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People don't call us because they need a mortgage. They call us because they need help making a housing decision.
Mortgage Matters is a Las Vegas, Nevada-based radio show and podcast hosted by mortgage advisors Roland Daniels (NMLS 355859) and Heidi Griffith (NMLS 2247754) with Geneva Financial. Airing every Sunday at 7:30 AM on KUNV 91.5 and available wherever you listen to podcasts, the show explores the real-life decisions, opportunities, challenges, and financial realities that shape where and how we live.
Every week, Roland and Heidi tackle the housing conversations people are already having around kitchen tables, at family gatherings, and on social media. Should I buy or wait? Is my first home supposed to be my dream home? Should I move up, downsize, invest, or stay put? How do I build wealth through real estate? What's the smartest use of my money? Through honest conversations and practical guidance, they help listeners make sense of the choices involved in renting, buying, selling, investing, and planning for the future.
Drawing on decades of mortgage and housing experience, Roland and Heidi break down real mortgage questions, homeownership strategies, down payment assistance programs, FHA loans, VA loans, conventional financing, housing affordability, wealth-building opportunities, and the financial realities that influence housing decisions.
Mortgage Matters also shines a spotlight on the people and organizations working to strengthen communities across Las Vegas and Nevada. Through conversations with housing advocates, nonprofit leaders, educators, elected officials, and local changemakers, the show explores the issues that affect housing, opportunity, economic mobility, fair housing, and homeownership throughout Southern Nevada.
Roland and Heidi are active community educators who lead free homebuyer workshops across Nevada in partnership with organizations including the Nevada Housing Division, Chicanos Por La Causa (CPLC), and Nevada Rural Housing Authority. Roland serves as a director with the local chapter of the National Association of Real Estate Brokers (NAREB), and Heidi serves as President of the Silver State Fair Housing Council, where Roland is also a board member. Together, they bring mortgage expertise, housing advocacy, community involvement, and a passion for helping people make informed housing decisions to every episode.
Announcer 0:00
This is a K-Unb Studios original program. The
Wesley Knight 0:04
content of this program does not reflect the views or opinions of 91.5 Jazz and More, the University of Nevada Las Vegas, or the Board of Regents of the Nevada System of Higher Education,
Music 0:22
the
Roland Daniels 0:43
Good morning, Las Vegas. Welcome to Mortgage Matters. I'm Roland Daniels, a certified mortgage advisor with Geneva Financial. My NMLS number is 355859 Our company NMLS number is 42056 and I'm here this morning, as always, with my fantastic co-host Heidi Griffith. Good morning, Heidi.
Heidi Griffith 1:08
Well, good morning, Roland. How are you?
Roland Daniels 1:11
I am doing wonderful.
Heidi Griffith 1:12
Having a great week.
Roland Daniels 1:13
Absolutely,
Heidi Griffith 1:14
keeping cool.
Roland Daniels 1:15
Oh, it's very hot. It's
Heidi Griffith 1:17
very hot. Hopefully everybody's keeping cool.
Roland Daniels 1:20
Yes, having a good
Heidi Griffith 1:21
week. I'm Heidi Griffith. I am also a mortgage advisor and your director of client services. My NMLS number is 2247754 So, we have a class coming up in a couple weeks.
Roland Daniels 1:34
We do on July the 11th, that's a
Heidi Griffith 1:36
Saturday. It is. This is my favorite class that we teach. It is. it is the path to home ownership with CPLC. They're the HUD certified counseling agency that we work alongside with,
Roland Daniels 1:48
and it's probably the most comprehensive first-time homebuyer workshop in Las Vegas. I
Heidi Griffith 1:54
couldn't agree more. I mean, this, this workshop, it's a commitment. It
Roland Daniels 1:58
is,
Heidi Griffith 1:59
it's from 830 in the morning until three, they try and get you out early. They provide snacks. We've got lunch for you. We try and keep you hydrated and well fed, but it is a commitment. It's your full Saturday, and I think that the people that show up in the room are really committing to themselves by being there.
Roland Daniels 2:20
Well, yeah, imagine spending six and a half, seven hours in the workshop.
