Ep. 68 – Trading Stocks, Currency and Jokes with Elliot Edelman

Matthew Maschler:

Welcome to the Real Estate Finder podcast. I’m Matthew Maschler, real estate broker with the signature real estate companies in the great state of Florida. And we have a full room here, a full table here at the podcast studio. I’ll let everybody, uh, to my left go around and introduce her themselves. Stacy’s not here. Uh, she’s at it closing. But to my left, I have Preston Smith. I’m an associate broker at Signature Real Estate Finder,

 Jill Glanzer:

Jill Glanzer. I’m a realtor at Signature Real Estate Finder

Matthew Maschler:

And my very, very good friend of 15 or so years, Elliot Edelman. How are you, Elliot?

Elliot Edelman:

I’m doing great, Matt. Thank you for having me. Welcome

Matthew Maschler:

To the show.

Elliot Edelman:

It’s great to be here.

Matthew Maschler:

I don’t think I’ve ever seen you in the middle of the day on a, on a workday.

Elliot Edelman:

Yes. This is very rare. And, and one of the reasons is because I have big news, um, after 28 years of being a a, a professional stock trader at a proprietary trading firm, I have, uh, left that and I’m doing it on my own and, uh, maybe looking to get into a, uh, content creation, uh, career also. So, um, and the positions I have in trading, I can more step away. So you’ll see me a lot more during the day. I’m gonna see what the world is like at, uh, noon,

Matthew Maschler:

Uh, positions. Um, for a tr a trader has positions, uh, an investor owns stock. It’s the same thing, right? You have, you own a share of a company and you own, you own you own stock in a company, right? But an investor like Warren Buffet, he buy shares of a, of a, of a company, and, and he owns it for, for the long term. A trader, uh, buys shares of a company. And what, what would you say, uh, when you were trading the average amount of time you held a position for?

Elliot Edelman:

Okay, great question. And obviously there’s different type of traders and what you mentioned about investor, unless something major, major happens, he’s not getting out. He doesn’t have to worry about leaving during the day. A trader is, is watching it. I’m doing, uh, more things with options. So I have a, a maximum loss so that literally the company can declare bankruptcy, and I know, okay, I’m losing $3. Um, but anyway, the main strategy I used to do would be anywhere from, let’s say, a day or inside a day to about two weeks.

Matthew Maschler:

All right. So, so as a trader, your investment horizon is a day, uh, at minimum, or, or two weeks at maximum.

Elliot Edelman:

Yeah. Sometimes it hits its price target, uh, during the day. It’s

Matthew Maschler:

The same day. Yeah. Right. That’s how the word day trading, right. Uh, came about day trading was buying and selling the same stock in the same day. My father was a trader, um, not before. He was a day trader. He was, he was a trader. And, uh, I remember as a kid, um, nobody knowing what that was or if I said he was a stock trader, people would say, would correct me that he’s a stockbroker. I’m like, no, broker’s an order taker. Trader’s actually making the trade. And then he became a day Trader Elliot was one of the first I’ve known. I know a lot of day traders Elliot was the first day trader I’ve ever, uh, known that, uh, didn’t work for me.

Elliot Edelman:

<laugh>, uh, I don’t like to consider myself a day trader, per se, but short

Matthew Maschler:

Term trader, because you went, your, your, your horizon was between a day and two weeks. Right. Our day traders couldn’t go out overnight without a position. Right,

Elliot Edelman:

Right. Uh, overnight risk. It’s cool.

Matthew Maschler:

So I’m gonna tell you something about the Real Estate Finder podcast. You know, I’ve been talking to Elliot, Elliot and I have been good friends for 15 years. And, and I always say, Hey, yeah, come on the, come on the show one day. So over the last couple days, he’s been saying, whoa, what, what we gotta talk about? Or do we have to make an outline? I’m like, no, no. We’ll, we’ll get on. You know, I don’t want to talk about what we’re gonna talk about, because if we do, I always think let’s record that cuz that would’ve been the show. So, you know, getting in here, I had no intention of asking you how long you would normally keep a position for. Okay. But it came up naturally in the conversation. You said you were a trader and had a position, I defined position versus, you know, of a trader’s position versus an investor’s, uh, position holding, holding. And, um, and then came up with the question of how, how long’s your average, uh, time. Great.

Elliot Edelman:

So great, great question.

Matthew Maschler:

That’s just an example of, of that. And then Elliot asked, uh, also he asked, uh, no personal questions. So, um, I was gonna, I was planning on asking, so that, and that’s a question I was planning on asking you, <laugh>, how did we meet

Elliot Edelman:

<laugh>? Okay, that’s, you could, you could say it or I could say it. Which, which is it?

Matthew Maschler:

So about, uh, you know, I moved to, uh, Florida, uh, at the end of oh five and, um, with, uh, my wife obviously, and, and the kids, David and Lindsay and their twins. And, uh, one of our neighbors, um, was in a, uh, mother’s of Twins club invited Wendy, uh, to the club. And my wife and Elliott’s wife, uh, met at the club and, and they became friends

Elliot Edelman:

Because I also have twins

Matthew Maschler:

Cuz Elliott also has twins. Um, we won’t say their names. You asked me not to say their names, which means we can’t plug their websites and talk about how great they are. <laugh>.

Elliot Edelman:

We will in a few minutes. We’ll,

Matthew Maschler:

We will, hopefully, we’ll get to that, this way. Have to listen. Yeah. So, so Wendy made friends with all these mothers of twins. And I went to, we went to a birthday party of someone’s twins. I don’t remember who they were over at Twister’s Gymnastics on Roger’s Circle. I’m standing around there, I’m standing around Elliot’s standing around. All the other guys are standing around. We don’t know each other. All our wives are friends. We don’t know each other. The kids are jumping around and having a good old time. We’re all just standing there, you know, looking at our phones. It was probably before phones. So <laugh> looking at our watches, trying to figure out when we can go home. Right. And, uh, so I said, you know what? Let’s, uh, let’s, let’s do dad’s night. And I just, I told, I told my wife like the name of, you know, the restaurant at the time.

I said, tell her, I tell all of them to invite their husbands. We’ll meet at this place at this time and we’ll, we’ll meet and we’ll, we’ll start a little dad’s club. And, uh, we’re still meeting, we still have our, our dad’s meetings. The core group. There’s four or five of us in the core group, the women’s club, the moms of twins, the official club that have minutes and the corporation Wow. Official meetings. They, uh, they, they disbanded. Uh, you know, you know, my wife and Riley’s wife and some of the other moms are still friends. But the official club had, has, has, has long gone. And then a core group of us, uh, um,

Elliot Edelman:

Yeah, it’s amazing after all of these years. And the kids go to different schools, and yet we’re, uh, some of us very good friends to this day taking vacations together and, uh, you know, um, very close.

Matthew Maschler:

Yeah, we, so we, we, we went met at this restaurant and one of the guys, uh, Howard Feldman owns a PC professor, and it was down the street from us, and we got this talking about websites. And, uh, he invited all of us to come to PC professor after the restaurant opened it up. When it opened it up. I mean, this is 2006, right? Probably seven, six or seven, yeah. And, uh, open up PSU professor, we fire up the computers and he is showing us, uh, you know, some of his websites and how people invest in websites. And we started, like, I, I think that night I registered my very first website. So yeah,

Elliot Edelman:

It’s too bad. Another one of our friends was sending us emails about something called Bitcoin. Even though I’m not a big fan of it, it was like $10 or it was up to $200. I’m not buying something at $200. I was 20.

Matthew Maschler:

It got to $325 and we’re like, this makes no sense. What is it, <laugh>? Yeah.

Elliot Edelman:

Yes. So even in this pull back to 22,000, uh, we would’ve been well off if we we had had

Matthew Maschler:

That number. No, I wouldn’t have, no, I wouldn’t have known where to find it. I wouldn’t have my code or my password. You’d be one number off. Yeah, I wouldn’t, I wouldn’t, I’d be like, it’s on a laptop, laptop, fire up.

Elliot Edelman:

Where’s a flash drive? Yeah. I mean, I

Matthew Maschler:

Can’t, I can’t find a photo. I can’t find anything. I, I own NFTs. I have no idea where they are. Yeah. I have no idea where they’re, I have no idea how to find them. Um, you know, NFTs and pictures of the kids when they were little, got no idea where they are. Yeah.

Elliot Edelman:

So that’s one, one thing that I tell people, I, I haven’t been a big fan of crypto. Um, maybe I didn’t fully take the time to educate myself, but, uh, the, the thing that you can get hacked, the company can get hacked. The wallet could be stolen. It’s like a little too much for me.

Matthew Maschler:

If I could have put it on like a flash drive, like they call it a cold wallet in, in, in, in, in crypto, and it’s crypto cryptocurrency. If I could have put it in a, on a, on a hard drive and then put the hard drive in a safe deposit box, I would’ve been, I would’ve bought for 3 25. But without being to do that, I didn’t know. I didn’t know how to buy it where it was. Although I did consult for Miami Subs, I shouldn’t say the name of the company. I, I, I did consult for a restaurant, um, and I gave them a whole presentation of how to accept it at the register. Um, and then wow, accept it, accept Bitcoin at the register. Um, close out the position every night, you know, convert it to cash. But, but it, but I wanted, you know, my, my proposal was that they could be the first restaurant, nationwide restaurant to accept Bitcoin. Um,

Elliot Edelman:

There’s probably so much commission to do that on a $10 transaction,

Matthew Maschler:

But the press release, right, of being the first restaurant to accept crypto, the coolness factor of it would’ve, would’ve overrode the, the friction. Right? You, you know, you put a coupon out, you put a magazine out, you put an ad in a magazine. And this is the stuff that Elliot and I and our friends talk about. We talk about finance, so we can come on the podcast and talk about it. We, you know, we talk about it, right? The advertising and marketing, right? If I put an ad in a magazine, I might get no results. Right? But if I put a coupon out and someone brings a coupon in, I sell the product for half off. At least I got a result. At least I got a customer out of it. Right? Right. So, so, but, um, yeah, but Bitcoin at 3 25, man, when I went to 3000, I was like, whoa, how did that happen at 3000? I’m like, you know, I told one of my friends, I’m like, you know, look, you got three kids. You should buy me each a Bitcoin, the $3,000 you should buy music. Bitcoin goes to $10,000. I’m like, let’s take that sa you didn’t, I know you didn’t buy it. So take that same money you would’ve bought three, should at least buy one, right? 10,000.

