Episode 1807
Weekday Update: Things for homeowners and tradespeople to look for this election season
I can tell you I hate politics and even political parties in general... but as homeowners, contractors, and tradespeople there are things we all need to keep an eye on this election season that could really effect us in our homes, our jobs and how we live for years to come.
Here is my take on what we need to look for this election season and I know this episode isnt going to make everyone happy but its my take on what you might want to look for and be careful of though November when we can happily say this whole thing is over for a little bit.
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Information given on the Around the House Show should not be considered construction or design advice for your specific project, nor is it intended to replace consulting at your home or jobsite by a building professional. The views and opinions expressed by those interviewed on the podcast are those of the guests and do not necessarily reflect the views and opinions of the Around the House Show.
Mentioned in this episode:
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Transcript
[00:00:37] Eric Goranson: Hope everybody's got some great plans this weekend, whether you're heading to the lake, or you're heading to the best you can. We're just chilling out and relaxing at home. I hope you take some time for yourself and relax before we get back into fall here. And we still got more summer left, you know, technically, but this is always the last hurrah a summer officially out there.
[:[00:01:14] Eric Goranson: And there's usually a lot of energy behind that and it's problematic to discuss, but as homeowners or future homeowners, it's something that I think we need to have a real discussion about. And the thing is, this is not about one political party versus other political parties, because in my opinion, the political parties are there to take money out of your pocket and create division because that creates more money.
[:[00:02:02] Eric Goranson: And that is something that can really affect homeownership out there because In some places that can add five, 10, 000 a year to your monthly bills that have to get paid to the government. So one of the biggest problems that I see out there is that we have. With our two party system that we've got out there is we've got a lot of us versus them mentality.
[:[00:02:44] Eric Goranson: So, we can play this game from either party, but we know that they're the ones in the box seats that are sitting there at the conventions, that paid a million bucks, and they're the ones writing the big checks. So, let's not fool ourselves with the, Oh, this party is about me, the little guy, because it's [00:03:00] really not.
[:[00:03:23] Eric Goranson: What did they do? They took that COVID money and actually hired teachers and brought in more administrators, less teachers, more administrators, actually. And they put them into social media accounts and things like that, that they're out there running for them. The problem that we're seeing with that is COVID dollars ran out from the government.
[:[00:03:59] Eric Goranson: So [00:04:00] if you like the arts, if you want to have people learning the trades in school, those are the programs getting cut right now. They're not cutting out the extra administrators. So this is a problem that we want to see. So if you have children or if you are following the school district in your area, make sure and show up for those budget meetings.
[:[00:04:39] Eric Goranson: And they're killing hundreds of programs out there. And so that's one of those things that we need to hold some accountability to. So pay attention to that because we got to keep those trade programs open. So we don't have kids out there with no skills going into the workplace after they leave high school, because they weren't meant to go to college.
[:[00:05:19] Eric Goranson: Make sure we're holding them accountable as homeowners, because guess what? We're the ones paying those taxes. So that's the first one there. Second of all, anytime that I see the government coming up with new ways to tax us, I get very concerned because it kicks the door open for that program to expand.
[:[00:06:03] Eric Goranson: These are things that we're going to tax. These big corporations that are making money. Those big corporations could be Home Depot. It could be Lowe's could be your local lumberyard chain. Those things are going to show up in your housing prices because those materials are more expensive. Just as you see that with appliances, LG, Samsung, Whirlpool, GE, all these companies, if they're cranking more corporate taxes on them, rest assured you're paying for that the next time you go buy something.
[:[00:06:58] Eric Goranson: So I want to make [00:07:00] sure that we're not making this worse in the years ahead. So be very careful of the word taxes. Now there's something that's been coming up here. That's been all over social media and it's something to be very careful with. And this is my best advice to you guys out there. If you see a news story that pops up or social media pictures about something, great example.
[:[00:07:46] Eric Goranson: Now here's the thing. They didn't say that. That CEO didn't make that comment on CNBC. It was literally, completely, 100 percent false, never was said. But Lowe's took a lot of heat this last week [00:08:00] because of that, even though it was 100 percent fake news that got retracted. But guess what? That meme just kept traveling around the internet, and it got a lot of people fired up.
[:[00:08:37] Eric Goranson: Because right now, there's a lot of news organizations out there that are national, and I'm not talking about really the network guys, but there is Guilty as well. But I'm talking about print online, those kinds of things where they're making statements. It's not what the candidate's saying at all.
[:[00:09:07] Eric Goranson: Now, one of the things that I'm really worried about right now And it's something that came up in the presidential stuff this last week. And it's not clear with what exactly is going on because again, presidential candidates haven't said it and we're getting a lot of speculation. And that is as a homeowner, this could be a big deal for you if they move the bar of what the rules are.
[:[00:09:51] Eric Goranson: It was a wreck. And now you've got some serious capital gains tax to pay. That's one thing unrealized capital gains is the perception of what your [00:10:00] house currently is and how that works would be. And this is important. If I purchased a house for 400, 000 bucks and it appreciates 50, 000 the next year, an unrealized gain at 25%.
[:[00:10:39] Eric Goranson: In my opinion, that is a dangerous precedent to set because it's real easy for them to go, Oh, it didn't bring in what we thought at 50 million. So we're going to bring it down to one. Now, where that affects you is if you've got a 401k or you've got any of these things, stock markets, you've got [00:11:00] maybe a family farm, these are things we need to be really careful with, and I, I would recommend to everybody to take a hard look at it.
[:[00:11:34] Eric Goranson: If you get above a certain rate that they're going to tax that. Unfortunately here, we've had some businesses move from California up to Oregon, because it's a little bit better of a, a little bit better of a business atmosphere here. The problem we're going to see though, is those companies are going to move to another state again.
[:[00:12:21] Eric Goranson: For the free lunch programs, food stamps, any of that stuff that you're trying to get, it could hurt your kids low income college scholarships. These are all things we've got to be very careful with. And trust me, I want people to get up and get out of poverty and I want them to get up and live a good, comfortable life without having people in the household work at 80 hours a week and busting their chops and be able to live a comfortable life.
[:[00:13:00] Eric Goranson: We're getting less services. I think it's time for them to cut back. Like we've had to cut back as citizens in the United States. Let's see if we can get, I bet you, if we, if we had them look at their budget, had somebody outside coming in, Bet you could get 30 percent out of the government to cut back.
[:[00:13:33] Eric Goranson: About time. We tell them to do the same thing. That's my soapbox for the day coming up this weekend. I want everybody to be really safe and have a wonderful time out there. There is some great times we had this weekend. Relax. R and R I'm going to be doing that. I got a great concert. I'm going to on Friday night.
[:[00:14:08] Eric Goranson: This is a great midweek special. Wanted to get that off my chest. Don't get mad at me. And if you are, guess what? I'm just trying to speak the truth from my perspective. Have a great rest of the week. Everybody. You want to find out more about us head to around the house online. com. We'll see you Saturday.
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