Tom Talks Fort Worth Tom Jung

Tom Talks Episode 106:
Join us in this week's episode of Tom Talks as we dive into the Rangers World Series parade, unveil a shocking land scam in Dallas, dissect the 2023 Texas voting results, share a hair-raising tale of a man and a manhole, celebrate Siemens' grand opening of a new factory with 700 jobs in Fort Worth, and explore the downfall of WeWork as it declares bankruptcy. 

Experience the Texas Rangers World Series Championship Parade through our eyes, where the turnout was massive, but the parade itself left us yearning for more excitement.

In Dallas, a gripping story unfolds as a family's lot becomes entangled in a deceitful scam. Get ready for all the captivating details!

Dive into the intricacies of the recent Texas voting, including significant law changes and constitutional amendments, as we break down the results and provide a comprehensive overview.

Hold your breath as we recount a recent incident in Fort Worth where individuals find themselves falling into manholes and facing unexpected predicaments in construction sites.

Exciting news for Fort Worth residents—Siemens is set to open a new factory, bringing 700 job opportunities to the area and contributing to its economic growth.

Lastly, witness the rise and fall of WeWork, a once-thriving office space provider, as it grapples with the challenges of a changing landscape and declares bankruptcy.
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Time Codes:
(00:00) Introduction
(00:38) Texas Rangers World Series Champ Parade Experience
(03:00) Land Scam in Dallas Texas
(07:45) 2023 Texas Voting Results
(12:25) Man Fell Into Manhole... Again
(17:32) Siemens is Opening a New Factory
(21:25) WeWork is Declaring Bankruptcy 
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Tom Talks Episode 105:

Welcome to this week's episode of Tom Talks! We discuss many interesting topics including Arlington's new approach to paying tickets, October's market update, a big mistake made by a sales rep, Fannie Mae's decreased down payment for home buyers, and a lawsuit against NAR!

Arlington has introduced an innovative approach to ticket payments! Instead of traditional fines for misdemeanors, discover how you can opt for a GED course as a unique and educational alternative. This initiative stems from a recognition of the powerful link between crime rates and lower education levels.

Switching gears to our podcast's October real estate update! Brace yourself for insights into the unprecedented scarcity of inventory, marking the lowest number of closings in the past decade in the DFW area.

Prepare for a gripping tale of a sales rep who committed to making a home ADA-compliant, only for the final result to fall short of expectations!

In a groundbreaking development for the real estate community, the down payment requirement for a fourplex has plummeted to just 5%, a significant drop from the previous 15-20%. Tune in for the inside scoop on this game-changing news.

And finally, don't miss out on the billion-dollar lawsuit shaking up the National Association of Realtors (NAR). We delve into the riveting details of a three-hour deliberation that led to a decisive verdict!

Time Codes:
(00:00) Intro
(01:45) There is a better way
(06:50) The big squeeze in real estate | October 2023 Market Update
(13:00) Sales reps are not your friend
(19:49) Big news for Fannie fans | Fannie Mae Benefits 
(24:12) The gig is up
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Tom Talks Episode 104:

Hi and welcome to this week's episode of Tom Talks! In this podcast, we are going to be talking about a unique hotel going up in Weatherford, an RV park of the future, a real estate market update, a crazy story involving fraud and investors, and a solution to Dallas's bad drivers!

A new hotel is going up in Weatherford, Texas! The hotel will contrast Weatherford's more subdued atmosphere by being vibrant and artsy like Fremont Street in Las Vegas. Despite initial skepticism, the proposal by the Hotel Group specializing in Container Hotels suggests a unique 16-room boutique hotel with a bar, coffee bar, restaurant, event space, courtyard, and private pool. The hope is to transform it beyond a hotel into a communal space, accessible to the public, aiming to make it a central gathering place in downtown Weatherford.

Your ideal RV park sounds like a dream, and it's great to see that places like The Campers Hub in Montrose, Colorado, are bringing some of those elements to life. With essential features like reliable internet, a co-working space for remote work, and amenities such as restrooms, showers, and laundry, it caters to the needs of long-term RV residents. The addition of a communal pool, pagodas for food setups, and a central green space creates a sense of community, offering a unique blend of comfort and social interaction for those looking to make their RV stay more than just a night's rest.

