The New Rules of Homebuying in a Shaky Economy With Fred Glick, Chris Gustavel, and Hertha Patton-Moore of Arrivva

Here’s a glimpse of what you’ll learn: 

• Stay ahead of the curve with the latest insights into current market conditions, challenges, and opportunities
• Discover the hidden gems of Sacramento’s real estate market
• Get the inside scoop on Seattle’s competitive market
• Explore how local sports moves are unexpectedly impacting the market and property values
• Uncover the secret edge that comes with a fully underwritten mortgage versus a simple prequalification
• Learn condo financing practices—including why reserve studies and credit unions are game changers

In this episode with Fred Glick, Chris Gustavel, and Hertha Patton-Moore

What does it take to buy smart in a shaky economy? 

Fred Glick joins Arrivva agents Chris Gustavel (Seattle) and Hertha Patton-Moore (Sacramento) to reveal what’s really happening in today’s market. From hot neighborhoods and rising prices to the real impact of sports teams on home values—this episode covers it all. Plus: why fully underwritten mortgages beat prequalifications, and how condo reserve studies could make or break your deal. 

Fast, informative, and packed with insider homebuying tips—don’t miss it.

Resources mentioned in this episode

• Fred Glick on LinkedIn
• René Pérez Jr. on LinkedIn
• Arrivva
• Hertha Patton-Moore on LinkedIn

EPISODE TRANSCRIPT

[00:00:14] Drew Thomas Hendricks: Welcome to We Fixed Real Estate. We have Chris Gustavel and Hertha on the show today making a debut appearance, and René is incognito.

[00:00:22] Fred Glick: Hertha, talk about Sacramento. It doesn’t even have to be real estate. You know, there might be people thinking, buying there, moving there, never been there. Why do you come there? And I know it’s hot in the summer, but what else?

[00:00:42] Hertha Patton-Moore: I think Sacramento is an awesome place to live because we are like centrally located. You can get to Napa in just under an hour. You can get to Tahoe, you can get to Reno, you can get to the Bay Area. That’s one of the reasons why I think it’s like a really, really amazing place because you, like, we have all of our seasons too, right?

Tahoe in the winter you have snow, and then what? LA is about five hours from us. So there’s just infinite possibilities when it comes to -. A what? Yes. Five hours. I can get to LA in five hours.

[00:01:21] Chris Gustavel: No traffic. Right?

[00:01:22] Hertha Patton-Moore: Right. You have to leave at three in the morning. You have to take the Five, not the 99.

You may get to LA, but you’re not gonna get to where you want to be in LA. Right.

[00:01:30] Fred Glick: You get to Santa Clarita maybe, but.

[00:01:33] Hertha Patton-Moore: Yeah, let me be specific.

Only three more hours to get to the beach. So. Price point wise too, I think, I mean, you know, it is what it is as far as you know, what’s going on in the economy, but we still have, I’d say a pretty decent amount of, you know, your standard three bedroom, two bath or four bedroom homes. I’d say the average is somewhere between six and seven, which is crazy because it wasn’t that a couple years ago, but, you know, pretty decently priced compared to the Bay Area is what I’m referring to.

So we still have a lot of people moving this way. And even further, Modesto, Fresno, like the outskirts of Sacramento, they’re starting to really boom and grow.

[00:02:15] Fred Glick: I know there is, but correct me ’cause I can’t remember the details, but there is a train that runs from Sacramento to the Bay Area.

[00:02:24] Hertha Patton-Moore: Yes.

[00:02:24] Fred Glick: If you needed to commute, is that Amtrak or what is that?

Yep, Amtrak. Okay. And so I guess it runs to Oakland and then you jump on the BART to get to San Francisco or a bus or something?

[00:02:35] Hertha Patton-Moore: Yes, yes. I think Berkeley, Richmond, some of those have connections. It goes all the way, it goes past Jack London now, I think too.

They’ve extended the BART and Amtrak in some places.

[00:02:48] Fred Glick: Yeah, I know. Allegedly BART and Caltrain are gonna run one big circle so you can go all the way around. We shall see. It’s getting close. It’s close in San Jose. I’m just not sure about the other direction. But

[00:03:04] Drew Thomas Hendricks: Yeah, it’s all that outskirts out towards Pittsburgh and I think that’s where they’ll connect it.

[00:03:10] Fred Glick: Somewhere. Who knows?

