Season 11, Episode 122: Guest: Bill Mervin: "The Inflation Situation"

“Let me put it this way, I’m standing in front of a burning house, and I’m offering you fire insurance on it. Saints don’t live on Park Avenue.”“How are you fucking us?”“When you come for pay day, I’m gonna rip your eyes out. I’m gonna make a fortune. The good news, vinny, is you’re not gonna care because you’re gonna be making so much money. That’s what I get out of it. You wanna know what you get out of it? You get the ice cream, with the hot fudge, the banana, and the nuts, and the sprinkles. And yeah, if this goes through, I’d get the cherry, but you get the Sunday Vinny.“Alright, I buy that, thank you.”“In the years that followed, hundreds of bankers and agencies and executives went to jail. The SCC was completely overhauled, Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industry. Just kidding, the banks took the money the American People gave them and used it to pay themselves huge bonuses and to lobby Congress to kill big reform. Then they blame the immigrants and poor people, and this time, even teachers. And when all was said and done, only one single banker went to jail, that poor schmuck.” - The Big ShortBill Mervin is the leader of the Bill Mervin Mortgage Team and he's joining the show today to talk about (surprise)...real estate!  Bill drills down into the how of supply and demand in the housing market, what it means to be in an appropriate position for owning home, and gives a little insight into the potential risks of a side hustle and how the government regulates them.  We always enjoy having Bill on the show to share a little wisdom, so we hope you enjoy this episode of The Culture Matters Podcast.