Elliot Edelman:

But the weird thing is, there’s like 2000 different cryptocurrency coins mm-hmm. <affirmative> things you never heard of. And yet people are rushing to them, um, backed by who knows what. It’s just mm-hmm. <affirmative> hoof in the air.

Matthew Maschler:

But, but some of our friends are making good money, or last week checked before the crash, we’re making good money on the, on the cryptocurrencies and on the NFTs,

 Jill Glanzer:

Somebody became a millionaire from that.

Matthew Maschler:

Someone, you know, I’m

 Jill Glanzer:

Not gonna not Yeah. Really not gonna say a name, but it was year, it was a long time ago. It was like five, six years

Matthew Maschler:

Ago. I remember when, uh, you know, I, so Elliot, in your opinion, if someone’s a millionaire, I does the, no, the definition of millionaires a person who has a million dollars right.

Elliot Edelman:

In assets, I guess, I don’t know, net worth.

Matthew Maschler:

Yeah. If their million dollars is not in denominated in US currency, are they a millionaire?

Elliot Edelman:

I guess, you know, it’s an open-ended description, but I guess worth 1 million US dollars if it can convert to, I

Matthew Maschler:

Guess, I guess if you’re French and you have a million euro, you’re a millionaire. But if you have a million,

Elliot Edelman:

If you have a million pesos, if you have a

Matthew Maschler:

Million thousand, if you have a million dollars worth of gold, are you a millionaire? I guess so.

Elliot Edelman:

So if you can convert it to, yeah.

Matthew Maschler:

If you can convert it. But if you have a million US dollars worth of cryptocurrency that you can’t convert,

Elliot Edelman:

But even if you have a house that’s, that’s like paid off, that’s worth more than a million if you have, and that’s the only thing they have. Are they a millionaire?

 Jill Glanzer:

If they have equity in the house, and you could liquidate it if you have, you could sell the house,

Matthew Maschler:

Right? Yeah. I, I wouldn’t, if I was gonna, if I was gonna define millionaire, I wouldn’t, um, include the primary residence, the equity and the primary residence.

 Jill Glanzer:

Right. Because you have to live

Matthew Maschler:

Somewhere because you do have to live somewhere. But again, I guess if you do have a good amount of equity, well, if you, and if you have, you know, a couple million dollars in equity in the house, you might have assets other places. But anyway, the crypto millionaire that, you know, I i in real estate, right? We have all these condo projects in Miami that accepted Bitcoin or accepted crypto, you know, and these crypto wells that put down deposits, put down 10 or 15 deposits in the same building. I met a crypto well and put down a, you know, a deposit for 15 condo units. And he goes, yeah, you know, maybe I’m money in crypto, but this’ll be my first real estate investment. And I’m like, that’s, it seems like the opposite of what, what should happen. <laugh>. So did they have to, um, like did the, the company they made the deposit with, did they liquidate the, the crypto like once they got the deposits?

Or was it in escrow? The answer is, it depends. Okay. Um, you would have to find an escrow agent willing to hold it in the cryptocurrency. I think it really, it all depends on the contract. You would have to create a custom contract Gotcha. And then define it in the contract, right? Yeah. Because you could certainly price in crypto mm-hmm. <affirmative>, but that means that the parties are on, on the hook for, for big sways. Right. If you, if you agree to sell for X amount of Bitcoin mm-hmm. <affirmative>, and you’re the seller, and then Bitcoin goes down, you know, are you gonna breach your contract or Yeah. You know, certainly the buyer’s gonna gonna be happy to, uh, to close, but the seller may not be, the seller’s gonna hedge, a smart seller would hedge their their bet. Right. Uh, somewhere else. But, um, and all, all along, I always thought if, if you were gonna price your product and crypto, you’d have to, you’d, you’d have to liquidate. I didn’t really wanna come here to talk about crypto, because Yeah. That’s

Elliot Edelman:

Not my expertise.

Matthew Maschler:

No, no. And it, it, but this conversation goes to my first crypto question, and, and this is the part that confuses most people, um, you know, it’s called cryptocurrency. So people think currency, meaning you can spend it, you can use it to buy or sell goods, and that’s what throws people off. Right. Dollar you can use to buy or sell goods. Gold you don’t use as a currency. Gold you use as a store of value. So for the, a lot of crypto people, um, they weren’t using it as a currency. They were using it as a store of value. Um, the stories about people spending the Bitcoin to buy a pizza, um, where people focus on the word currency and not on the idea of a store of value.

Elliot Edelman:

Right. You know, and dollar bill, what does it say? Backed by the full faith of the US government mm-hmm. <affirmative>. So all of these rebel people. I don’t trust governments, but I trust the cryptocurrency more. So maybe they’re right. Uh,

Matthew Maschler:

And they say, and they say it’s not untrackable, but the whole point I thought of the blockchain was you could absolutely track it from one person to another.

Elliot Edelman:

What is your friend, uh, um, Charlie Munger say, uh, cryptocurrencies are good if you’re a kidnapper or a drug dealer.

Matthew Maschler:

Drug dealer,

Elliot Edelman:

Underground art dealer. <laugh>,

Matthew Maschler:

You know what? I did realize I was an Italy over the summer and I went to Tippe Tour guide, but they didn’t have, um, Venmo, Zelle Cash app, PayPal, any of these things. So I had to tip ’em in cash. And I’m like, you know, I guess if we did have crypto with, with apps where people could send it back and forth with their phone, you, you, theoretically for international transactions. So it say in God, we trusting the money. Yeah. In God, we, is that what you talking about in God we trust?

Elliot Edelman:

Well, also somewhere backed by the full faith of the government is, I don’t, I

Matthew Maschler:

Don’t think it

Elliot Edelman:

Says that the signature of the head of the uh hmm. The treasury,

Matthew Maschler:

I’m looking, you know, happened. I fact check Elliot a lot. <laugh>. So he says on the money it’s printed, I file dollar bill.

 Jill Glanzer:

Sure. He

Elliot Edelman:

Loves that. Yeah. Matt is one of the few people, like if you start talking about a subject, he’ll quickly Google it and Oh yeah. And research it. Yeah. Not like, I, you know what, I’ll look at that later. He gets it and gets the full answer.

Matthew Maschler:

It annoys Wendy, one of the

Elliot Edelman:

Full few people,

 Jill Glanzer:

He goes down rabbit holes,

Matthew Maschler:

But she thinks,

Elliot Edelman:

But she wants the facts.

Matthew Maschler:

She thinks I’m, I’m like, I th that I think that the person’s wrong, wrong. I’m actually interested in what the person’s saying and I wanna learn more.

Elliot Edelman:

Matt was, uh, the human chat G b t before there was chat g

Matthew Maschler:

<laugh>. Yeah. It’s not backed by the full faith of credit. It is in God we trust, backed by the full faith in credit is when they got off the gold standard. Mm-hmm. <affirmative>. Oh, okay. Right.

 Jill Glanzer:

I feel like that’s written somewhere though, cuz I’ve heard of it. Yeah. I just don’t know where

Elliot Edelman:

This note is. Legal tender for all debts. Public, public, private. Public. Right. Public.

Matthew Maschler:

But it doesn’t say who it’s backed by reserve

Elliot Edelman:

Note.

Matthew Maschler:

But, but, but in the, but before on the gold standard that the, the actual bills represented a, an amount of gold right on hand at Fort Knox. Yeah. So you would need more gold. You couldn’t print more money. You’d need more gold to Yeah.

Elliot Edelman:

This one is signed by Steve Minutian. Remember him? The Secretary of Treasury under Trump. Uhhuh.

Matthew Maschler:

<affirmative>.

Elliot Edelman:

Okay.

Matthew Maschler:

We won’t, he signed each one of us,

Elliot Edelman:

Uh, for those years that, uh, <laugh> and then before that was, uh, Janet Yellen or whatever, first woman to,

Matthew Maschler:

Uh, I think it’s a copy

 Jill Glanzer:

That would take a lot of time to sign every bill.

Elliot Edelman:

Right. Let me ask you guys a question. Yeah. I, I admire so much what you do. Um, uh, even though you’re in sales when you transact real estate, like if I wanna sell a stock, I can get on my phone right now, say, excuse me, and I’ll log into my account. I could sell all my stocks within 10 seconds, I’m out. Mm-hmm. <affirmative>. And, and it’s very small slippage. When you have a okay, these people are gonna buy the house, then you first have to go through hell. I see how many deals fall through and Yeah.

 Jill Glanzer:

Because it’s a contract. Yeah. Right. And there’s, there’s inspection periods and there’s ways that they could get out. The buyer can get out of the contract.

Elliot Edelman:

Right. It’s, it’s, it’s crazy. I know when Matt, uh, sold my previous house, the cra uh, couple of crazy stories, it’s probably actually not crazy to you. You see this all the time. We had one woman love the house, wasn’t even negotiate on the price, ready to buy it. Unfortunately, in the homeowner’s association, they allow dogs only up to 30 pounds. Mm-hmm. <affirmative>, she had a dog that was 50 pounds. So depending on how bad I wanted to close that deal, I could have found my friend from New Jersey to take care of that dog. <laugh>, <laugh>, or I was saying, can we get that dog to start eating a little more salad or something. But, um, you know, all of these things. And one guy who came with a, um, letter of, um, uh, mortgage approval by the bank, he was the only one that came with that. And ironic, he, we went all the way to contract and then at the end he couldn’t get a mortgage. He,

 Jill Glanzer:

He didn’t get his loan approval or his loan commitment.

Elliot Edelman:

Right. And the irony is he was the only person that came with such a guarantee, and yet he didn’t. Right. Because, uh, to just finish that story, um, he had his own business. So he showed X income, but then on his, uh, income tax, he wants to show less income. So he had more expenses. Yeah. Had a lower income, which then qualified him for less.

Matthew Maschler:

Jill, what year did you start with me?

 Jill Glanzer:

I started with you in February of 2011.