[00:03:11] Drew Thomas Hendricks: Help people that maybe considering buying a home in Sacramento. What are some of the challenges that kind of the new homeowner or the inexperience to the area homeowner faces in navigating the city in its areas?

[00:03:23] Hertha Patton-Moore: I think it’s pretty easy to navigate here.

I used to live and work in San Francisco and the one ways and the lack of parking, and to me that’s like anxiety times ten, but with Sacramento it’s not that bad. We’re pretty spread out. You have your like, your pockets. Everyone knows like Roseville, Rocklin, Lincoln, Granite Bay. That’s kind of like the, the half that’s closer to Reno.

You have West Sacramento, which is, I’d say the fastest. If you wanna live there, that’d be the fastest way to get out of Sacramento and head to the Bay Area as well as Elk Grove. We have a lot of Bay Area people who will move to those cities because they can still get to the Bay Area fairly quickly. Central you have East Sacramento, downtown is really beautiful. And then El Dorado Hills area, Folsom. Really great schools out that way, and you can get some really amazing views in that area as well. So it’s not too difficult. We’re kind of like a circle. I’d say it’s kinda like a circle. It’s downtown being in the middle, and then everything else is just surrounding the downtown.

To really generalize. How would you paint East Sacramento versus West Sacramento? East, West Sacramento is still being, I would say it’s super developed now. Still a lot of new homes, lot ofI’d say like grocery stores and just a lot of things are being built in West Sacramento.

[00:04:44] Drew Thomas Hendricks: And we’re talking about like the area between Davis and Sacramento.

[00:04:46] Hertha Patton-Moore: Davis. Now Davis is coming into Sacramento, UC Davis, amazing school. And that would be what you would hit before coming into West Sacramento. But that would be, yeah. That would kind of be ideally in the same area. East Sacramento is closer to downtown, I would say.

And you would probably pass through it as well on your way out to Folsom and El Dorado. But a lot of the homes in East Sacramento are older, but beautiful.

And just, yeah. Really beautiful old homes. And they hold their value. They hold their value over there.

[00:05:22] Drew Thomas Hendricks: And then what about like, navigating the water?

Because you could have a house on the Delta, or you could have a house on a lake.

[00:05:27] Hertha Patton-Moore: Yes.

[00:05:30] Drew Thomas Hendricks: I think a lot of people who aren’t from the region don’t really understand how much like ability to live at or close to water it is. Even though it’s in the middle of the California.

[00:05:39] Hertha Patton-Moore: Absolutely. Folsom Lake over, yeah.

By the Delta we have. Where else? I think

[00:05:47] Drew Thomas Hendricks: Granite Bay?

[00:05:47] Hertha Patton-Moore: Folsom Lake is really the, yeah. Granite Bay. Yeah. But Folsom Lake is really the popular I’d say place as far as like living near water. And yeah, the Delta.

[00:05:56] Drew Thomas Hendricks: And then what about the Delta? 

[00:05:57] Hertha Patton-Moore: We have a really nice community. We have some manmade lake type communities.

There’s one not too far from our Sacramento airport that has been building in the last couple of years. I wanna say they started in 2023/2024? It’s a Lennar community. They have a, a manmade lake, and it’s, those are really nice homes as well. So you have a few of those kind of manmade lakes? communities.

[00:06:23] Fred Glick: I remember kind of running around East Sacramento once, and I mean, the house is loaded. They blow your mind. I mean, they’re, it’s big. They’re solid, they’re beautiful. So somebody appreciated architecture back then. It’s nice. They also have this, I remember from Old Town there’s a bike path. I don’t remember which direction it is.

It was fabulous bike path. Really beautiful. So there’s a couple of ’em up there that I’ve heard of. So if you’re a cyclist, enjoy it up there, but can get hot in the summer.

[00:07:00] Hertha Patton-Moore: Very hot. Our temperatures last year, what? 117 I think was one of our highs? So I know this is gonna be brutal. Yeah, it’s been getting really, really hot.

[00:07:11] Drew Thomas Hendricks: So air conditioning is gonna be vital.

[00:07:14] Chris Gustavel: Absolutely.

[00:07:14] Hertha Patton-Moore: Vital. Vital.

[00:07:16] Fred Glick: Or lots of people with fans.