Heidi Griffith 2:24
Absolutely, but the the knowledge that you gain when you leave that, that spot, it really is priceless,
Roland Daniels 2:33
right? Because one of the first questions we ask, are you learning anything, and they all say yes,
Heidi Griffith 2:38
almost so much that everybody's taking notes, whether they're taking them on their phones or they're handwriting the notes, because it is a lot of information. It is, and it's the information that Google, when you Google how to buy a home, typically isn't providing you. This isn't a workshop where it says get pre-approved, and these are the documents you need. And then you meet with the realtor, and you look at 12 houses, and you put an offer in, and you get your keys, and that's what it looks like. This really is the foundation to setting you up to become a homeowner, the
Roland Daniels 3:09
most successful homeowner, because that's the end goal,
Heidi Griffith 3:12
that's the end game, 100% This isn't to go buy the most expensive house that you could buy to buy the most health, this is to really figure out what home ownership looks like before becoming a homeowner, and during the process of buying a home, as well as after you close, right? Because it's not like renting when you own a home,
Roland Daniels 3:31
it's not.
Heidi Griffith 3:32
And in the workshop, I mean, they cover things like, you know, that starting point, what kind of money do you need, budgeting, credit, and how to improve your credit, and how to continue to build your credit. It's
Roland Daniels 3:43
just most important,
Heidi Griffith 3:44
and that alone. I mean, I pick up tips every single time I'm there. They talk about homeowners insurance, and what homeowners insurance is, because it's, you know, it confuses a lot of people. Home warranties, homeowners insurance, there's a lot of things.
Roland Daniels 3:57
Just like during the workshop, they're talking about three different types of insurance, and that's one of the questions that they'll ask you.
Heidi Griffith 4:04
Yep, and they do ask the workshop is held by HUD counselors,
Roland Daniels 4:09
you certify HUD certified at
Heidi Griffith 4:11
100% You do the mortgage portion, there's a real estate portion, you're going to meet with Eric and Thomas, and they know what they're doing, and when I say they're HUD certified counselors, they're there for the consumer, they're there for you, they're not there for me, they're not there for a real estate agent, they are actually there to make sure you have the information you need to make an informed decision.
Roland Daniels 4:36
Absolutely,
Heidi Griffith 4:36
so if you have any questions about that class, again, it's going to be on july 11, that is a Saturday, doors open at 820 Class starts at 830 You're more than welcome to give us a call or text us, and we'll get you all registered. Our telephone number is 702-540-0420 Again, our number is 70254 00420
Roland Daniels 5:02
so let's do this.
Heidi Griffith 5:03
Let's do it. So, so last week we had a great conversation.
Roland Daniels 5:06
We did eight. We actually ran out of time. We ran out of time,
Heidi Griffith 5:10
and we were talking about home ownership. We were talking about, you know, kind of that financial guru message that we're hearing from a lot of these. These here I go with my top
Roland Daniels 5:20
gurus on social media in the
Heidi Griffith 5:23
housing space. Yes, in the housing space, in the investment space, and we had, I think, we had a really good conversation about that, the pros, the cons, all that kind of stuff. The bigger part of that conversation is a lot of these folks are out there on social, on YouTube, putting out the message that you should rent where you live, you shouldn't own where you live. It is, it doesn't cash flow
Roland Daniels 5:49
right, because they, I guess, they want you to buy in an investment property. Well, no, is it? Or you own a price? That's the well,
Heidi Griffith 5:57
and they were, I mean, a lot of the information that I'm hearing is never own your primary residence. It doesn't cash flow. If you want, you know, if you want to own real estate, get an investment property. And for some people that could be very valuable, but you know, they're saying that you want the flexibility of renting, so you can kind of, you know, I guess you could cruise around the world and just to own investments, and I have some issues with that. I personally have some issues with that, because I think that the message is wrong. That's not telling people you have to buy your primary residence, but I know, speaking for myself, I want to own my primary residence, and I know a lot of people close to me who want to own their primary residence, and they don't want investment properties, because investment properties aren't everybody's jam.