Matthew Maschler:

February, 2011. So I’d, um, no, one of the things my dad told me when I was little was to have a partner who’s different than you. Right. Because if you have a partner that’s the same as you, right. And it’s what’s, what’s the point, right? So Jill and I, you know, we buttheads a lot. Now she’s not wrong, right? She’s right. She just does things different than me. So when we work, when we represent the seller, and then there’s a buyer, the Jill always wants to see the, the pre-qualification. Just like you, you’re right, you had a buyer that had the pre-qualification, right? Because that shows the buyer’s qualified, but it’s kind of meaningless. Right? He didn’t, at the end of the day, he didn’t have any money. So Jill always makes sure ducks in a row dot, I dotted ts cross, like we’re taught. But I sit and go, man, I don’t trust people that have pre-qualifications <laugh>,

Elliot Edelman:

Because

 Jill Glanzer:

They can make a fake one. Do

Matthew Maschler:

You remember that? Do you remember me saying that? Yes. Yeah. Because I think, you know, if, if you’re a home buyer, you come in, you buy the house, and then if you’re interested, I say, okay, well you’re gonna have to get a pre-qualification. And then if they’re interested, they will, they’ll call their mortgage broker. They say, they’ll say, I found a house. But if they start from the very beginning with a pre-qualification, I’m like, oh, something’s up. They’re trying to convince me

 Jill Glanzer:

<laugh> that they’re viable <laugh>.

Matthew Maschler:

So it’s, it’s something so fundamental. Yeah. Like, but I don’t trust people that have pre-qualifications. When everyone in the industry, the industry standard is yet the pre-qualification. Right. If you, if they don’t have it, then they’re not trustworthy. Yeah.

Elliot Edelman:

<laugh>. And the funny thing about that is 2008 happened to be my best year in trading. Which, which you might, if you look back on the records, the market crashed.

Matthew Maschler:

Yeah. Don’t rub it in <laugh>.

Elliot Edelman:

Yeah. Well, you know, so, um, the strategy I had worked great with that volatility anyway. That’s when I was looking for my current house. And I remember going to the bank and for a pre-qualification letter mm-hmm. <affirmative> figuring I need that. And based on that year’s income, they wrote a note and I didn’t even ask for, it was like looking back like an astronomical number of mortgage they would’ve qualified me for, which is really irresponsible cause I wasn’t making that much money every year. Mm-hmm. <affirmative>. And they don’t know how good a trader or what the next year. But that

Matthew Maschler:

Before the banks realized that, that this stuff actually matters. Right. How much money that they lend someone makes a difference. Banks didn’t realize

Elliot Edelman:

This, they didn’t realize this

Matthew Maschler:

2008 until

Elliot Edelman:

2008. How

Matthew Maschler:

Long from 2003 to 2008 the banks were lend money. Like wow. Yeah. If you breathing we’ll give you

Elliot Edelman:

Money. So meaning I could have bought those two consecutive houses on the ocean, but, but then, uh, you wouldn’t have been able to pay

Matthew Maschler:

For

Elliot Edelman:

Expenses maybe for a year or two. <laugh>.

Matthew Maschler:

That’s meaning you could have bought the same house that you bought for $300,000 more.

Elliot Edelman:

No, it was like millions. They, they,

Matthew Maschler:

They came, well listen, yeah, you could have bought the same house, the exact same house, but you could have increased the offer by $300,000. And then you could have said seller to credit buyer $300,000 and then instead of putting 20% down, you would’ve could’ve walked out of the closing with a $300,000 check and you’d still owe the bank all the money you borrowed. But you’d have $300,000 x extra in your bank account to trade with. That’s great. Giving you buying power. Yes. They were doing that. Yeah. That banks were doing that.

Elliot Edelman:

Yep. Yeah. Creative financing.

Matthew Maschler:

120% loan

Elliot Edelman:

Value. Another thing I found silly in this industry, I remember, um, they were doing an appraisal on my house before that mm-hmm. <affirmative>. And it worked out to the same dollar as what I was purchasing for. Says, wow, what a coincidence. So to some extent the guy worked backwards. So it, it’s like, why did he even come here measure and look at pipes and, and things?

Matthew Maschler:

Because it would’ve been illegal for him not to, he had to measure to, to prove that the number was real. If he just, otherwise he, it would’ve been fraudulent.

Elliot Edelman:

You’re saying he’s going through the motions?

Matthew Maschler:

No, he’s checking the boxes.

Elliot Edelman:

Okay.

Matthew Maschler:

I’m a I’m semantical

Elliot Edelman:

<laugh>. Yeah. You have, you know, you, you, you the expert.

Matthew Maschler:

He’s not just going through the motions. He’s, he’s checking all the boxes.

Elliot Edelman:

Okay.

Matthew Maschler:

And, and the number is justified. And he’s coming up with a determination that the number that you said is justified. Truth be told, he doesn’t wanna come in with a number higher. So sometimes the appraisers limit themselves. Right. You, you go to contract for seven 30, the appraiser comes in, they think it might be 800, but the appraiser doesn’t wanna come in high, so he lowers his appraisal to match the contract price. Right. And that’s, and that’s most probably what happened. Um, but going back to when you sold your house in, um, uh, what, uh, what the house you live in now. Yeah. Um,

Elliot Edelman:

I didn’t sell a first house until like a year after, cuz it was a market ended up falling.

Matthew Maschler:

Uh, Jill, I don’t think we, you were with me when we sold other house. No, not yet. Beautiful house Right by the mall. We won’t say exactly where it is. They told me. No, no specific details.

Elliot Edelman:

<laugh>. Well, it’s his old house. We won’t say which mall. We won’t say which mall. <laugh>. It was in Boca though. It was in Boca. Oh, I know where that

Matthew Maschler:

Is. I I still smile. Yeah. I still smile when I passed that neighborhood. Yeah. It’s, it’s funny when, you know, cuz you know, it was 2010 and, you know, it’s 12 years later and now I’m like, you know, I’ve sold a lot more houses since then. So like, you know, I’m like, people name a neighborhood or a street in Boca and I’m always like, oh, I sold the house there. So, so, uh, so that was, that was a good one. That’s the only one I sold in that neighborhood. But at least when don’t we talk about that neighborhood, I’m like, oh, I sold

Elliot Edelman:

The house there. Yeah. It was interesting. I bought that house. I was single mm-hmm. <affirmative>. All right. And, um, I was saying, wow, if I stayed in Manhattan for much more money, I’d be in like a one or two bedroom apartment here is in a full house, two car garage pool. And, and, and all of this is a single guy and it was a mile away from, from where I worked. So I, I loved the lifestyle down here. Yeah,

 Jill Glanzer:

Absolutely. It was paradise

Elliot Edelman:

Got a beat not paying New York City or New York State taxes.

Matthew Maschler:

True. I had a, I had a friend, uh, at a college he lived in, uh, t St. Pete. So he had a house on a canal with a boat and a bar and a two car garage. And I was living in an apartment in New Jersey. And I think to myself, I’m like, how does Ben have a boat? No house. I got an apartment. Like, I’m like, like that was part, it was, it wasn’t why I moved to Florida, but that was building, building blocks of, of why Ilu moved to Florida. The only difference is between when Ben lived there, when you bought your houses, the prices now are so much higher. Tampa and St. Pete used to be so cheap. Right. So inexpensive. And, um, you know, the, I mean, what whatever that house in near the mall is, is worth today would make, probably make you, you know, head spin compared to, you know, what, what you bought it for. Right. Right. But, um, but yeah, there’s something important lesson I have, I have some important lessons that I teach my agents or when I do, when I do my showings, an important lesson I learned when I, when we sold your house,

Elliot Edelman:

And that was

Matthew Maschler:

The never allow the owners to be present at showings <laugh>. Um, the buyers need to make, need to feel like it’s their house. So you, you, you need to make it neutral. You need to make it their house. You could say what the owners liked about this house is, but you don’t want the buyers to have the impression that they’re living in someone else’s house. Uh, decisions that were made, things that used to be the, it clutters the buyer’s mind. Um, you know, we always wanted to do this and this room and this and that. Here you could do this different ideas and stuff, and you, you think you’re selling, you’re in a sales presentation, but it’s, it’s, it’s not the right place to bring the buyer. Uh, the buyers need to be clean, neutral. And, um, it’s also where I out the word shrug,

 Jill Glanzer:

Is it?

Matthew Maschler:

Yeah. Mm-hmm. <affirmative>. Okay. Do you think you can explain my shrug theory that just your shrug theory that just popped in my head by the way.

 Jill Glanzer:

So a shrug is, let’s say you’re a buyer and you’re walking through a house and like there’s a chip of paint missing. And you know, there’s a, there’s something just small things that are a,

Matthew Maschler:

Anything you don’t

 Jill Glanzer:

Like, that you don’t like that can add up, that they’re all just shrugs and then it adds up to you not wanting to buy the

Matthew Maschler:

House. Yes. Yeah. When a buyer goes through the

 Jill Glanzer:

House, so you wanna make sure there’s as little amount of shrugs,

Matthew Maschler:

Right. Whether it’s a chip of paint or whether it’s, um, a half bath where they thought there should be a full bath. Right. And I’m not saying that was the bathroom was was the issue there, right. In your house. But I’m just saying anything when a buyer goes through the house, anything that they see that’s negative and it makes them shrug mm-hmm. <affirmative>. And if they have one shrug, it’s fine. It’s fine. Buyers can get over one shrug, two shrugs still fine. But if you were showing a house and the buyer comes across a third truck, a third thing they don’t like showed a house the other, I showed a house yesterday. Uh, the buyer didn’t like how close the pool was to the house. Right, right. Yeah. Okay. Can’t do anything about it. And plenty of people wouldn’t have that issue. It’s a shrug. There’s something the buyer doesn’t like. If there’s one thing like that, they can get past it, but by the time you get to the third, uh, thing, then, uh, so, but anyway, that, that, that’s where the, that word came from.

Elliot Edelman:

Okay. But can’t you have shrugs in a brand new house before construction? Always.

Matthew Maschler:

Oh yeah. Oh yeah. Always. There’s things I don’t like about my house. Right. When I, when I saw my house, you know, and I love my house. I bought it in summer of oh six. There’s, you know, there was things I didn’t like about it. Um, but, uh, you know, we, we closed and my wife wanted to make a change or two. I told her just, you know, just make a list and you know, in like a year, well, we’ll go, we’ll go through the list.

Elliot Edelman:

So isn’t that why the basics? The neighborhood? Yeah. The, the size, the bones of the house. You can always change the bathroom or the kitchen mm-hmm. <affirmative>. But you can’t change the layout next to the railroad tracks or whatever.

Matthew Maschler:

Yeah, true, true. But I didn’t like that I was towards the entrance of my, my street. I would’ve rather been at the end of the street in the cul-de-sac. Right, right. Can’t change that.

