Episode 361: Montreal: From Both Sides
Something to Wrestle with Bruce Prichard
Podcast Heat
4.8 • 12.6K Ratings
🗓️ 11 November 2022
⏱️ 112 minutes
🧾️ Download transcript
Summary
On this special episode of Something To Wrestle, Bruce is joined by special guest host, Eric Bischoff! And as they say, there are two sides to every story. These two legendary personalities discuss the Montreal Screwjob 25 years later, with a different perspective you won't hear anywhere else!
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Transcript
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| 0:00.0 | Hey guys, listen up. I know these days when you watch the news it feels like it's one hit after another and it's all bad news for the economy |
| 0:06.7 | Well, let me give you some good news. It's not all that bad when it comes to real estate |
| 0:10.4 | Let me explain you see a year ago man real estate was hot hot hot |
| 0:14.2 | Everybody and their brother was trying to go out and buy another house |
| 0:18.0 | What did that mean? It was so competitive that a lot of folks got discouraged |
| 0:22.2 | So let me ask you have you thought about buying a house in the last couple of years |
| 0:26.2 | But maybe just couldn't win a bit. I used to hear that all the time. Well now is the time to buy yes |
| 0:32.6 | Interest rates have creeped up a little bit |
| 0:34.2 | But what that's created is an opportunity for you a year ago |
| 0:38.4 | It wasn't uncommon for there to be more than a dozen offers on a home many of which were over list |
| 0:44.4 | That is not the case today |
| 0:46.4 | So if you got discouraged once before about trying to buy a new house now's the time to take another look now |
| 0:52.3 | Yes, interest rates have creeped up a little bit, but you're not gonna overpay for the home |
| 0:57.0 | But here's what you will do you'll stop throwing your money away on rent and now you'll get a greater tax deduction |
| 1:02.7 | That's right. You see at the end of the year |
| 1:04.5 | You're gonna get a statement from your mortgage company that shows how much interest you paid and you get to write all of that interest off |
| 1:10.9 | That means you could get a huge tax deduction. You never get that as a winner |
| 1:15.0 | Not only that homes are still going up in value |
| 1:18.0 | Don't believe the hype all of the economists believe long-term realistic always works out |
| 1:23.6 | Let me give you an example maybe way back when and the housing collapse of 2008 you bought in 2007 and maybe overpaid |
| 1:31.3 | But if you hung in there that houses worth a whole heck of a lot more now |
| 1:35.2 | If you've played in the stock market, you know what I'm talking about you only lose money when you throw in the towel |
... |
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