Roland Daniels 6:45
No, it's a lot of work, it's another business.
Heidi Griffith 6:47
Well, and that's exactly it. So, you know where we left off, and the question that we kept coming back to was, if ownership is such a bad idea, why do wealthy people keep buying so much of it?
Roland Daniels 6:59
That is a great question, yeah,
Heidi Griffith 7:01
but, but then there's the part that we didn't get to, and I think it's actually possibly the bigger part of the conversation, and you know, taking a look at it, are we building homes or are we building renters?
Roland Daniels 7:13
It depends. Well, we, we as homeowners, or potential homeowners, we're hoping that they're building homes, but from an aspect of a private equity group, I'm in the business of building renters.
Heidi Griffith 7:29
Well, yeah, and you know what, I'm all for folks wanting to own investment properties. You have investment properties,
Roland Daniels 7:37
I do,
Heidi Griffith 7:38
right? And I'm not saying that investment properties and investors are bad, but what I'm saying is, if we keep putting out this narrative that you shouldn't own, because it's easier to rent, because your lifestyle will continue to go the way it is, and you can be free again, travel the world, just be a jet setter. Well, I think that's a new marketing message to get people to think about renting forever, and that's what we were talking about. This message is coming from someone who owns apartment buildings all over the country. This message is saying, I make my living, my wealth, because he's got a few dollars, he's wealthy. I make my living, and I make my wealth off renters.
Roland Daniels 8:23
Yes,
Heidi Griffith 8:24
it's a good message for him.
Roland Daniels 8:26
Absolutely.
Heidi Griffith 8:27
Should we, should we actually sit and listen to it, though? That's that's a question you got to ask yourself. I think that when we start talking about it, and when we think about the conversation as a whole, just away from that scenario, you know, we as a country, we have a housing shortage. We hear about it a lot, and then about every
Roland Daniels 8:48
day. Well,
Heidi Griffith 8:48
and then you hear the opposite, that we have more inventory than we've had in four years. So, there's a lot of just really confusing information out there. My opinion is, take it with what you want to take it, but we need more affordable housing.
Roland Daniels 9:05
Absolutely, so
Heidi Griffith 9:06
yes, there is a housing shortage of affordable homes. What's being done about it? Well, we'll talk, you know, if we have time, we'll get to it, but I think more housing and more home ownership actually sound like the same thing, I don't think they're always the same thing. More housing can be, let's build more apartments, and that could be of value. It could mean let's buy more single family rental properties, it could mean let's build some rental communities, and that might help supply it, might help bodies theme
Roland Daniels 9:43
to what you're saying, all about rentals and not ownership,
Heidi Griffith 9:48
right? And you know, affordable housing to purchase affordable housing. If we have time, we'll get into what the, you know, this, the state is doing in relationship to that, and is it going to work? Work, or how does it look?
Roland Daniels 10:01
Right, there's many things we don't have that crystal ball, but there's many things ahead.
Heidi Griffith 10:07
Yeah, because you know, talking about housing supply and creating these, I don't know, rentals and that kind of stuff, that doesn't automatically create something a buyer can own.
Roland Daniels 10:18
I agree. Well, let's see if we had, let's say we had the 100,000 homes, wasn't it 100,000
Heidi Griffith 10:27
Yep.
Roland Daniels 10:28
Imagine, damn, explain what the 100,000 are, because
Heidi Griffith 10:30
if you didn't tune into last week's show, we actually talked about a bit of research that was done by UNLV Lead Center for Real Estate,
Roland Daniels 10:39
right
Heidi Griffith 10:40
between 2009 1009 and 2024 investors, and these could be individual investors, this could have been a property that you purchased, Roland, right? It could have been a private equity firm, it could have been a major corporation, but between 2009 and 2024 nearly 100,000 homes were purchased by investors in the greater Las Vegas Valley.
Roland Daniels 11:08
Imagine that being part of our pool that we have our borrowers being able to shop and being able to purchase one of those homes, part of that 100,000 right? Well, no, they're
Heidi Griffith 11:22
not available. Well, maybe they are now. Again, this started in 2009 Maybe they've since sold them, and I think that's the bigger conversation, is the stuff that we're going to talk about next,
Roland Daniels 11:32
right?