Elliot Edelman:

That’s I guess another advantage. Like if, if when you hit the down point in the market, you have so many more houses available. When you’re in a hot market, like I heard my community, sometimes there’s only three houses available. Yeah. But when there was a, when it times were bad, there was 20 houses available

Matthew Maschler:

A year ago, I would’ve said there’s three houses available. Right. Yeah. I mean, there are people that bought houses that did not have selection. I talk a bit, you know, there’s, in, in my neighborhood there’s a different sub developments and I, and I talk to people about one sub development over another. Um, but you know, anyone who bought in the last two years didn’t really have the ability to choose a sub development. They were just looking for a house in my neighborhood. They weren’t, they didn’t have the option to choose a particular sub development. So I talk like, oh yeah, when I bought my house, you were able to choose which, which sub development you wanted to live in. Yeah. So yeah, there’s options. Little bit more in between. Now I’m really, really hoping it snows. No offense, people up in New York, New Jersey, Massachusetts. But I’m really, really hoping you guys get to blizzard.

Not nothing fatal or anything. I just, you know, the roads need to be closed. Schools need to be closed because you guys, I mean, it’s, it’s the end of January here and you guys haven’t had any snow yet. That snow brings me, makes me money down here. Part <laugh> made its money, man, you guys have a mile winter that’s gonna be, it’s gonna be tough for me. And I, I mean look, I don’t want people in New Jersey going, I hope Florida it’s a hurricane. I’m not trying to say that, but just lost snow <laugh> and ice and slee.

Elliot Edelman:

Yeah. That’s always great.

Matthew Maschler:

I have you used your snowblower since you’ve

Elliot Edelman:

I’ve had to change it into a leaf blower

Matthew Maschler:

Leafblower. Mm.

Elliot Edelman:

I retrofitted

Matthew Maschler:

It. Still haven’t used my snowblower in Florida.

Elliot Edelman:

Oh. Other big news related to Yep. Just yesterday I got a call that my insurance carrier is stopping as of May 31st, which is interesting. A day before June 1st, which is

Matthew Maschler:

Hurricane season.

Elliot Edelman:

Season. Ah, yeah. And that wasn’t, that wasn’t staged. They all knew the answer. Um, so now I have to find another company and, uh, well that’s, that’s always fun here in Florida.

 Jill Glanzer:

We can help you with that too. Yeah. Yeah. Okay. I learned a lot about insurance because recently my house, my insurance went up a lot significantly mm-hmm. <affirmative>. So I had to get a requote. And when I got the requote it was a lot less. And I was super excited and I showed it to my other insurance rep who, who got me the original insurance. And they said to me, Jill, you don’t wanna go with this insurance. I said, why? This is limited water. It covers limited water. So what they’re talking about with water is the pipes in your house. So I want you to watch

Elliot Edelman:

Out for this. Yeah, that’s what, that’s what I heard they’re all doing is they’re all

 Jill Glanzer:

Doing limited. Well, if you had an old policy, so my, my insurance company didn’t go outta business, but it’s, it, it’s universal. It, it, they just went up in price so much that I had to requote it. So I got it re-quoted and the other quote was limited water. So she said, you gotta go back and we gotta requote with some improvements that you made on your house. Right. With the original ones, you could keep your full water coverage. There’s no reason for you to do limited water. So what, you know, that’s something for people to watch out for. Right. Because most people getting new insurance are getting limited water in Florida. Mm-hmm. <affirmative>. And if you ha have been grandfathered in with unlimited water, try to keep that policy if you can. Obviously that’s gonna be hard for you cuz the company’s going outta business.

Elliot Edelman:

Yeah. So, uh, and, and you gotta get a new four point, uh, and wind mitigation. And wind mitigation. And

 Jill Glanzer:

We also have an inspector for that too, if you need help with that.

Elliot Edelman:

Okay. You know, and so they check all the pipes, they look under all the sinks and, and, uh, dishwasher and all that because if a pipe breaks and you get a, a leak and it breaks floors and mold and it’s a big expense for them. So I, I don’t blame them in some ways, you know, even medical insurances. Oh this one is 8,000. Oh this one is 7,000. Oh, ooh, this one’s 6,500. Let’s take this one. They don’t all cover the same. Mm-hmm.

 Jill Glanzer:

<affirmative>, you really have to be, you have to make a spreadsheet and you almost have to have a PhD in insurance.

Elliot Edelman:

Right. And, and

 Jill Glanzer:

Because insurance is hard to understand.

Elliot Edelman:

Yeah. And you have to think ahead what disease I might have in, in seven years and see if they cover this

Matthew Maschler:

<laugh>. So speaking of PhD mm-hmm. <affirmative>. Yes. Me not to talk about your kids. I’ll talk about my kids. Go ahead. My kids are, uh, seniors in high school.

Elliot Edelman:

Yay.

Matthew Maschler:

Do you think they know anything about the stock market or finance?

Elliot Edelman:

Well, if they’re your children, I’m sure they know at least somewhat.

Matthew Maschler:

But what did the school teach them?

Elliot Edelman:

Well, you know, starting, I think next year the public schools are required, um, personal finance. So required a graduation. My kids are one year before that. Really?

 Jill Glanzer:

Yep. My son actually has a class and I was super impressed with the teacher on personal finance and stocks and everything. I’ve never seen this before. And I met him and the guy knows a lot and my son’s coming home to me saying all these things that I don’t even know, like talking about it. So I think it’s definitely needed.

Elliot Edelman:

Yeah, yeah. You know, I always to hear, um, people say calculus is so stupid. And you know, I actually, even though I was partly a math major, I, I didn’t love calculus either. And uh, you know, but I would take a little of offense because I’m was like a math major. Yeah. But now when I think about it, okay. Even if calculus has its place, there’s so many more things that are way more important. Personal finance, for example, um, you know, I think the average person, and not everybody goes onto college. And even if you go to college, you think they know the difference between, uh, uh, renting and, and buying and mortgage and car lease and car loan. Mm-hmm. <affirmative> or credit card interest and Oh, car lease, credit rating, all of these things. Car lease

Matthew Maschler:

Says they’re good cuz the payments are small, right?

Elliot Edelman:

Yes. And at the end of the three years you have nothing. You just get a new car, just do it again. And then again and again.

Matthew Maschler:

My, uh, my, my mother-in-law, right. She, she leases her car, but then she always has to turn in the car early cuz the car dealer needs it.

 Jill Glanzer:

<laugh>. She believes him.

Matthew Maschler:

Yeah. So the car dealer needs it, but then they give her a new car and then she doesn’t have to change her. She said

 Jill Glanzer:

He needed it. I gotta bring it

Matthew Maschler:

Back. They give her a new car and, and then the payments are the same.

Elliot Edelman:

Oh, you don’t have to lease for three years. We can do it for two years.

Matthew Maschler:

She gets a new car. Payments are the same, but it’s a smaller model. <laugh>. Right. So

 Jill Glanzer:

It’s newer though. But it’s new. She’s excited

Matthew Maschler:

And it’s new and she’s, and she’s, and she, so she gets a new car every two and a half years. But it’s smaller model. A smaller model. A small, it’s a Hyundai’s gonna have to make like a really, really tiny car. When, when, when, when her lease is up. Yeah. She’s two years into the lease of her current car and she’s, she’s already bringing

 Jill Glanzer:

It. It’s so sweet though. Like that generation, they just, you know what it is, it’s, it comes from a good place. They believe what people are telling them. Yeah. And it’s so sad that they can’t

Matthew Maschler:

Yeah.

Elliot Edelman:

That that’s, that’s it’s unfortunate you’re putting a tear in my eye that insane. Right. It’s true. Right? Yeah.

Matthew Maschler:

And, and Right. And, and in and in this market. Right. Why did the dealer need the car? They took the car, they found out what the payoff was. They sold it to somebody else for a higher amount and they took that amount of money. They used some of it to make the down payment on her new lease. They put the rest of it in her, their pocket. And she’s driving around a new car and none the wiser mm-hmm.

Elliot Edelman:

<affirmative>. Yeah. It’s, I I even remember even reading years ago, like coupons were hardly used by poorer people. It’s people who have plenty of money are into the store and using coupons and, and the poorer people are are, are going to the local little bodega or whatever and uh, um, have to pay a full price or more. It, it’s people who can go to Costco and get things in quantity and all of this stuff that end up saving money.

Matthew Maschler:

I believe that the more money you have, the less you pay for milk.

Elliot Edelman:

Yeah.

Matthew Maschler:

Right. If you got a lot of money, you can go to Costco, buy like two gallons, bring it home and put it in your big refrigerator.

Elliot Edelman:

Yeah. Oh, the latest, uh, you know, me and some of my fellow financial content creators on LinkedIn, we, we always joke about whatever the, the latest item that’s gone up explosive in price. Mm-hmm. <affirmative> used to be lumber or obviously gas when it’s like, now it’s eggs. So there’s all kinds of jokes with eggs. Uh, so I was imagining you guys, you’re showing a beautiful house and look at this kitchen and this huge island in the wolf appliances. And then you open the subzero refrigerator and it’s full of eggs. Mm-hmm. <affirmative>. And if you buy the house now, uh, the owner will leave all of these eggs. Okay. Let me buy it.

Matthew Maschler:

Yeah. It was, it was a fun meme. The problem I have with it is it’s not a home feature. Right. It’s just Yeah. It’s just a cashy rebate. Or

 Jill Glanzer:

We could just get a bunch of egg cartons with no eggs in

Matthew Maschler:

There. Oh, staging. Yeah.

 Jill Glanzer:

Staging <laugh> props.

Elliot Edelman:

But I made eggs this morning and, and these,

Matthew Maschler:

Uh, keep bragging.

Elliot Edelman:

Yeah. There’s plastic eggs. Uh, the, the container, it’s, uh, plastic and you fold it up and it’s another plastic and it’s shaped the size of the eggs. It like really takes care of each egg, because God forbid you drop an egg in these days, it’s, it’s, so they were ahead of the time thinking of these great egg packaging <laugh>.

Matthew Maschler:

So what’s worth more an egg or an imaginary made up currency?

Elliot Edelman:

<laugh>. Well, as Warren Buffet would say, the egg, you can eat the currency. You can’t do anything with it.

Matthew Maschler:

The problem is that the egg’s perishable.

Elliot Edelman:

Yes.

Matthew Maschler:

So you can eat it, but then you won’t have an egg anymore. Yes.

Elliot Edelman:

It has a limited life.

Matthew Maschler:

So what else do you wanna talk about? We didn’t prepare anything.

 Jill Glanzer:

Yeah. Tell tell us about what you’re doing now. Yeah. That’s different than what’s wonderful you were doing.