[00:07:19] Drew Thomas Hendricks: That was very interesting, Hertha. Have you seen the market evolve over the last couple months? Like what, as we’re current state of, we’re currently a kind of a tumultuous state in the economy right now. Are you seeing that trick trickle into Sacramento and…

[00:07:34] Hertha Patton-Moore: Because Sacramento is so close to politics. Homes are still, the values are still increasing, I’ll tell you that.

[00:07:40] Drew Thomas Hendricks: That’s good.

[00:07:41] Hertha Patton-Moore: Yeah. That’s not changing. Home values are still going up. I wouldn’t say I’m seeing foreclosures or anything crazy like that happening yet. Politics wise, it’s pretty much what you see happening everywhere else.

[00:07:58] Drew Thomas Hendricks: Not so much political, but are people writing less offers? Are you seeing a kind of everybody wanting to hunker down or actually buy a home so that they have a little bit of security?

[00:08:07] Hertha Patton-Moore: It’s definitely slowed down. I’m seeing those that can are, are doing right, are participating in the market, but there’s a huge chunk of the market that is just holding and holding steady. Definitely.

[00:08:20] Drew Thomas Hendricks: And Chris, how’s that? Is that translating up to Seattle area or,

[00:08:24] Chris Gustavel: Actually, no. No. I mean, we have two people this week that are looking to place offers.

I mean, I haven’t seen it. People are still, houses are still coming on the market. Multiple bids. People are still buying. So, I mean, not yet.

[00:08:38] Drew Thomas Hendricks: Well, I can say that’s been next to us for months. Finally went pending this week. So…

[00:08:43] Chris Gustavel: Really? See?

[00:08:44] Drew Thomas Hendricks: Yeah. That’s my anecdotal evidence.

[00:08:47] Fred Glick: Yeah. We’ll have to see what it went for.

That’ll be the big thing.

[00:08:51] Drew Thomas Hendricks: Oh yeah.

[00:08:52] Fred Glick: So hopefully keep an eye on it in a couple weeks, it’ll pop up. But Seattle’s kind of different than Sacramento. I mean, Sacramento’s quote unquote industry is the the government, and then there’s everything that kind of spurs around it. Oh, one question, Hertha.

Have you spelled any difference in the Sacramento area? Because you now have this baseball team formerly from Philadelphia.

[00:09:17] Chris Gustavel: What baseball team?

[00:09:18] Hertha Patton-Moore: Are they from Philadelphia? Yes. Are they?

[00:09:20] Fred Glick: Originally the Philadelphia A’s went to Kansas City and then moved to Oakland and now they’re in Sacramento.

[00:09:27] Hertha Patton-Moore: Wow. I didn’t know that.

I learned something new today.

[00:09:31] Fred Glick: There you go. Yes.

[00:09:32] Hertha Patton-Moore: There’s so much buzz around this team. We are expecting, we’re expecting a lot of growth from that. We are. And the season just started, I think the first game was last weekend, I believe. And huge turnout. The tickets are actually priced pretty, pretty, pretty high compared to what our River Cats team.

[00:09:51] Fred Glick: Of course you’re paying for more salaries.

[00:09:54] Hertha Patton-Moore: Exactly. And they had to do some work on the stadium as well to accommodate everybody. So no, we’re seeing, yeah, we’re expecting to see some growth somewhere with that. Haven’t run to any players looking for a house yet, but yeah, no, there’s a lot of buzz and we’re, we’re waiting to see what happens with that.

[00:10:10] Fred Glick: Yeah. It’s interesting because there’s still, the Vegas deal is not a hundred percent done, and this owner of the A obviously is a, a negotiator who doesn’t really care. He just wants to get what he wants. He’s got enough money. He doesn’t care though. ‘Cause he, I mean, that stadium in Oakland, I went about five years ago and I thought I was in a prison.

I mean, it was just so run down and terrible. It was just horrible.

[00:10:36] Chris Gustavel: Is this the Minor League team?

[00:10:38] Fred Glick: No, this is the Oakland A’s. This is,

[00:10:41] Chris Gustavel: But I mean, in Sacramento, this team is that

[00:10:43] Fred Glick: It was a minor league stadium and now they converted it.

[00:10:46] Chris Gustavel: Oh, okay.

[00:10:46] Fred Glick: A little bit so that the A’s could play there, because the deal is they’re waiting to go to Las Vegas.

