, you know, i guess that makes too much sense.

Speaker 2:

God damn it, brad, stop thinking logically. This is the problem.

Speaker 1:

Oh man See, now he's yelling at me. It's a logical conversation Like listen, I feel like I'm playing bocce ball with you. It's a story that I used to play bocce ball with Kevin. When you play bocce ball with Kevin, he yells at you.

Speaker 2:

So you know, we've offered townships, We'll buy your fire truck.

Speaker 1:

We'll do anything Listen legally. You're not trying to. I got you. We're not asking for a favor.

Speaker 2:

Just help us get through the process faster, because time is money. Absolutely, especially in development. Absolutely. You're spending millions of millions of dollars before you even go vertical on building a building. So and if you don't time the market right, you're you know you're sitting on that money.

Speaker 1:

Yeah, what if you started boiling the Irrequy and we were in a situation where we had too much inventory?

Speaker 2:

Exactly, Exactly, seriously, yeah, that could be five years to go through the process.

Speaker 1:

Different experience then. Right Yeah, different experience. It's amazing. Well, that's what we hope, that we can start doing that. But where does that start? Does that start at the state level? Is it local government? Is it federal government, like, where does that stop? Where does that culture shift that you're talking about? Where does that? where does that start?

Speaker 2:

100% local, local 100%. Because it's not the state that's making, that's doing that right The state can hold you up a little bit, but it's the process on the local level.

Speaker 1:

That's where it's getting held up?

Speaker 2:

Yeah, because?

Speaker 1:

well, it's interesting because the state can be so long but the local government is so much longer that it makes the state look good, exactly, exactly, so you don't even care about the state Right, the state might take you 12 to 18 months.

Speaker 2:

You're like yeah.

Speaker 1:

That's fine. We won't be there anyway. Exactly, i got you Amazing, amazing. So then, so those are the challenges. And you say cost and also you know we were talking about this a little earlier the, the fed rate that's going up. You think it's gone too far, do you think they should stop? You think is that's going to affect pricing, obviously for building, because you're, because you're not paying it for everything cash You're, you're loaning money, i would think, for projects. I mean, why would you pay cash? Right? Or maybe you are paying cash, i don't know. The look that you're giving me is like I don't know money.

Speaker 2:

Your works. I don't borrow money, You don't borrow money at all.

Speaker 1:

No, no, we do for a multifamily.

Speaker 2:

I'm going to build 300 homes. Our company will build 300 homes here and a thousand apartments. So so you know I understand why the fed raises rates, because they wouldn't want to, and we talked to us earlier. They want to dampen inflation Absolutely. But at the same time, when you raise interest rates, obviously it costs me more money to borrow Absolutely. I've got to pass that cost on to you, so I'm not really sure if it works or not. In regards to this, it's interesting.

Speaker 1:

I'm not sure. Well, i think I think the only thing that it does I mean I think their whole thing is they don't, you're not going to stop.

Speaker 2:

I'm not going to stop.

Speaker 1:

You're not going to stop, but there are people that will stop. You have to stop.

Speaker 2:

Right, luckily enough, we've been doing this long enough where we we have how deep you want to get it We started a whole procurement department, yeah, two years ago, just to be able to buy direct from from the manufacturer, which is a big deal, huge, huge deal, huge. Yeah. We cut out the distributor, we cut out the wholesale, or we cut out, actually, we cut out the sub who's marking it up, also, absolutely. So now we just do, we just buy the products. We just we buy the product and we do labor only. Yeah, and it's smart, it's works, it's works. Yeah, we've had it, otherwise we couldn't build it all.

Speaker 1:

We just we could not have built it. Well, it gets the point. Yeah, you can't. Yeah, i get it, especially with with inflation. Right, you had to find a way to keep the costs bearable, correct, without without going out of business or without stopping, and you guys need to build. I mean, that's that's what you do, right? That's how you make money. So that's interesting. So the challenge is there, it's, it's coming back to the same thing you said before, basically local government. That's the biggest thing, because I think we, and I think we would have more people doing what you're doing if, if, it was a faster track.

Speaker 2:

Well, it's interesting because you know I bitch about this all the time. Yeah, i bitch about it and then I go yeah, but high barrier entry, it's keeping other people from competing with me.