Elliot Edelman:

That’s, yeah. Well actually this is, you know, so being a trader locked in a room with, with monitors, I hardly talk to anybody. And as you can see, I love to talk and I have my, my brain is ready to explode with ideas and knowledge that I’ve had over the years. So I want to start, um, you know, sharing that with the world. So I, I don’t know. I’m working on a book. Maybe I’ll have a website. Um, I, I don’t know yet.

 Jill Glanzer:

Instagram, TikTok.

Elliot Edelman:

Yeah. I would love to give the name. I don’t have you. Awesome. Thank you. Thank you. So even, maybe even I’ll have my own podcast. So this is actually an, uh, uh, uh, a trial and error for me. Let’s see. See if anybody, uh, could understand what I’m saying. Um, so

 Jill Glanzer:

You, you know, TikTok is really cool. My husband watches it a lot. It’s not just dances. It’s, there’s a lot of information on TikTok. You could be the next information provider.

Matthew Maschler:

Really? That could be a good slogan. TikTok, it’s not just dances.

 Jill Glanzer:

It isn’t, it really isn’t. I mean, there’s history on there. There’s personal finance. You could learn in three minute little videos. Right. So much. And you could provide those videos once you get good at it.

Elliot Edelman:

Yeah. I, I, I do actually, uh, look at TikTok a lot and I see all kinds of different things. The latest thing yesterday, I

Matthew Maschler:

Like family guy reels.

Elliot Edelman:

Did any of you see TikTok yesterday?

Matthew Maschler:

I did

Elliot Edelman:

It. What, what did you see on there?

Matthew Maschler:

Dancing.

Elliot Edelman:

No, I saw something. No,

Matthew Maschler:

That’s what I saw. Okay,

Elliot Edelman:

Well then that’s all you look at. Maybe. But my feed was full of Disney and what were they showing? Spot

Matthew Maschler:

Mountain.

Elliot Edelman:

That’s it. It was so sad. It was the last day of sad. Wasn’t Splash Mountain

Matthew Maschler:

Wasn’t sad.

Elliot Edelman:

It wasn’t.

Matthew Maschler:

No, it’s crazy racist.

Elliot Edelman:

Oh, I know that. But

Matthew Maschler:

Splash Mountain Mountain’s problematic. I was on it with Lindsay when she was little and I’m like, this is weird. Like, I was uncomfortable and I didn’t ha know how to explain what it was. I know how to think about what it was. I was Have you ever been on a splash mountain?

Elliot Edelman:

Yeah, but I didn’t look at it as that. If, if you didn’t look at it, if I knew it was that, then I would’ve What did

Matthew Maschler:

You liked it, what did you think it was? You got slaves in the fields picking cotton and singing songs.

Elliot Edelman:

I, I don’t remember seeing it that way.

Matthew Maschler:

No. Than rather had your eyes

 Jill Glanzer:

Closed. Well, because you might have wanted to see it a different way. I didn’t see it either, honestly.

Elliot Edelman:

I was enjoying

 Jill Glanzer:

The ride. Isn’t that horrible that I didn’t see it that way? I, I

Matthew Maschler:

Don’t know. I mean,

Elliot Edelman:

Hey, the whole thing is based on a mouse talking. So it, it, it is just fantasy. But yes, you don’t want any No. You don any group thing. You shouldn’t not, it’s,

Matthew Maschler:

It’s not right. It’s

Elliot Edelman:

Problematic. No, I see that it’s problematic in today’s current, current thing. There. It’s change. It, it’s

Matthew Maschler:

A fun ride. I just don’t like walking around with my, like shoes wet at Disney. So I don’t, I never really went on it

 Jill Glanzer:

Though. Yeah, cuz then your socks are wet and Your’re wa not a

Matthew Maschler:

Good feeling. So I wanted to go Sunday and ride it one more time. Cuz I don’t, I only been on it once or twice because I don’t like being moist <laugh>. But um,

Elliot Edelman:

Obviously you see you did wanna ride it one one more time.

Matthew Maschler:

I did, but um, but my ticket, I didn’t realize. I don’t, I have, um, a Sunday, I have a Sunday restriction on my ticket and I didn’t really wanna do anything else about it. And then Wendy didn’t want to go. Yeah. So I didn’t.

Elliot Edelman:

As long as they don’t get rid rid of it’s a small world, then, uh, they’ll really be sad.

Matthew Maschler:

But it’ll be back in two years. They’ll, they’ll ream it. Okay. And different songs and different people and they’ll Princess Tiana and I think that’s her name. And then, and it’ll be brown. And then my, my feet will be damp again. So <laugh> now Space Mountain. I have a bigger problem with. Really?

 Jill Glanzer:

Why?

Matthew Maschler:

Oh, you didn’t see Space Mountain? No. Or maybe it wouldn’t. I’ve

 Jill Glanzer:

Been on it many

Elliot Edelman:

Times doing with Lights On or something.

Matthew Maschler:

Maybe they, they didn’t put it on TikTok <laugh>. I don’t wanna see bad stuff.

 Jill Glanzer:

Oh, I’ve heard of one story about TikTok fr I mean about not TikTok about space. About Space Mountain from years ago, but I think it was like an urban legend. No. So I don’t know if it’s the same one. No, this is

Matthew Maschler:

Two weeks ago.

 Jill Glanzer:

Oh, okay.

Matthew Maschler:

The, you know, when you go on a rollercoaster, you put your hands up in the air, but he gotta go. We, so he got injured. They took his hands off. What?

Elliot Edelman:

He’s

Matthew Maschler:

Not, he had two, he had two hands in. It’s

 Jill Glanzer:

Not an urban legend. No, no, no, no, no, no story because I heard somebody got decapitated when I was a kid. How

Elliot Edelman:

Could it be? They, they should test these things that even if you’re the tallest person in the world Yeah.

Matthew Maschler:

They

Elliot Edelman:

Should hands and arms up.

Matthew Maschler:

Yeah. They should

Elliot Edelman:

Close to happen.

Matthew Maschler:

So it’s 100% true. He’s he, he was, he had two hands when he started the ride. Geez. And he raised his, he raised his hands and he came back with no hands. And yeah man, they took both. He lost both hands. Don’t laugh. Why?

 Jill Glanzer:

No. That’s how I manage awkward

Matthew Maschler:

Things. No, no I’m not, it’s not funny for the person. Absolutely. No it is not. It’s not, it is not funny. It’s crazy. And you said that they’re run running it with the lights on, but like, I don’t sit, that’s the solution that guests will have to make split second decisions about whether or not they could raise their hand and otherwise risk losing that.

 Jill Glanzer:

How about you just don’t raise your hands on the ride,

Matthew Maschler:

But

 Jill Glanzer:

He’s the only

Matthew Maschler:

No, no. It shouldn’t be like a rule. Like please don’t raise your hands. Cause they might get cut off and it shouldn’t be that the lights are on and like, Hey, you guys have to make split second decisions based on they need to close that ride. Yeah, that’s that’s a good point. They need to, I mean, I’m, if there’s any chance of that ha possibly, possibly happening again. They need to close the ride. Take out the track, put in a new ride inside the They could use the same outside. Put in a new ride that don’t take off that don’t,

Elliot Edelman:

Yeah. They need engineering 1 0 1 is saying make it foolproof. So no matter what you do, you can’t get injured.

 Jill Glanzer:

But that guy raised his hand. There’s always gonna be where no one else raised their hands ever in the history of Space Mountain. And I

Matthew Maschler:

Don’t have, was it the right. Don’t

 Jill Glanzer:

Have And he was the exact I don’t have

Matthew Maschler:

Height. Yeah. He had I

 Jill Glanzer:

So bad for him. I’m sorry if you’re listening.

Matthew Maschler:

<laugh>, it’s horrible. I don’t even know, like, like, like lawyers take a third. Right? Like, lawyer isn’t entitled to a third on that. No. Right. Like, like they just have to go to Disney. Disney has to write a check. Like you can’t

 Jill Glanzer:

At that point just has to end that ride.

Matthew Maschler:

But how, how much, Elliot if you lost two, I have a finance question for you. You’re, you’re, you’re in the market. Yeah. If you lost both your hands in Space Mountain, how much would you want from Disney?

Elliot Edelman:

A lot. Because then I can’t type my keyboard.

Matthew Maschler:

I can’t Yeah. You definitely can’t type your

Elliot Edelman:

Keyboard. You can’t scratch my back.

Matthew Maschler:

You can’t scratch anything. I’d be so sad if I lost both my hands.

 Jill Glanzer:

Yeah, because you played piano.

Matthew Maschler:

Yeah. Piano’s horrible. But

 Jill Glanzer:

One hand, trillion dollars

Matthew Maschler:

One hand. You can play piano minimum. One, one hand. You can play piano, but, but you, you need at least one. Well,

 Jill Glanzer:

I’m sure they would give him

Matthew Maschler:

<laugh>

Elliot Edelman:

Now. You guys are making fun. But if, if we are making fun, did did the guy wear a watch? Was it a Rolex? Was it not golf? Cause I know you’d be concerned with that.

Matthew Maschler:

Honestly, I honestly don’t wanna make fun. It is, it is horrible. I don’t know that I can go on that road. No,

 Jill Glanzer:

I like, I’m never going on,

Matthew Maschler:

Like I don’t, I, my biggest issue is that Lights On is not the solution.

 Jill Glanzer:

Definitely not.

Matthew Maschler:

Like, that’s not the solution. No. But Splash Mountain being super racist and I wanna go on one more time, but Space Mountain, I don’t think you can go on again. No, you

 Jill Glanzer:

Can’t. You can’t ever

Matthew Maschler:

Go And people going, people are going,

Elliot Edelman:

Yeah, no, we didn’t mean to make lie to that person. We feel really bad for them. Their family.

Matthew Maschler:

It’s, it’s just, it, it’s awkward, but

Elliot Edelman:

Nobody should ever get

Matthew Maschler:

Hurt. But there’s no number, there’s no number that you could, you could say 20 million. A hundred million. No, nothing. Like a billion dollars. There’s no number.

Elliot Edelman:

No, certainly not.

Matthew Maschler:

So, um, so we, we talked about, okay, it’s a little bit, you um, I, when I, when did I see you? Uh, two weeks ago we were at the f a U game.

Elliot Edelman:

Yeah. We went to lunch though since then.

Matthew Maschler:

Oh, we went to lunch. But the f a U game and then this, uh, this Thursday, um, there’s another F fa U game. Yes. Are you going?

Elliot Edelman:

I might, I might. The 19 and one. I think

Matthew Maschler:

19

Elliot Edelman:

And one. Unbelievable. They were in ranch in top rank 25.