So that’s kind of a good thing to talk about in real estate. Do teams help real estate, real estate values, things like that. And everywhere is gonna be a little different. ‘Cause like in Philadelphia they put the stadiums in South Philadelphia where basically nobody was. But there were, there are row houses that are near there town. Y’all might know ’em as townhouses, we called row house. ’cause they’re just house right next to each other. Fee simple. No associations. Anyway. So down near the stadium, they have to close off that area like three hours before the game so people don’t park. They have to have parking permits. So it’s a little bit of a pain that way.

You have to show some kind of an ID or, or the pass to get into the area during those games. I don’t even know what they do if your friends are coming over I’m sure there’s some way of getting them in. But you know, on one hand it’s a little bit of a pain on game day. And by the way, all the stadiums are down there, football, baseball, basketball, and hockey.

So it’s busy all the time and concerts, et cetera, et cetera. So, you know, it’s a little bit of a detriment that it’s busy. But think of yourself if you lived in a downtown area where there’s people walking around all the time. So kind of, sort of maybe the same that way. But the ability to just walk down to the game, you know, walk over in the sixth inning and get in for free or something, you know, it’s just great. Especially as a kid.

[00:12:25] Drew Thomas Hendricks: Oh yeah.

[00:12:26] Fred Glick: What a cool thing to do. So is there value in it? It’s the value to that person. The stadium.

[00:12:34] Drew Thomas Hendricks: The revitalization of the area. ‘Cause you’re gonna have all that infrastructure to support the…

[00:12:38] Fred Glick: Sure. But it’s more commercial and park, it’s transportation issues, food, entertainment, the game, hotels maybe, that’s it. I mean, there’s nothing else to, you know, an amusement park. I don’t know. I mean, it’s just so weird. Like in the Bay Area, you know, right next to the football stadium is the amusement park, but it, and you’re just behind a bunch of office buildings. It’s very strange.

But they put it there, the traffic goes there, it all works. And there’s people who live near there. I don’t think they care that the stadium is there or not.

[00:13:17] Drew Thomas Hendricks: Like the giant stadium. I forget what they’re calling it nowadays. It was packed bell in the day. But totally revitalized that area south of downtown.

[00:13:26] Fred Glick: I was just gonna start talking about that. Then came Mission Bay, which is just over the little bit of water there. What? Whatever that is, is that a canal right there where the houseboats are? By the way, the hardest thing to buy in San Francisco is one of those houseboats, trust me. Insane. You can’t get one.

I know of a billionaire whose name you would know that I could mention. Couldn’t get one.

[00:13:52] Drew Thomas Hendricks: Really? Nobody was selling it or just

[00:13:54] Fred Glick: Nobody was selling. They are so rare to get. It’s impossible. But anyway, yeah. The ballpark right downtown. Caltrain, two blocks away. The BART, five blocks away. So it’s really convenient that way.

There’s all the restaurants were there. They started buying up all the old buildings, tearing ’em down. You got all these condos and apartment buildings down there. Mission Bay then starts with offices then goes and builds at Chase Stadium for the basketball team and the concerts. So that’s starting populate.

So that’s getting busy. So that’s kind of the thing they were gonna do in Hunter’s Point, kind of next till they found, whoops. It’s a little dirty, dirty dirt. What were they doing in Hunter’s Point? Oh, they were building gazillions of square feet of everything. Including Google was gonna build their headquarters there, the second headquarters, but it all got pushed back because of the problem with the soil.

And, but I think it’s all solved now. I haven’t been following it day to day. But yeah, living, living near a stadium, I mean, it’s, you know, I don’t know. Anybody know of Chicago Stadium that Wrigley Field is in a neighborhood.

[00:15:16] Drew Thomas Hendricks: I know San Diego when they built the ballpark downtown that completely revitalized East Village and downtown San Diego.

[00:15:24] Fred Glick: So, you know, it’s good news, bad news. Every owner who’s been crying, they need money to build stadiums and they’re gonna have economic development. Yeah, a little long run. The economic development is there, is it worth it for the city to invest? I don’t know. I don’t make those deals, but I’m sure people smarter enough have figured that out if it happens or it doesn’t happen. But you know, there’s a lot more privately built stadiums now than there were years ago. ‘Cause these kind of guys kind of didn’t have that kind of money, so.

Now, they do. And so goes the rest of the economic area. So we’ve been just rattling here.

[00:16:07] Drew Thomas Hendricks: Do we wanna talk about prequalification versus fully underwritten?

[00:16:11] Fred Glick: That prequalification letter that I put, what we do kids here, a little behind the scenes stuff, is we have a Slack channel for our podcast of ideas. So during the week, anybody can just throw an idea there, and that’s what I do.