Speaker 1:

So as much as I bitch, i'm like yeah, you can't, you just it's a tough business to do.

Speaker 2:

Even if you had the money, who in their right mind would want to go to these township meetings? You just sometimes when I township meetings, they hate each other. No, i'm not, they're like it's like the Kardashians Like okay. I just have to give her approvals. You guys hate it, Like why don't you guys solve your problems first? I'll come back next month.

Speaker 1:

It's true. No, it's crazy, It's just crazy. I'm fortunate I am one of planning commission and you know that, And it's for spring township. I gotta say we all get along really well. We have a good commission there and we're very common sense, I feel, for what we have there.

Speaker 2:

So yeah, be pro business. Listen, you can be pro business. Absolutely And still protect the environment and all the good things you want to do. Absolutely, You can act. they can coexist too. Yes, absolutely.

Speaker 1:

It has to Right Or we will. We will not exist. Right You have to coexist. If you're not, building.

Speaker 2:

People are losing their jobs. Yeah, building is, I think, after entertainment, travel, travel, after that, i think building is the second biggest employer in the world.

Speaker 1:

Oh, i don't doubt that So Well, if you think about it, it's all the things that go into it, correct? All the refrigerators, furniture, refrigerators like everything that. Yeah, Walter used to say it all the time about a house. Actually building a home employs more people, I think, than pretty much anything does. It might If you actually add it all up. It might Because furniture, lights, electric, all the things that go into a home, I mean it's everything.

Speaker 2:

We employ. I tell you, i think I probably employ indirectly 10,000 people. That's crazy. That's great, though, because we spent $100 million a year on materials. I mean, it's coming from.

Speaker 1:

Arkansas.

Speaker 2:

California, Florida, Georgia. You're giving people jobs.

Speaker 1:

I love it. Yeah, that's awesome. Okay, so what? what can we do to increase the, the local inventory? I mean, i think it's basically what you're saying is is give up some of the regulations, give up some of the time that's involved there. I mean, i don't see, are we out of land in this Inverx County? I'm asking a dumb question, so I figured you could give me a dumb answer.

Speaker 2:

I'm not gonna justify the dumb answer. No, we're not out of land, we're near out of land.

Speaker 1:

Of course not. Coming from a developer. I don't know You're, you're so right. Yeah, there's a lot.

Speaker 2:

Two things It's it's difficult. It's difficult to build Inverx County and make money.

Speaker 1:

Yeah.

Speaker 2:

You were saying this before I did You know we'll build the same house in Montgomery County and actually charge twice. Now. The land price Might be a little bit more, But my material prices aren't Right.

Speaker 1:

The labor might be a little bit more.

Speaker 2:

But I mean, we'll sell a house for a twin, a semi, for a million dollars. It's just incredible, It's. but here I don't know. You tell me that you're the 400, 300, 300, 400.

Speaker 1:

Yeah, 350 to 400 is max.

Speaker 2:

And we'll sell for a million. So, where would you go?

Speaker 1:

I would go down where you're building for a million. Yeah, absolutely. That's incredible, amazing. So we talked about the Fed rate hike. You know, i think I think we're almost at the end of that. I think they're going to start calming that down a little bit, i hope, because it is starting to affect even our business, like I always said that, well, the interest rate for home sales does not correlate completely with the Fed rate hike. So what's interesting with that is that it's starting to, and what happens is because of what's happening with money. Now, all of a sudden, the mortgage rates are starting to go up, and now they're at 7%, and that's affecting people buying A big time Yeah, especially higher price range Ah, higher price. What's that? I disagree.

Speaker 2:

Really, yeah, interesting. Our higher price range is flying off the shelves, but not in Berks County. That's correct Yeah.

Speaker 1:

Not in Berks County.

Speaker 2:

You cannot believe how many people buy it $500,000 down, that they pay for it. You just cannot believe the wealth in this country.

Speaker 1:

Just where's the money?

Speaker 2:

coming from? I have no goddamn clue. I think I saw it coming.

Speaker 1:

Who's got all this money? I say it all the time, yeah, before they have a house in here in Florida and like they're buying it, so you think they're pulling equity from properties and then they're just putting it into that price. It's amazing. Honestly, i don't know, i don't know where it's.