Matthew Maschler:

Wow. National ranks. Fa u

Elliot Edelman:

Owls.

Matthew Maschler:

What does that do for property values? <laugh> <laugh> cert. Right. Certainly good for people in the, you know, the people that own the one and two bedroom apartments in the immediate vicinity of F Fa u. Right. Because it’s

 Jill Glanzer:

Direct. Because it’s gonna make this college more popular, which is why they have football in colleges, right? Yeah, sure. Mm-hmm. <affirmative> to get more brand

Elliot Edelman:

Recognition and hear they have housing a shortage there in the,

Matthew Maschler:

Of

 Jill Glanzer:

Course everywhere. Really everywhere. Huh. But it’s going to make the college more popular and then more people are gonna apply and then there’s gonna be more people coming here, so it’s gonna increase everything around it.

Matthew Maschler:

Yeah. Yep. So, so good for property values. Yeah. Not good for people who, who are looking. But, um, but tell but tell but tell me about what your son’s doing. Is he, is he following after you in, in, in parish trading

Elliot Edelman:

<laugh>? Well, I do all kinds of trading. Well, one of them has actually just took a, uh, uh, course in school that’s going over more of that stuff. But I think one of my other sons, he runs a sports website called fl teams

Matthew Maschler:

Fl teams.com.

Elliot Edelman:

Yes. And they cover all the Florida, uh, professional sports teams and including a lot of the colleges. They put out content, um, articles, uh, studies, and uh, it’s good stuff. You could follow ’em on Facebook FL Teams or fl teams.com website And, uh, whether you want to read about the heat or the Buccaneers or the Jaguars or Florida Gators. I know you’re a gator, right? Yep. I’m

 Jill Glanzer:

A gator. Go Gators.

Elliot Edelman:

Yep. They haven’t been so good in basketball or football last No, they haven’t, but,

 Jill Glanzer:

Uh, I was there when they were like national champions.

Elliot Edelman:

Oh,

Matthew Maschler:

Yeah. You know, my, you know, my theory on, on why the Gators aren’t as good as they used to be.

Elliot Edelman:

Well, they’re cycles, I guess, right?

 Jill Glanzer:

Because is it because of the people they’re letting in the, the students how hard it is to get in? Or? No. No. Okay. I don’t know.

Matthew Maschler:

I mean, it’s hard to get into Notre Dame, but the football team’s good.

 Jill Glanzer:

That’s true. That’s true.

Matthew Maschler:

Yeah. Um, the, um, as the other colleges in Florida grow and develop their teams, as fa u develops their team as FIU Dev develops their team, ucf, UCF is doing great. USSF could do better, but as these other schools, state schools are developing their teams, the homegrown Florida talent is being dispersed. That’s a good point. No, I would say the top levels mm-hmm. <affirmative> people are going to national universities, um, right. In in the top, top division one teams. But in that, at that next level, right. You’re, you’re the Gators line, their defensive line and their backwards there and their, and their second string. And, you know, and it’s just, it’s, it’s, there’s only so many football players coming out of Florida high schools. And as, as F Fa U at FIU and ucf, those specifically, those three develop their teams. The, the local talent pool, um, is, is more divided. And I believe that really, uh, hurts both f University of Florida and Florida State.

Elliot Edelman:

That’s very interesting. Yeah. Maybe even the University of Miami. Also

Matthew Maschler:

University of Miami, a little bit different because they, they, they do have a little bit more of a national pole and it, you know, they, they’d still have to, whether it’s a, whether someone’s instate or out of state to, to Miami doesn’t matter so much. Right. So they still need the same, um, the same scholarshipping. Right. But, um, but the in-state tuition, and then the scholarship, a football player and the in-state tuition doesn’t cost you that, the school that much. Um, but for Miami, it costs him the same, whether the person’s from Florida or not. Right. Um, uh, and, but yeah. Um, I’d love to have him on, on my podcast. Maybe. We’ll, come on the Matthew Man. Uh, my other podcast about

Elliot Edelman:

Podcast. I’ll have to tell him it’s a good idea.

Matthew Maschler:

Yeah.

Elliot Edelman:

Yeah. Let me ask you guys a question, please. Also, I asked you about, I, I give you a lot of credit for transactions and real estate. Um, obviously I read a lot and about, uh, finances and, you know, some will say stocks is the best investment over the years. Some will say real estate is the best.

Matthew Maschler:

Are you asking for a discount on your commission?

Elliot Edelman:

No. That, that, I know you’re gonna gimme anything <laugh>

Matthew Maschler:

<laugh>. Right.

Elliot Edelman:

But my, here’s my question I’ve read where some financial experts say that your own residence is not an investment. So I want to hear you guys comment on that. Is your house an investment?

Matthew Maschler:

I don’t believe it is. Wow.

Elliot Edelman:

I

 Jill Glanzer:

Think it is. Yeah. But I do understand why they’re saying that, because if you really think about it, right, you have to always live somewhere, right? And you may, so you shouldn’t look at it as an investment, because then you might over ipro. Is he saying that if you look at it as an investment, you may over improve it, thinking it’s an investment, but it can only go so far. Right?

Matthew Maschler:

And your improvements could be wrong.

 Jill Glanzer:

Your improvements can be ones that the buyer won’t want in five years or 10 years. But I do think it’s an investment versus if you, if you compare it to renting, it’s definitely an investment because you’re buying the house, right? You’re going to have equity, you’re going to sell, and then you could go to the next

Matthew Maschler:

House. But I’d say that’s a different definition of an investment. Okay? Right? Like when I spend time with, uh, uh, with a student, I’m investing in their future mm-hmm. <affirmative>. Right? But that’s not necessarily a financial advisor. If you have money to invest, right? It would not be a good financial decision to buy a bigger house to live in. Right? That, that wouldn’t be a prudent financial investment. If you, if you have money to invest and you wanna return on your money, right? You shouldn’t redo your bathroom, you shouldn’t improve your house. You shouldn’t sell your house and buy a bigger house. That way you have more money working for you. Right? When I look at an investment, right? I’m making investment decisions, whether, you know, decisions, whether to buy or sell for investment reasons based on the market. When I buy a house, it doesn’t have to match financial markets, right?

I buy a house because I need a place to live. I might need a bigger house cause I have more kids. I might need a smaller house because my wife is finally, um, fed up with me and kicks me out. I need a smaller place to live. So people are buying and selling, not based on market decision, but based on lifestyle decision, right? Right. When I buy a stock, when I buy a bond, when I make an investment, I don’t, I want money back. I want either an increase in value, or I want a dividend. I wanna pay out, or, or I want an interest payment, right? I make an investment. I, I I, I lend this money and I get paid back with interest. When I buy my primary residence, I have to pay insurance, I have to pay taxes, I have to pay maintenance.

I have to mow the lawn. I have to replace the roof every 25, 30, 40 years. Money, money, money, money, money goes out. Money, money, money. When I go to sell the house, if, let’s say 20 years later when I go to sell the house, hey, if we were lucky, you sold your house in 21 or 22 and it was up, maybe you was gonna sell your house in a down market, right? A stock I don’t have to sell, right? When I don’t, when I don’t want to a house, I do. So I don’t buy or sell for financial reasons. And then the upkeep and the money, the money that you sink in that you don’t get back, right? For the maintenance and whatnot, also is not part of a traditional investment. But for most people, it’s their biggest asset, right? Mm-hmm. <affirmative>, and for, and real estate does appreciate, you know, my, my father-in-law financed his, you know, besides his job, he financed the kits, college and weddings and everything based on the equity of his house, that the equity of the house went up.

But, um, so yeah, for most people, it’s their biggest investment, right? Because they bought it, and then they sell it, right? They’re paying down the loan every year, every month they make a payment. So they’re building equity in their payment, and they’re building equity in real estate appreciation. So for that reason, it’s an investment, but for in, for investment reasons, if you, it’s, it’s, there’s better investments you can make. Certainly there’s worse financial deci, there’s good or bad financial decisions, right? It’s a better financial decision to own a house than to rent maybe, depending on your lifestyle, right? Right. If you are a professional athlete and you have a, a contract for one year, right? Right. You know, I’m in a country club and it costs, you know, x number of dollars to join the country club, and that’s one time I’m gonna live in this neighborhood for a very long time, so I could advertise that payment over, over the years.

But I have a client that, that comes, that works on a contract, one to three year contracts. He doesn’t want to join a, a country club with a big upfront payment, right? Because you lose it. Because if, because of the, not because you lose it, but because he can’t advertise it over 20 years, right? Because he doesn’t know if they’re gonna renew his contract and he has to move to a different city, right? So, um, so that person could rent, right? Yeah. It’s not a bad financial decision for that person to rent and take the, the higher payment that they would’ve for a house and invest that somewhere else, somewhere, you know, in a more traditional investment. So, so that’s why that financial planner said that your house isn’t your big investment. Yeah.

Elliot Edelman:

You wanna hear my take on it, please? Well, sort of what you said, it’s

Matthew Maschler:

Someone mute me so I don’t have to interrupt them.

Elliot Edelman:

Yeah. <laugh>, it’s, it’s, um, it’s sort of a hybrid answer. It is an investment, but not maybe in a traditional way. I mean, since houses do go up over the years, and even though you do spend a lot in maintenance, you know, depending on the cycle and interest rates, um, it’ll end up costing you less than if you rented, what is that called? An owner equivalent rent. And that’s what’s figured into the cpi. Um, so to that case, it’s an investment and the government encourages you. That’s why you can deduct a mortgage. They want home ownership, they want the American dream. But, um, yeah, you want the flexibility if you have to leave in a year or get a different job or move or whatever, it, it’s hard to wanna buy for just a year, as you said.

Matthew Maschler:

So, but I say that’s a, I mean, it’s a smart financial decision, right? Not every smart financial decision is an investment, right? If I buy a coffee maker, is that an investment?

Elliot Edelman:

Oh, that’s a good point, right?