I throw ideas there, but I don’t tell the context. So Drew’s like, what the hell is this? So this is another one, Drew, that I caught you on. Now I threw up this preapproval there and you know, I’ve shouted this to the rafters. When you’re getting a mortgage approval, get what’s called a fully underwritten mortgage approval and nothing less. ‘Cause that means you’re done.

Everybody thinks, you know, you get kind of pre-approved and they sort of look at stuff, and then once you get a deal, you have 10 days to get the mortgage done because you have a, a mortgage contingency in the contract. But what if you’re bidding gets five other people and they’ve all waived?

And that’s really normal in California. So you want to be done. You want it over with, you want the underwriter to look at everything. So anything short of that, I’m not saying it’s a waste, but let’s go down to the pre-approval. What that means is they ran you through a computer program at Fannie Mae based on what you told them, and there’s certain things.

They run your credit report, and then they issue this thing called a Fannie Mae desktop underwriter. Approval, would they translate it back into an actual pre-approval form? But it says you’re approved, subject to you giving us all your documents. And things like that. There’s a lot of ways these letters are written.

You know, it says fully underwritten, pre-approval, but it really is a prequalification, have to be very careful. A prequalification means you just literally talk to a loan officer. And over the phone you told ’em what you want to do and they say, “Okay, I’ll give you a letter.” They don’t even run your credit maybe.

So those are completely worthless. But this buyer we have, it just got a prequalification letter, but it’s okay because he’s buying the house he’s living in. By the way, we do a lot of these, we represent one party, in this case, the buyer, we don’t represent the seller, but we do everything the seller needs in terms of the disclosures, et cetera.

It just so happens that’s the way this fell out. But the interesting thing was it was a condominium. It was more than five units. And if you listen to us regularly, which I don’t think anyone does, but that’s okay.

[00:18:40] Drew Thomas Hendricks: You’d be surprised there’s a fan base. I gave someone an autograph the other day.

[00:18:45] Fred Glick: Really? Drew’s signed an autographs.

No, I have not been stopped in the grocery store yet.

[00:18:52] Drew Thomas Hendricks: Just one of my identities.

[00:18:53] Fred Glick: No, no, but I don’t have my picture on the cart that you’re pushing or on the display where you can get the the moist towelettes to rub your hands with. So we all seen those in the supermarkets. Anyway. Where was I going?

[00:19:12] Drew Thomas Hendricks: Condominium.

[00:19:15] Fred Glick: Yeah, yeah, yeah.

[00:19:15] Drew Thomas Hendricks: So check your reserves.

[00:19:18] Fred Glick: So back to the thing, when you have five units or more, you’re, Fannie Mae says you’re supposed to have this reserve study. The reserve study says what’s going to go wrong in the property that the condo is responsible for, like the roof and the sidewalks and the landscaping, everything.

And it gives you, an independent person comes out. Evaluates everything and says, “This is how much you should have in reserve right now. This is how much you should be collecting per month, so when the bill has to be paid in 10 years for the roof, you’ll have enough money.” That’s the proper way of running a condominium association.

Small, self-run condominiums usually don’t have much in reserve. If anything, they kind of, “Eh, we don’t need that. Just pay 150 a month. We’re not gonna pay 300 a month. That’s ridiculous. Why would we do that? It’s a cheap condominium.” Well, it’s devaluing your, your property and if you don’t have this reserve study and kind of act on it, you are going to not be able to get a mortgage, so we thought. Or you can get, you can’t get the best rates from Fannie Mae, let’s put it that way.

[00:20:30] Drew Thomas Hendricks: Mm.

[00:20:30] Fred Glick: There are, I still call them subprime lenders, who will do a non-conforming condominium, they’ll call it. Gotta put 30% down or something like that at least. And the rates are gonna be higher by a couple of points, but here’s an interesting little twist.

So this buyer, he’s, he’s great. He’s prepared. It’s just a pleasure to deal with him. He’s already gone to this credit union. Now credit union’s interesting. Some of them never sell their mortgages.

They,in some way, shape or form, were able to hold on to 30 year paper. Most of ’em will have a five or seven year arm.

And what they do is they just mark up what they have to pay out as a CD for five or seven years, go 2% higher and loan that money out as a mortgage. That’s kinda old school way of lending. Then they kinda worry about it later down the road or get. There’s all kinds of stuff they can do. Technical financing stuff.

