RUSH TRANSCRIPT Stuart I ░░░░░░░░ tell you this I ░░░░░░░░ tell you this Jeff ░░░░░░░░ if I would take ░░░░░░░░ of my six children ░░░░░░░░ their spouses and my ░░░░░░░░ grandchildren put them in ░░░░░░░░ hotel on the beach ░░░░░░░░ a week it would ░░░░░░░░ a whole lot more ░░░░░░░░ 17 000 and that ░░░░░░░░ a fact Gotcha We ░░░░░░░░ moving on While Mr ░░░░░░░░ there tries to understand ░░░░░░░░ just happened to him ░░░░░░░░ understand that the rush ░░░░░░░░ the cities to the ░░░░░░░░ suburbs is picking up ░░░░░░░░ Never really stopped but ░░░░░░░░ s certainly going full ░░░░░░░░ now and Mitch rochelle ░░░░░░░░ with us He s ░░░░░░░░ guy on real estate ░░░░░░░░ s a good one ░░░░░░░░ Now is this now ░░░░░░░░ renewed push out of ░░░░░░░░ cities into the suburbs ░░░░░░░░ this got something to ░░░░░░░░ with schools not reopening ░░░░░░░░ Stuart In fact I ░░░░░░░░ like to do my ░░░░░░░░ surveys of realtors before ░░░░░░░░ segments so I asked ░░░░░░░░ question what s the ░░░░░░░░ one question that they ░░░░░░░░ getting from potential home ░░░░░░░░ They want to know ░░░░░░░░ stories with schools how ░░░░░░░░ they were what happened ░░░░░░░░ year It is the ░░░░░░░░ one reason people are ░░░░░░░░ out of cities In ░░░░░░░░ factually in urban areas ░░░░░░░░ 40 of schools are ░░░░░░░░ some form of either ░░░░░░░░ or you know modified ░░░░░░░░ that equates to a ░░░░░░░░ So it is the ░░░░░░░░ issue for parents trying ░░░░░░░░ figure out what to ░░░░░░░░ in September So they ░░░░░░░░ running to the suburbs ░░░░░░░░ schools are open Stuart ░░░░░░░░ the president gets his ░░░░░░░░ in capital gains taxes ░░░░░░░░ that happens what impact ░░░░░░░░ real estate I think ░░░░░░░░ big issue and we ░░░░░░░░ about the it all ░░░░░░░░ time stu is supply ░░░░░░░░ what s driving prices ░░░░░░░░ Well you need people ░░░░░░░░ put their houses on ░░░░░░░░ market to create supply ░░░░░░░░ if people are not ░░░░░░░░ to put their houses ░░░░░░░░ the market because they ░░░░░░░░ worried that that gain ░░░░░░░░ going to be taxed ░░░░░░░░ s going to continue ░░░░░░░░ supply problem in the ░░░░░░░░ This year s very ░░░░░░░░ People don t the ░░░░░░░░ if the capital gains ░░░░░░░░ is going to go ░░░░░░░░ whether or not it ░░░░░░░░ going to be retroactive ░░░░░░░░ it is influencing people ░░░░░░░░ decisions to list their ░░░░░░░░ If you re a ░░░░░░░░ person a gape over ░░░░░░░░ 000 is subject to ░░░░░░░░ gains tax and 500 ░░░░░░░░ if you re married ░░░░░░░░ median houses is in ░░░░░░░░ mid 3s so half ░░░░░░░░ the homes in America ░░░░░░░░ potentially have gains embedded ░░░░░░░░ them It s going ░░░░░░░░ hurt supply Stuart I ░░░░░░░░ t believe that 18 ░░░░░░░░ after the pandemic arrived ░░░░░░░░ we first saw it ░░░░░░░░ real estate still dealing ░░░░░░░░ schools closed and a ░░░░░░░░ gains tax increase that ░░░░░░░░ supply It just dragged ░░░░░░░░ ridiculously Mitch I m ░░░░░░░░ I m out of ░░░░░░░░ It s been a ░░░░░░░░ big day today Thanks ░░░░░░░░ much for being with ░░░░░░░░ as always Appreciate it ░░░░░░░░ Have a great weekend ░░░░░░░░ Stuart here we go ░░░░░░░░ the White House blauminging ░░░░░░░░ media for calling the ░░░░░░░░ the media for calling ░░░░░░░░ border crisis a surge ░░░░░░░░ this.