Heidi Griffith 11:33
So, investors were coming in, and they were virtually across the nation buying up blocks. They were buying blocks of homes, entire
Roland Daniels 11:41
communities.
Heidi Griffith 11:42
I know that in some of the research that I did, one of the hot spots in Las Vegas, when investors started looking at us as a city rich for investment, was North Las Vegas. North Las Vegas was a big one. Homes were a little less expensive, and the rent versus own numbers were right, they were correct for them, and they came into North Las Vegas, and they bought up so much,
Roland Daniels 12:10
so then North Las Vegas was like kind of flying under the radar. Oh, and they found that opportunity,
Heidi Griffith 12:17
they flew under the radar with that opportunity, and they, and they did it in other areas of the valley, East Las Vegas Enterprise, there was a lot of areas of the valley that became very heavily saturated with investment owners,
Roland Daniels 12:30
right?
Heidi Griffith 12:30
You know, interest rates were good, a lot of them were financing some of this stuff, prices were still fair in an investor's eyes, they penciled out, the numbers worked for them, and their performa
Roland Daniels 12:42
right,
Heidi Griffith 12:43
and that mindset still continues. My concern with investors buying up blocks of homes is, do we get to a point we know that prices continue to rise? The bubble, the bubble hasn't come like forecasted by so many armchair, you know, like the street committee tells you, right, that's your.. we all know who the
Roland Daniels 13:05
street committee,
Heidi Griffith 13:06
so everybody has these big voices, probably doesn't own a home, but they've got big voices, and they like to give you their opinion, but the bubble hasn't burst,
Roland Daniels 13:13
it has not,
Heidi Griffith 13:15
prices haven't, you know, they have prices slowed down a little, absolutely, number one, it's summer,
Roland Daniels 13:21
it is.
Heidi Griffith 13:22
People are on vacation, it's hot, but we haven't seen any major decline in price.
Roland Daniels 13:29
This is prime home buying season.
Heidi Griffith 13:31
Prices continue to go up. Do we get to a point where we're priced out, and do we at that point, as we, as you know, as affordability gets further and further out of reach, and we've got a bunch of investor-owned properties, do we become a city that's almost, you know, you live in corporate housing,
Roland Daniels 13:52
you know, that is a possibility, and I really do think maybe in 1015 years we may be priced. I hope I hope it's
Heidi Griffith 14:00
not true,
Roland Daniels 14:00
home buyer.
Heidi Griffith 14:01
We have this conversation a lot. We have the conversation, you know, and I compare things to California because I think most of us understand what housing looks like in California,
Roland Daniels 14:12
right?
Heidi Griffith 14:13
And how the average person, you know, wages are typically a little bit higher in California because cost of living, but the average person in California can afford to own a property. A lot of properties in California that everyday folks own have been in their families for a while. They
Roland Daniels 14:32
have that generational ownership,
Heidi Griffith 14:34
right? And not even that day, I mean, maybe they purchased their home in 1972 or even in the 80s, or wherever that was, but we do understand that California home prices, overall, not every city in California, but the major metropolitan images in California, and is that going to happen here? I mean, we've seen from 2018 to today prices go. From the medium price being mid two hundreds to now medium price being mid four hundreds,
Roland Daniels 15:06
right. It
Heidi Griffith 15:07
hasn't been that much time since 2018 It
Roland Daniels 15:09
has not,
Heidi Griffith 15:10
I mean, in COVID and the interest rates and all of that kind of stuff pushed prices up,
Roland Daniels 15:16
plays a factor,
Heidi Griffith 15:17
but we haven't seen a correction from that.
Roland Daniels 15:19
We have not,
Heidi Griffith 15:20
and we can't say whether or not we will
Roland Daniels 15:22
be. We don't have that crystal ball,
Heidi Griffith 15:24
but investors took advantage of that.
Roland Daniels 15:27
They did,
Heidi Griffith 15:27
and so I think that at some point policy makers started to have the conversations, you know. I know that Dina Neil put a bill into place.