Anyway, so he talked to this lender. And I asked the lender and this woman who’s the loan officer’s, been there 20 years, it’s not like she’s some newbie. And I asked, and we, she got us the, the form that you fill out, you know, how many units are there, how many owners, what’s in reserve, blah blah. Like 20 questions that every time you get a mortgage, you gotta answer this.

The condo association desk. I said to her, “Look, you, you’re getting that. You’re getting the condo docs, you’re getting the insurance, you’re getting the budget. Are you, do you need a reserve study?” And it’s like, she didn’t answer my email a couple of times, but at the end after the third email, I said, ” I’ve been doing this a long time and I just wanna make sure we’re not caught up later.”

She said, “All we ask for is this condo form, the budget, the insurance and the condo docs. And this is a hundred percent owner occupied condo. Everything’s gonna be great.” So it’s like, “Okay.” They didn’t want it. They probably do not sell the loan. And what people have to understand is the loan is sold to Fannie Mae, and maybe you’re still gonna make the payments to the lender.

Fannie Mae owns the loan. They put it in a mortgage backed security, you know, a billion dollars, $2 billion, whatever, and your loan is sold off to some pension fund. Or pieces of it, but the servicer of the loan is getting paid every month by Fannie Mae to service the loan. That’s why there is a value to the servicing.

So even if, even if you’re paying X mortgage company, they don’t own your loan, they don’t know you, your loan is sold off. You have to start all over again when you refinance. But anyway, I’m, I’m of course going down to the long rabbit hole with this. But what they’re probably doing is closing the loans, keeping them.

They have the ability to sell to Fannie Mae. I believe it’s after 12 months of originating the loan. As long as there’s no delinquent, they can sell it and they don’t have to get all the stuff about the loan. So I guess that’s what they’re doing. They’re, they keep most of their loans from what I hear people make, keep making their payments as credit union.

Credit union are non-profits also.

[00:23:54] Drew Thomas Hendricks: Yeah. We’re not mentioning the credit union, but I, I have our solar loan through this credit union, so I’m familiar with them.

[00:24:02] Fred Glick: Huh. Okay. Solar is a whole different thing and we will, we could do hours on solar.

[00:24:10] Drew Thomas Hendricks: I was just outside needing a new controller.

Yeah. Yeah. Point nine. Point nine for the roof and the solar.

[00:24:18] Fred Glick: So if, if you’re in a situation where you have a crappy condominium that you want to get rid of, and you don’t want to have to just have somebody pay cash or go extra high on the interest rates with a lot down, find a local or in your state credit union, who will cover that area and see if they need the reserve study or not.

I was completely surprised, but it’s like, okay, cool.

[00:24:46] Drew Thomas Hendricks: You’re surprised that they didn’t need the reserve study?

[00:24:49] Fred Glick: Yes. We will talk back here after it closes. Okay. This is just what we have been told.

[00:24:57] Drew Thomas Hendricks: Shouldn’t the, your buyer be worried that there’s no reserve study?

[00:25:00] Fred Glick: I explained it left, right, and center.

[00:25:03] Drew Thomas Hendricks: Okay. And they’re, they’re kind of waving the, the good recommendations?

[00:25:07] Fred Glick: He’s lived there a bunch of years, I think seven years or something. So he like knows what’s going on. You know, he’s not even doing an inspection of his unit. He knows what’s going on with it. I told him he should still get it. But c’est la vie. So that’s the big news.

So I hear there’s some, this is what are we, April the seventh. I heard like on Friday something happened with the stock market that sort of continued Monday and sort of bounce all around and there’s these new prices you can have to pay to get stuff from other countries.

[00:25:46] Drew Thomas Hendricks: It’s, I don’t know what’s going on? We are gonna have more logs. Half the national forests have been opened up for logging.

[00:25:55] Fred Glick: Marvelous. Great. Let’s bring it down here to Pacific Palisades and rebuild houses with the wood so it can burn again.

[00:26:04] Drew Thomas Hendricks: Yeah, that nice segue into 3D printing and concrete and all the other new building materials.

[00:26:11] Fred Glick: Yeah. Google it, kids. Don’t eat sticks and bricks anymore. I’m sorry to our friends in the brick layers, but you know, hey, they probably run the 3D machines for the cement.

[00:26:22] Drew Thomas Hendricks: Well, there we have it. This has been another episode of We Fixed Real Estate.