Matthew Maschler:

Yeah. Is it an investment? Well, I’ll make coffee, and so I won’t spend as much money buying coffee, so at the end of the year, I will have more money, or I will have spent less money. It doesn’t mean that the coffee maker is an investment, it’s just a smart financial decision. It costs you more at the beginning, but then you spend, you know, you can save $2,000 and now you have $2,000 more,

Elliot Edelman:

Right? Maybe I have a looser definition of investment, like a car, which obviously most people will say is not an investment, but if you take care of your car, you change the oil, you wax it so it doesn’t rust, um, you know, the seats don’t start to crack because they’re out in the sun. You take better care of it when you sell it, even though it’s sold at a loss. Maybe it’s sold at less of a loss,

Matthew Maschler:

Right? That you’re, or you keep the car longer and get more use of it. It’s a good financial decision. Does it make it an investment? I don’t know. It depends on how you’re defining investment, but, um,

Elliot Edelman:

But if you’re increasing, let’s say you bought a car for 30 and you sell it end up for 20 rather than 15, you sort of tended to your investment, even though it’s not,

Matthew Maschler:

Right. Uh, right. So the wax and the elbow work that you put in, it’s an investment. Yeah. It’s an investment. Just like you can make an investment in the future, or investment in, in your children or investment in, uh, in college. Is college an investment? You’re spending money in the hopes of making more money later, right? Right. So is that an investment? So it depends on how, what your true, what, what your definition of investment is. Right? But if you’re, but if you’re investing and you have, you know, you have your IRA and you have some other investments, and you’re looking at your asset allocation, how much do you have in, uh, in stocks? And how much do you have in bonds? How much do you have in real estate? Um, do you put your primary residence in your real estate portfolio when you’re looking at your diversification class? It’s a decision that you could make. You could, right? Um, certainly, right. My five rental properties, those are investments, right, right now, but my taxes doubled, my insurance doubled. So it’s not a good investment unless I doubled the rent, but I already doubled it.

Elliot Edelman:

Yeah. You know, if you’re, if you showed me a couple of properties for investment potential and you say, this is the best one, I would maybe take that, but to live there, that property might be horrible to live in mm-hmm. <affirmative> because of the neighborhood, the schools, uh, location, et cetera. So when you pick where you’re living, it might be the least, um, profitable in the long run choice, but that’s the best for your lifestyle. As a

Matthew Maschler:

Real estate investor, my entire life, the process of buying my personal house was very difficult. I had to

Elliot Edelman:

Separate

Matthew Maschler:

Really, really separate. Right. Um, you know, because as an investor, I could make low offers as a person that says, no, I can move on and I can find the right deal. Right? But if this is the house my wife loves,

Elliot Edelman:

Right?

Matthew Maschler:

I I, I, I have to pay up for it. So again, the initial thing, I, the first thing I did when I bought my house was I paid a higher market rate than I did for any of my investment properties, right? So right away, it was a bad investment for pure investment reasons.

Elliot Edelman:

Money,

Matthew Maschler:

Certainly a good investment for financial reasons, right? Certainly, I’m in a better position now had I not bought the house. So, so in that definition, investment, it’s an investment. It’s

Elliot Edelman:

An investment fee of your kids and your, your wife and you. And

Matthew Maschler:

Now, if you looked at your alternative, right? All right, I’m buying this house as opposed to this alternative. And if the alternative was rent and, and you, you’re saving an amount of money, use those whole dollars, right? Those dollars, you’re savings, set that aside. Put that money to work. Right? But I think when you’re thinking, when I’m thinking of, of investible assets, I’m not thinking of a primary residence, which is why, one of the reasons the government doesn’t tax the gain of the house, right? You, you, you sell an investment and the government tax taxes, the, you know, makes a capital gain, right? Primary residence, there’s no capital gain on the first $500,000 because it’s not considered an investment. If you lose money on your primary residence, you don’t get a deduction. Right?

Elliot Edelman:

There’s also the full, the forced savings part mm-hmm. <affirmative>, which is not traditionally an investment, but for some people it ends up being you’re

Matthew Maschler:

Building equity with those, with those with, with every month, with those, uh, with those payments. Yeah. Right. All right. That’s terrific.

Elliot Edelman:

Yeah. Great stuff. That was an interesting discussion.

Matthew Maschler:

And if you wanna hear more from me and Elliot, just, you know, we’ll hang out at Hooters and talk about this stuff all day long. <laugh>.

Elliot Edelman:

I haven’t been here in a long time. Yeah.

Matthew Maschler:

Elliot was very, uh, covid shy, gonna going to restaurants and happy hours and stuff.

Elliot Edelman:

Yeah.

Matthew Maschler:

Looking back, I’m jealous. I should have taken a year off and done Nothing. <laugh>

Elliot Edelman:

<laugh>. It was an interesting year. Um, I’m sure more so for our children, um, in their development, but, uh, hopefully such a, an event of a lockdown and p pandemic won’t ever happen again.

 Jill Glanzer:

Yes. I hope that never happens.

Matthew Maschler:

Okay. So any, any final thoughts? Any, any parting words? Cause we do have to wrap it up because I have another podcast to record.

Elliot Edelman:

Well, this went so fast. It was, uh, a lot of fun. Um, it was great speaking with all of you. Um, I lear learned a lot. I hope our viewers do also.

Matthew Maschler:

Listeners.

Elliot Edelman:

Yeah. Listeners. Thank you.

Matthew Maschler:

<laugh>. If, if you had one piece of financial advice to tell a young person in their early twenties, oh,

Elliot Edelman:

That’s a great question and I have a great answer. And, and our guy here in the, in the control room wants to hear also really important, number one, by far have a nest egg or safety fund. Mm-hmm. <affirmative>. And not just for the traditional reason. Am I having a

Matthew Maschler:

No, you’re clear. You’re

Elliot Edelman:

Good. Is because your goal should never to be late for a payment, never to pay credit card interest. So if you have that buffer and don’t break into it unless really needed, I think the typical person, um, all of a sudden, okay, now they have to charge your credit card and now they’re paying 20% and that snowballs higher and then they miss a, a bill and this and that, and now they have a lower credit rating. Now when they get a, uh, lease Carr or get a mortgage, they pay higher. And all of the snowballs into such wasted money over the years mm-hmm. <affirmative>. So live a little under your means and have that nest egg if you happen to lose your job, if you have an unexpected payment. So build up that, that, that nest egg. And not everybody was born with a lot of extra money. So you know what, if you have to, when you graduate college, you have to live with your parents an extra year or, or, or shove, shove in with another roommate for a year or two or, or not get that fancy car. Build up that, whether it’s 5,000, 10,000, 15,000 and don’t really get into it unless you need be.

Matthew Maschler:

It’s so funny cuz I just bought a car. It’s four years old, 35,000 miles on it. Right? There are people that are not in great financial situations. They get new cars and then there are high school kids that are like, oh, that’s the old body style. Right. And it’s just, you know, I’m secure enough that I could buy a used car. Right. I don’t, I don’t even wanna buy a new car. Right. Cause I don’t wanna take that, that depreciation. I don’t wanna, I don’t wanna take that financial hit, but, um, I can afford <laugh>. I can afford, yeah. But, uh,

Elliot Edelman:

Yeah, that new car smell to me is not worth $10,000. Uh,

Matthew Maschler:

It’s, it’s not, it’s not. So, um, my piece of advice, if I can give young, younger, personal a piece of advice is, uh, points are worth money. So if you’re go on an airplane or stay in a hotel or rent a car, sign up for the rewards program, get the points. I see a lot of people leaving money on the table. So,

Elliot Edelman:

Yeah. Interesting.

Matthew Maschler:

I’ve been building up my points for, on airlines and hotels for like, I don’t know, like 35 years. And I just realized I could actually use the points. So lately I’ve just been using points to buy hotel rooms and like it’s fun. Like I go to a hotel and I don’t pay for it. Right. But I, I mean, I got don many points, but, but, but I see people like, oh, I’ve, well you fly Southwest. I’ve never flown Southwest before. Oh, you have Southwest Rewards? No, I don’t usually fly Southwest. And then the next time you go, you know, on the, on the way home, right? They fly Southwest home cuz they, they go there and they go back like, well that’s two trips right there. Right. And you know, it’s, it’s fun to go on to JetBlue or Southwest and buy a ticket and not pay for it.

I just bought four tickets to Burlington, Vermont, four tickets, Burlington, Vermont, me and my family to, uh, Lindsay wants to go to admitted students station. She’s gonna go to the university of her Vermont. Four tickets on JetBlue. Round trip. $11 and 68 cents. I don’t think it was free because the points are worth money. You talk about crypto, it’s a currency, right. My JetBlue travel bank, my United Points, my Hyatt points. My Hilton points. That’s a currency. That’s an alternative of currency. So I don’t think that hotel is free. I I used points for it. It cost me money. That’s my money when I see, you know, Hilton Point is worth a half ASC cent, if I see 200,000 Hilton points in my account. Right. That’s 200 bucks, hundred dollars, you know, $400, whatever. It’s um, but that’s real money. That’s my money. It’s not free. It’s my money. But it’s not, not not dollar, it’s a point. But, uh, yeah, but get the points. Yeah.

Elliot Edelman:

Oh, and although I, I mentioned credit cards,

Matthew Maschler:

I have Papa John’s rewards and every time David orders Papa John’s, he doesn’t go through my account. <laugh>. I don’t get the Papa John’s points.

Elliot Edelman:

I I I wish they could, uh, lower the cost by not having those hot peppers or whatever it is in it. Cuz he always throw it out. Why

Matthew Maschler:

Don’t you Oh

Elliot Edelman:

Yeah. You like them

Matthew Maschler:

Delicious.

Elliot Edelman:

Oh, okay. Next time I’ll save ’em for you.

Matthew Maschler:

<laugh>. Oh no, it’s, it’s one per three slices. But what you do is you bite it and then you take the crust and you dip it in the garlic and then after, so you got the hot in your mouth and then you got the, the garlic crust in. Maybe I’ll try that out. Delicious. But as it’s hot as I get, I, I won’t do one chip challenge. Oh, maybe we should do guys not do one chip challenge. Mm-hmm. I ain’t doing it. Thank you. I ain’t doing it. Yeah. That is my other piece of advice. Don’t do ch don’t do the one chip challenge. Yep.

Preston Smith:

You know, I was gonna say something about the car thing. Yep. Cause I’m, uh, I’m no longer in my early twenties now. I’m in my early thirties. You, you know, um, and growing up about the whole car thing and I was, uh, raising a household, we learned a lot about Dave Ramsey and stuff like that. So it was stressful about, uh, you know, getting a new car. And I bought a new car a couple years ago and one of, one of my perspectives out of gain, especially being in real estate and spending so much time in my car, is that I value something that’s gonna gimme peace of mind. Right. So it’s like for a duration of time when I’m first owning that car, yes. Depreciating those first couple of years, but I have that peace of mind that, you know, for an x amount of time this thing’s covered, I don’t have to worry about it. And having that certain tech in the car, uh, makes my life easier. And it’s just one less stress. So I don’t, you know, saying that I don’t know how that’s Yeah. It’s a true d but

Elliot Edelman:

Well it’s a trade off. You know, want a reliable car, you know, if every day if you have to miss work or day because there’s a repair that that costs you. Yeah. Mm-hmm. <affirmative>, you know, so you factor it at all in. It’s a balancing act. Yeah.