Roland Daniels 15:39
She did.
Heidi Griffith 15:41
Unfortunately, it didn't make it through. That was in, I believe, into it was March of 2025 That bill didn't make it through. It was
Roland Daniels 15:51
vetoed.
Heidi Griffith 15:52
It was.. it wasn't that bill wasn't vetoed. It just.. she didn't get the votes. It didn't make it, but it was the bill was to really take a look at investors and limit the number of properties an investor could own, but it also went deeper into making sure that we were checking stuff, because when we say an investor can only own a certain amount of homes, so they don't buy up the city,
Roland Daniels 16:19
right,
Heidi Griffith 16:19
right, that can get a little convoluted because you know one of the biggest investors that buys real estate in the country doesn't buy ABC Main Street or 123 Washington Boulevard
Roland Daniels 16:34
right
Heidi Griffith 16:34
under their company name,
Roland Daniels 16:36
yes,
Heidi Griffith 16:37
they buy it under an LLC,
Roland Daniels 16:38
maybe multiple,
Heidi Griffith 16:40
probably more than multiple, because there could be hundreds of LLCs in this city where the primary owner, the person that's on the deed, their name isn't on the paperwork. So that's really hard to track, because again, we want to make sure that people have the ability to be investors,
Roland Daniels 16:58
right?
Heidi Griffith 16:58
But when we don't know who the mom and pop investors are versus a private equity firm that comes in Wall Street, it makes it very difficult, and that bill that she proposed actually included some checks and balances for that, cross referencing and making sure that we're not just sliding under the radar, and it sounds good, and they've even started to take a look at it from a national level. The administration, there was an executive, Trump signed an executive order, and you know, the the headline was beautiful, the title of the bill was beautiful, and you know it was talking about keeping Wall Street out of Main Street, really limiting investors across the nation, making sure that these big companies weren't coming in and buying single family homes. Sounds great from the outside. I was like, wow, well, this is good, this is a great thing, this is a wonderful step forward. And then I started reading the executive order, and there was an asterisk, and the asterisk was basically with the exception of build to rent neighborhoods.
Roland Daniels 18:09
They actually put that in there. Well,
Heidi Griffith 18:10
yeah, I mean, basically it was like we're going to limit investors, except for we're not going to worry about these build to rent neighborhoods. You might be familiar with them, you've probably seen them, at least seen them, when you're driving around town. They've been in town for a while. I think the first one was built in North Las Vegas,
Roland Daniels 18:27
right,
Heidi Griffith 18:27
in about 2020 These are neighborhoods that look like single-family neighborhoods, or well, they are single, they are single-family neighborhoods, they're detached products, typically two stories, and they are built with their sole purpose to be rental units, and for renters, or for, you know, people out there, they can look really attractive, because I know, as we talk to people, you know, they don't want to live in apartments forever, you don't want to be an apartment dweller in Las Vegas forever, right? You know, maybe in New York City, that's a different conversation, but in Las Vegas, most people don't want to be apartment dwellers forever, and they envision themselves in homes, and so these can be shiny, bright things, I mean, new house, garage, backyard, quartz countertops, stainless steel appliances, some
Roland Daniels 19:17
of them have pools,
Heidi Griffith 19:18
maybe the neighborhood has a pool in it, you know, absolutely no upstairs neighbors, no downstairs neighbors, nobody making noise around you, no down payment, no mortgage. Sounds fantastic, you know. We don't have to fix the roof when the roof leaks. If the air conditioning goes out, we call the landlord. All of those things sound great. They probably have some of the strongest marketeers I've seen in a long time, I mean, they are selling the American dream, and telling you all you have to do is subscribe to it. You don't have to own it, just like I don't know your streaming services, you don't have to own the movie, you can just stream it.