Speaker 2:

Yeah it's incredible. Yeah, but aren't you like we'll buy rates down? Yeah, Are you finding most people are doing a seven-year rate? or You can? yeah, absolutely You can do that, Which makes sense. The rates are not going to be the same in seven years. I think, we can all. I don't know where they're going in the next year or two, but in seven years I doubt they're going to be where they're at.

Speaker 1:

I highly doubt that too. Everybody says we're the buddy we look at, says it's going to be around, you know, around five and a half five percent. something like that is where they're going to end up, hopefully by the end of this year, which would be wonderful. I don't know that.

Speaker 2:

Yeah, That's what they're saying What are you here?

Speaker 1:

You know, I stopped trying to read tea leaves a long time ago.

Speaker 2:

I've been a bit, I've met with my CF.

Speaker 1:

Well, you know, I usually use this as an eight ball. That's what I use. I use this eight ball to find out what it's going to happen.

Speaker 2:

And then it tells me you know, i have one of those on my desk. Deerily, i'm not far behind you. I swear to God.

Speaker 1:

What's really funny is my son came down here this weekend. He goes that's my eight ball. I couldn't find it.

Speaker 2:

So I actually stole his eight ball.

Speaker 1:

Absolutely.

Speaker 2:

It's not like I'm the brightest guy in the world.

Speaker 1:

So this is how he does it. Should I build your coin? Um? this says, uh, no, freaking way No, but so let's keep moving here. What else we got? The federal government is now saying they're going to start trying to help with housing, and I'm trying to figure out how that's going to work.

Speaker 2:

Anytime federal government gets involved in anything run I mean it's just you know it makes so much sense. You know, this is where you you're one of the big difference between ours and D's Yeah. You know, let government just get government out of your lives and let people run. I have to agree earlier. I agree with the iPhone would not be invented. Oh, that's a great analogy. If, if, if the federal government was involved in tech like they are in housing and everything else, they never would have built, They could never got developed The iPhone.

Speaker 1:

You're exactly right, and that's so true.

Speaker 2:

Let's see who uses an iPhone today.

Speaker 1:

I believe we're not using Android.

Speaker 2:

Well, everybody except for me.

Speaker 1:

But you get my point. I totally. Everyone uses it. Yeah, absolutely, absolutely. Let's go back to the federal government. This is what's interesting too, that some of the things I'm going to get your opinion on this they're trying to make. They're saying, okay, let's make, make it more affordable for first time buyers to come into the market to buy. To me, what's funny about that? and I think it's great, you want to get people to buy, if they can buy, but my thing with that is that that's going to create more inflation. Sure, because now you bring more buyers in, right, there's less homes, more buyers, prices go up. I don't think they're thinking of that when they talk about these programs. Yeah, isn't that amazing? Yeah, once again, keep government out of it. Out of it, absolutely. I agree with the 100%. All right. So what's your outlook for the next five years? Right here, you want this. Do you want to use this? You might need this for that question.

Speaker 2:

I think we had this conversation before also. Is I sort of keep one foot on the ground and reach for the stars?

Speaker 1:

Yeah.

Speaker 2:

Good for you. I don't know how else to do it. I mean, I've got a big, big company with 250 employees.

Speaker 1:

I was worried about what you were going to say there for a second.

Speaker 2:

I've got to feed them. So we, cautiously, are not growing exploding. You know, i feel like I'm hiring three people every week.

Speaker 1:

That's awesome.

Speaker 2:

It's crazy, from architects to engineers, to everybody.

Speaker 1:

Yeah, was this in your vision?

Speaker 2:

I had a vision. It was cloudy, so I can't say it was exactly what it was, but I knew I had to be here at some point in time.

Speaker 1:

Yeah, i knew I would be.

Speaker 2:

That's why you're here, you know that, right So you know, for the next five years we played on building a thousand Wow, a thousand apartments a year. For that, at least the next five years, we own property from Pittsburgh to Delaware and I already own it.

Speaker 1:

That's great. It's already approved. That's great.

Speaker 2:

So you know we're going to keep going there and keep the economy going. That's great. We're built 300 homes and from Pittsburgh to Philly.