Matthew Maschler:

All right. Well thank you for joining us on the Real Estate Finder podcast. I’m Matthew ler real estate finder.com. Uh, if you wanna get ahold of Elliot, let me know. He’s not open to the public that, that I think

Elliot Edelman:

Of. Well look for me on LinkedIn. Elliot Edelman, e l l i o t e d e l m a n I put out a lot of content about finance and stock market and trading and stuff and, and a good content. And then you’ll hear what’s next with me. Should

Matthew Maschler:

I get a LinkedIn account? You

Elliot Edelman:

Have

Matthew Maschler:

LinkedIn. I have LinkedIn. You

Elliot Edelman:

Don’t have LinkedIn. You, you have it. You just haven’t developed it. We can talk about that

Matthew Maschler:

Link. You know what I realize my Facebook is linked to my Instagram. Mm-hmm. <affirmative>. And every time I put a picture on Facebook, the picture goes to Instagram and I didn’t know this was happening. So it’s not, so Instagram’s not curated. It’s just random, random, um, pictures and then there’s all these comments on it. I had no idea. Cause I’m never on Instagram, but I didn’t know anyone was on LinkedIn. Wow. Why not Facebook?

Elliot Edelman:

I’m on Facebook also.

Matthew Maschler:

Do you post the same thing on Facebook that you post on LinkedIn? Not

Elliot Edelman:

Yet, but I will be.

Matthew Maschler:

You could probably said it so that you post the same thing. Yeah, I’d love to read more about some, some of the

Elliot Edelman:

Stuff, but like I said, I had compli,

Matthew Maschler:

I would really like to read what you’re And LinkedIn’s. Okay. Facebook’s not

Elliot Edelman:

Well cause my company monitored my LinkedIn.

Matthew Maschler:

I’d really like to read what you wrote. I, I don’t want to enough to go to LinkedIn. Yeah. But I’d love to see it on Facebook.

Elliot Edelman:

Well, some ways I kept or sending email. Facebook is more personal and LinkedIn is more business.

Matthew Maschler:

Yeah, yeah. Yeah. I’m 24 7 <laugh>. I can’t separate it. Yep. All right. Do you, is there anything you wanna plug is what I’m saying? No.

Elliot Edelman:

Uh, thank you so much. If anybody needs real estate, Matt and his team are incredible. They’ll, they not trying to just make the buck. They’ll show you the right place, uh, that will, you’ll be happy with. And they really know the, the area.

Matthew Maschler:

Thank you for saying that. Sure. Thank you for saying that. Uh, uh, looking for you on LinkedIn. Are you Elliot Edelman or is there a different brand?

Elliot Edelman:

That’s my name right now.

Matthew Maschler:

Um, that’s

Elliot Edelman:

Me.

Matthew Maschler:

Can everyone on, like, on Facebook? I think only like my friends can see it. Is your LinkedIn O open to the public?

Elliot Edelman:

It’s open and people can, I have just connected with

Matthew Maschler:

Him, but you have to connect with him in order to follow.

Elliot Edelman:

I have to accept you. I don’t know the answer to that, but I

Matthew Maschler:

Will accept you. Well, what I’m saying, if, if you don’t accept her, she can’t see what you

Elliot Edelman:

Wrote, but she could follow me. You anybody could follow anybody.

Matthew Maschler:

Any, anybody.

Elliot Edelman:

What’s I believe

Matthew Maschler:

Is there a difference between someone following you and somebody you’ve accepted? Well,

Elliot Edelman:

If you follow somebody, they don’t necessarily follow you. Whereas if you’re connected, then you’re both, and then you can send messages and all that stuff.

Matthew Maschler:

See, I used to think LinkedIn was about all those connections and not necessarily content, but obviously you need the content. No,

 Jill Glanzer:

It’s, it’s becoming more content.

Elliot Edelman:

Yeah. And LinkedIn by the way is, is, what’s the word? Um, you know, where there’s trolls and nasty stuff like you’ll see on Facebook and Twitter and whatever. LinkedIn is pretty nice and calm because it’s more professional.

Matthew Maschler:

Are there Asian girls that are interested in, in, in, in your, in your posts?

Elliot Edelman:

Uh, there’s all kinds of girls, but usually they have two or three followers. So I know that they’re fake.

Matthew Maschler:

There was a guy, like, he’s not alive anymore, I don’t think. Is that guy alive anymore? The guy that used to go to his go coast lunches?

 Jill Glanzer:

I don’t know. Oh yeah. He, he keeps friending me on Facebook

Matthew Maschler:

Every time I get one. And I

 Jill Glanzer:

Don’t,

Matthew Maschler:

Every time I get one of those imposter girl people trying to like, like trying to follow me or or friend request me and stuff, and I go to you go to see, you know, if you don’t know if someone’s real, if you don’t know someone’s real that you, you, um, you go see if you have any, do you have any friends in common? Right. Right, right. There’s always that one guy. And he’s friends with all of ’em. Yeah. Yeah. He believes ’em all. Yeah. I think

 Jill Glanzer:

You told him that once.

Matthew Maschler:

So, so, um, all right. So Elliot Edelman on LinkedIn, Florida teams.com. Yes.

Elliot Edelman:

Florida

Matthew Maschler:

Teams son com. And um, does your other son have anything open to the public? I know he does a lot of

Elliot Edelman:

No, he, he actually’s one of the r kids that, that likes to focus on on life and not be on, uh, checking his phone all the

Matthew Maschler:

Time. So, but what’s he really into? Is it robotics?

Elliot Edelman:

Robotics, yeah. Yeah. He’s actually on a robotics team. Mm-hmm. <affirmative>, um,

Matthew Maschler:

It’s called Can he make robot arms? Robot hands?

Elliot Edelman:

Yeah. They do all kinds of, it’s amazing what they do. They, they go into tournaments and uh, the robot goes and picks up a basket ball and spins around and throws it in a basket and then moves to a thing and does a pull-up. Wow. It’s amazing what they do. So he’s into that and he’s has banned

Matthew Maschler:

But nothing. But he is not public facing?

Elliot Edelman:

Not, no, not yet. I tell him to get a LinkedIn account, everybody should have LinkedIn and

Matthew Maschler:

Well, you have to have a reason to be public facing. Right. If he doesn’t have a, a message or a product to sell, then what then might be public facing.

Elliot Edelman:

Yeah. Well,

Matthew Maschler:

No, but he could, but he could build his, what the point is, build his cred. Now create a reputation in robotics early on that people could see. Right. College is gonna wanna look, they’ll see that, those portfolios. Right.

Elliot Edelman:

But LinkedIn, a good thing is you follow others, whether it’s Mark Cuban or politician or whatever, and you see their content and articles and videos and you learn so much. Follow different groups, real estate or whatever.

Matthew Maschler:

I’m so not interested in LinkedIn. I love Well, I’ll get you interested. I’ll convince you. I’ll sell it to you. You’ve tried to convince me to those weird rooms and those

Elliot Edelman:

Other discussions. And you’re wrestling. There’s a lot of people in wrestling. I

Matthew Maschler:

Things. There’s so many You could

Elliot Edelman:

Find a wrestling group.

Matthew Maschler:

I picked my battles.

Elliot Edelman:

Wait, didn’t we say we we we’re, we’re done for the day. We keep talking.

Matthew Maschler:

We, is that how it

Elliot Edelman:

Goes? You can’t stop. It’s, it’s never ending. Elliot’s good. Make

 Jill Glanzer:

It’s never ending

Matthew Maschler:

Podcast. That’s how it’s with me and

Elliot Edelman:

Elliott. I’m okay.

Matthew Maschler:

That’s a good problem to have. I’m home late, then gets mad at me. I was gonna know I was talking to Elliot late. Everybody left and it’s me and Elliot we’re talking. <laugh>.

Elliot Edelman:

Yeah. I love it. Can I guys say for 28 years I’m in my pushing, uh, you know, looking at eight monitors and buy selling. Hardly talk to anybody. So I have a lot of, uh, you have a lot of words. A lot of words to say. Can I ask Elliot one more question? Yes. So your son’s in band? Yeah. You said what’s what instrument? Uh, he plays the baritone. Okay. Elliot. Yeah. Yeah. My mom, I think actually played baritone when she was in college. Cause I’m a musician myself, so that’s why I was experienced. Great. Yeah. Yeah. So a school band. They play the football games and they play in some concerts and, and that’s good. Yeah. Music is good. It’s, it’s a good for, even if he doesn’t continue in it in later life, they say it’s good for your creativity. Oh, it’s for your logic. For all kinds of stuff. Yeah. Yeah. I was actually thinking, um, of trying to develop something with music that helps people develop more into their creativity and discipline. There’s things that you can do, but that could be a whole podcast in itself. A world without music is what a wor a world not worth living or something. Yeah. So until a

Matthew Maschler:

Day without music. A day. A day. Not worth. Okay. I think, I think that’s good. Okay. All right. Well, thank you for joining us on the Real Estate Finder podcast. Tune in to the Matthew Mania podcast. Next week. We’ll, we’ll have more familiar yet if he sees in the studio where we off on Matthew Mania.

Speaker 5:

The Future looks bright in the Stones Pass by the sky’s dark blue when it’s almost that time, light shows cameras flash when I pass living in the moment, forget about the past. They saved the best for last. Matthew Mania. We about to make a splash. Life is a marathon full of sharp turns, gotta keep pace while hands on the pop turns hot stakes. Five Star Estate. I run a show. You can tell the boss center place electricity, energy, vibrate. I’m always on time. Even if I’m late, I make dreams come true. Living my life. Hope the same for you. My a clear, if you don’t know the, I’ll give you a clue.

Speaker 6:

You know what, you know what you know what you, you know what time. You know what you know what time is. You know what, you know what you know what time Its, you know what, you know what you know what time it is.

Speaker 5:

You know what time. Its, you know, time. It what time? Its Matthew Mania. The time it says, you know what time it’s, you know whose time it’s, you know what time It’s Matthew Mania. The time it says, yeah. Got him shook, scared. Can look. We’re not afraid of the big bad wall. First comes the right.