Roland Daniels 19:54
They have the
Heidi Griffith 19:55
1995 a month, except for the things that we don't think about. In these rent or build to rent communities, is that as we pay our rent every month, we're building somebody else's wealth, we're paying off their debts, if they have any mortgages on that community, you know that we're paying off that stuff, and we're not building anything from it, the same, the same story as anybody who's renting, and again, not everybody wants to build wealth through real estate. Cool, but if that's a goal, my thought process is don't let people stop you, and don't make a move just because it looks good,
Roland Daniels 20:36
right?
Heidi Griffith 20:37
That's what they want us to think. They want us to think, okay, well, you want a house with four bedrooms and a three car garage and a yard for your kids to play in, and does it make sense for everybody? Well, it makes sense for some people. Some people, you know, if maybe you're moving to Vegas because you have a contract with your job for two temporary, and you know that you're not going to stick around because you're going to go to Seattle,
Roland Daniels 21:00
right.
Heidi Griffith 21:00
Well, yeah, absolutely. And you don't want to live in an apartment complex because you don't want the noise, you want something that's, you know, more secluded, more private. This makes sense if you are, you know, your kids are finishing out their senior year of high school and you're gonna buy an RV and travel the country for the next five years. Yeah, absolutely, it makes sense.
Roland Daniels 21:21
You know, it depends.
Heidi Griffith 21:22
If you've sat with the fact that one day you want to own a home, but this is, you know, as close as you're going to get. I don't think that makes sense. No, I don't. Story
Roland Daniels 21:32
changes.
Heidi Griffith 21:33
Well, and your story should change. Don't let anyone else's story
Roland Daniels 21:37
be your story,
Heidi Griffith 21:38
and don't, and don't let them tell you what your story is, because that's an important thing. Yes, these neighborhoods are cute, but these neighborhoods are still rental neighborhoods. I mean, I know I don't have the data with me, so I'm not going to give any specifics, but I know that there was a big lawsuit in the $40 million range from one of these big companies that owned these build-to-rent communities, and they were falsely evicting a lot of people. They were falsely charging late fees and penalties, and they were charging people different deposits based on different things. I'm going to leave it with that, because I don't have the data in front of me, and I would like to give the exacts on that, but they're not all roses, and you know, cuddles,
Roland Daniels 22:27
right? Understandable, because I think we did close, or we had three borrowers that were from a rent to own community, and sometimes they made it difficult to get information from them regarding usually landlord information. I had to reach out to one of their, they have managers assigned to each one of these. Yeah, they're like property
Heidi Griffith 22:51
managers, right? Yeah, and again, they're not all bad. I mean, of course, it depends on the person you deal with, but is it set up for your success, is any rental property set up for your success? Well, maybe if you know the landlord and they're an independent landlord and you have a great relationship with them. Yes, but otherwise you're basing everything on contractual things. And when we say there's no mortgage, and one of the talking points from one of these financial advisors that I watched, one of his talking points was, you know, property taxes go up, they do in most instances, property taxes go up, but so does rent, right? In most instances, maybe in states where there is rent caps, we can be more free with that, but are there any rent caps in Las Vegas? The
Roland Daniels 23:40
answer to that is no. We have no rent caps here. There is
Heidi Griffith 23:44
no rent control here. There is no rent caps. Your landlord can do what they will when your lease is up,
Roland Daniels 23:50
and they did do that during Covid.
Heidi Griffith 23:52
Well, and they still do that. And you know, I read an article again, that you know, you read an article today and you read an article tomorrow. Yesterday it was that rents are coming down. I read that, but then I read another article today that rents were creeping up, and I think where it gets convoluted is that it really depends. Number one, where are you renting? If rents are coming down, do you think your landlord in the lease that you're in is going to knock on your door and be like, hey, I heard rents were coming down, I am going to reduce your rent by 12% because that's what rates our rent are coming down.
Roland Daniels 24:24
I don't think I've ever seen that before.
Heidi Griffith 24:26
Odds are no, and that's usually, you know, that's usually if you're finding a new place and you get lucky and all of that kind of stuff. But if you're renting right now, you understand what I'm talking about. We've all been there, and then all of the deposits that come along with it, and any fees they decide to throw in, anything that they choose to amend, while not even in your contract, but maybe in the community while you're there, these things happen, and again there is a place for these properties, but there is no asterisk saying that we can limit these. Yeah,
Roland Daniels 25:00
right.