Speaker 1:

Yeah.

Speaker 2:

So I'm going.

Speaker 1:

Is there anything that you're trying, that you're finding out that you love more than the other? now that you do management, development, building out of those, out of those children that you have in this business, in this company, which one is your favorite or that became your favorite?

Speaker 2:

You want to guess?

Speaker 1:

I'm going to say development, no, still the apartments. Oh my gosh, that's funny. It's what you started with. That's your first child.

Speaker 2:

That's right, it's my first baby Like, ah, that's so funny. You're either an operations person or you're not.

Speaker 1:

Yeah, i'm an operations person.

Speaker 2:

Yeah, like there could be a tenant issue and I'm like, tell me about it And they go. You know you have 4,000 apartments. Like I don't care.

Speaker 1:

I want to hear about that Yeah right, It's a disease I want to see if I can solve it.

Speaker 2:

Interesting Development is a really, really tough business.

Speaker 1:

Yeah.

Speaker 2:

I'm not just saying that It's like I could not go to these meetings. I would shoot people.

Speaker 1:

Yeah, No, I, I, I would just like it'd be, i just would.

Speaker 2:

I'm only kidding about shooting people in case. Yeah, that's right.

Speaker 1:

I think Jane Fonda said that at one point she got away with it.

Speaker 2:

It's a metaphor, but I could not do it. You've got to have a lot of patience and a lot of money to be involved.

Speaker 1:

Now I got you And it's, and it's late gratification to the extreme. Seriously, i mean, you said, like you said, iroquois, what's 18 years, 18 years.

Speaker 2:

I mean that's just incredible. And the really funny part about it is when it's built. Have you driven nearly? I love it.

Speaker 1:

I drove through. Oh, i got to tell you this real quick. It is great, it looks awesome, dude, it looks really like what a great addition to that area. It really does look good. But here's the thing I got to tell you real quick to be for you And so I'm going, i go, i go to Gwynn there, what's that Soon? Yeah, we're 21 minutes longer than anybody else is on, um, but no, i'm kidding. So my son and I are driving around And I said, well, i'm going to go through here, and it says road closed, says do not come through. You know. I said he goes, dad, dad, i'm like I'm going through here. He goes, yeah, it says no, you can't go in here, and there's nothing. It's like a roads there and the releasing thing is open right. So I go to you. I said, buddy, i know the owner, it's all good, he's like. You know the owner of this place. It was just funny, but he was all my god, was he nervous going in there? He's a real follow. He's a real follower. Yeah, i'm like no, buddy, it's fine, you just go in, you just go in we gotta, we gotta break him of that.

Speaker 2:

Yeah, exactly, i know you're not a rule follower, no, i'm a rebel dude.

Speaker 1:

Exactly, in and out, i'm a rebel, absolutely. It's one of those things and I think it makes us who we are right. You know, if I follow the rules and I don't, i don't break laws, right, but I don't follow rules. Yeah, rules are further. In fact, there's so many tells me what to do. I was trying to find a way around that and go why you telling me to do that? You?

Speaker 2:

know what I mean. It's weird.

Speaker 1:

Exactly, was it me exactly.

Speaker 2:

I didn't vote for this rule.

Speaker 1:

I didn't vote for that rule. Oh My god, good time, man. Thanks so much for coming on the show again. Yeah, yeah, thank you so much. And I, you know I am asking people now when they come on the show What do you think about us changing the name of the show? Hugh goes all for it, kevin's all for it. I've been saying it for years, so we'll have to. Let's put a little little teaser out there right now. What would you think if we call it the Brad Weissman show? I love it. You like that, love it. That might be happening.

Speaker 2:

Here you go. What do you think? I think, so too, you think so too.

Speaker 1:

All right, that way we don't have to stick with real estate. You know me right exactly. We can talk about anything I said is you are a great interviewer.

Speaker 2:

I appreciate that branch out. my friend sounds good at your sights, hi.

Speaker 1:

I'm into a man, i'm into. All right, that's it. That was Kevin Timoshenko from Metropolitan companies. We had back on here again. This is so fun. All right, we'll see you again next Thursday at 7 pm. Thank you very much.

Speaker 2:

I'm not coming back unless I get two hours you go.

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