Hey guys, real quick, I'm going to be giving away a $1,000 built gift card and a pair of free tickets for you and a plus one to attend our holiday party this December 13th and an exclusive invitation to our private opening ceremony on the water, private chef, live music, and an opportunity to come hang with me and the team.

To enter to win, all you need to do is drop a five-star review and

rating on Apple Podcasts or Spotify, send a screenshot to giveaway at somerscapital.com,

and we'll be selecting lucky winners Monday, December 8th. Now back to the show.

Biggest opportunity right now is actually buying the land at a discount. The market buyer and seller confidence is super low,

which means, you know, when there's blood in the streets,

buy, buy, buy.

If you can't sense that, it's because you're not in the market.

The market's very scared right now,

and it's always very scared before it gets good and everyone's like oh I'm just

going to wait until it hits the bottom bottom how long are you going to wait get in the game

make the plays and you can't do anything when you're sitting in this in the stadium instead of on

the floor you got to get out on the floor and actually get into deals welcome Welcome to the Rich Strummers Report where we talk real estate, business, and wealth

building all while keeping it real.

No fluff, no BS.

I hope that you enjoy the show.

All right, guys, welcome to another episode of the report. Today, I got a good friend of mine on the podcast. I got someone who is doing a lot of development, a lot of ADU development, and a bunch of unique stuff and real estate plays out here in San Diego. I got my man, Andrew Greer. Andrew, welcome to the show. Hey, thanks for having me on. Glad to be back.

I appreciate you coming on, my man. Dude, so much to cover here, man, and so much news happening.

Specifically in the development space, man, for number one, home ownership percentage here in San Diego.

It's dropping, right? I always say it's cheaper to rent than it is to own. I personally rent myself,

but looking at some of the numbers here before the podcast today, national average homeownership

percentage in America, 65.1% here in San Diego today, 51.7% were almost 15 points below the national average. Why is that? Well, a big part of it

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