Heidi Griffith 25:01
So, for renters, maybe it feels like a house, so it makes you happy. For investors, this type of thing versus buying homes throughout the valley, being able to build a bunch of investment properties in one area, it operates like an apartment complex, and that's why the model is so powerful, and I think a lot of these bigger investors are looking at models like this, because people like them, they can be marketed so phenomenally. Sounds good. Have a yard, raise your kids, have a barbecue with your neighborhood or your neighbors, don't pay a mortgage.
Roland Daniels 25:38
And if these models weren't successful, they would not exist, and they keep building a lot of money,
Heidi Griffith 25:44
they keep building them. I feel shaking my head, and they keep building them throughout our city.
Roland Daniels 25:48
Yes, they are.
Heidi Griffith 25:49
And you know, food for thought, we've seen it on the past several files that we've had, like the past three out of the five files that we've had, we've seen investor sellers, we have that transaction to our clients is very different than if you or I are selling our homes.
Roland Daniels 26:07
Oh, wow, yes, it
Heidi Griffith 26:08
becomes very transactional. The
Roland Daniels 26:10
emotional part has been actually eliminated. Well, it's
Heidi Griffith 26:14
stripped from the seller's side, because if you're selling your home, you know you're a family, you're selling your home, you're selling the place your kids grew up, you're selling a place that you created this quiet retreat for you and your dog, you're selling all of those things in memory, so you're a little bit more emotional as a seller,
Roland Daniels 26:32
you have a more attachment, right, and
Heidi Griffith 26:36
and you understand that you know someone else is going to come in and love your home as much as you did. When we're talking about institutional sellers, they're looking at their, their spreadsheets.
Roland Daniels 26:48
It's the bottom line,
Heidi Griffith 26:49
they're looking at their spreadsheets, and so negotiations are very different.
Roland Daniels 26:55
Totally, the
Heidi Griffith 26:56
whole process is different. We are seeing more investors selling. This is just, you know, coincidence that the past three out of five have been institutional sellers, so maybe it's just those are one-offs,
Roland Daniels 27:08
right?
Heidi Griffith 27:08
But I think a lot of investors are looking at how can we, instead of having houses sprinkled all over the place and having the risk that some lawmaker is going to come in and limit
Roland Daniels 27:21
us right.
Heidi Griffith 27:21
How can we figure out how we continue to do what we do and make it harder for us to buy homes? It'll be interesting to see how all this plays out, but I guess the bottom of that story is don't let anyone tell you, even us, don't let anyone tell you how you should think that's like a lot, again, right?
Roland Daniels 27:42
It's a lot.
Heidi Griffith 27:42
This is a conversation that we could keep having.
Roland Daniels 27:45
We can.
Heidi Griffith 27:45
We want to make sure that all of us have a fair and equal opportunity at housing, if that's what we so desire.
Roland Daniels 27:52
Yes, we don't have the opportunity. Yeah,
Heidi Griffith 27:53
and as we, as I talk about that, let's talk about fair housing for a second.
Roland Daniels 27:58
Let's do it.
Heidi Griffith 27:59
Everybody deserves equal housing access to housing opportunities and protection under the law, whether they're buying or renting a house.
Roland Daniels 28:05
Agreed, right. Totally.
Heidi Griffith 28:07
And Silver State Fair Housing Council helps people by providing education, outreach, advocacy, and support around fair housing issues right here in our state. Fair housing impacts renters, homeowners, buyers, people with disabilities, families, seniors, every single one of us, fair housing is an optional. It is the law. If you have any questions or need resources, please feel free to reach out, and we'll help connect you. Our telephone number is 702-540-0420 Again, that number is 702-540-0420
Roland Daniels 28:41
We'll be back next Sunday morning at 7:30am right here on KU and V 91.5 Until then, believe in what's possible, even if you've been told that it's out of reach. And remember, stay true to yourself and your mind.
Heidi Griffith 28:58
Bye,
Music 29:02
you.
Transcribed by https://otter.ai