Recently emerging in Dallas, the fraud group known as Nonbond Ventures, operating under the guise of a trustworthy friend (nonbond meaning friend in Tamil), has faced an SEC restraining order for allegedly committing fraud against hundreds, specifically targeting Indian-Americans in communal communities. Despite their friendly facade, the trio started as IT professionals with no investment experience, evolving from a friends and family hedge fund to an investor Advisory Group, ultimately orchestrating a $130 million Ponzi scheme through a questionable option trading strategy called GK strategies.

Next up on the podcast, we give you a market update! If you look at the North Texas MLS, the average sales price has experienced a 1.3% decrease, which aligns with expectations after a peculiar year with an initial spike followed by a significant slowdown. Despite the usual annual appreciation of around 4.2%, the market is trying to find a new equilibrium and things were starting to level out until this past week when interest rates reached 8%! People are beginning to move away from Texas, find out where are they going!

The last topic up for discussion on our podcast is a possible solution to bad driving in Dallas. Cruz LLC is a new self-driving car company that is already in places like Austin, Phoenix, and San Francisco. don't miss out as we talk more about some of the hot water this company may be in!

Time Codes:
(00:00) Intro
(02:55) Contain your excitement, Weatherford 
(06:34) The RV park of the future
(12:25) Investors are friends, not food 
(21:38) Your real estate market update: where's everybody going??
(30:13) We have the solution to Dallas's bad driver problem
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Tom Talks Episode 103:

On this week's episode of Tom Talks, we go over some interesting stories including a white supremacy group that was found casually eating at a local well-known establishment, a way to spot a fake home before buying it, some dirt on Fort Worth ISD, why home buying is becoming more costly, and the nicest and most recorded bathrooms. 

This past weekend at Torchs Tacos in Fort Worth, there was a bit of an incident involving a white supremacy group. Listen as we dive into this unfortunate event. 

Next up we highlight potential red flags in a home-buying scam scenario. The example involves a seemingly attractive deal on a house, where the buyer ends up wiring money, signing a contract, and later discovering that the property was never for sale. The identified scams include fake ownership, too-good-to-be-true deals, manipulation of earnest money, and wire fraud, emphasizing the importance of due diligence and verification in real estate transactions.

Texas is considering legislation for an Education Savings Account (ESA), an annual proposal by Governor Abbott. The ESA would allocate a portion of public school funding, around $88,000 per family, for use in alternative education options such as charter schools or homeschooling. However, the proposal faces challenges and limited support from both Democrats and Republicans, as there are existing limitations on diverting public school funding to private schools in Texas.

We dive into why home buying may become more expensive! Imagine working with clients in a competitive housing market, where after weeks of searching and missing out on one house, they finally find a perfect one. However, a broken sewer pipe dispute during inspections causes the deal to fall through. As you help them find another suitable home, a new challenge arises when the listing mentions a realtor commission that the buyers need to cover, adding financial strain to an already complex process. Don't miss out on this topic!

In our final segment, we delve into the arrest of Buc-ee's co-founder! For those unfamiliar with Buc-ee's, the renowned gas station famous for its pristine restrooms and other fantastic features, tune in to catch the details of this unexpected event.

Time Codes:
00:00 Intro
01:19 These tacos ain't kosher
05:48 How to spot a fake house before you buy it
13:40 Fort Worth ISD, your days are numbered
22:40 Why home buying may become more expensive
31:48 Nicest and most recorded bathrooms
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If you are thinking about buying or selling a house, we would love to help you!
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tomstexasrealty.com

Tom Talks Episode 102:

We kick off this week's podcast on the topic of Lime scooters. Lime scooters made a bold return to the DFW area, particularly in Plano, with the release of a fleet of 40 E-scooters. Despite past challenges in 2019, including the impact of COVID-19 and regulatory issues, Lime is aiming to deploy 250 scooters in Plano alone. The company faced problems like scooters being misused and thrown into undesirable locations. To test the waters, Lime is running a pilot program in Arlington, focusing on the UTA campus. The hope is that these changes will mark a successful comeback for Lime in the region.

Next up we start a discussion about illegal immigrants, particularly those from Venezuela, highlighting the challenges and complexities of their situation. Contrary to common assumptions, many end up in major cities like New York and, surprisingly, Houston in Texas. The tracking of illegal immigrant populations in cities is a complex task, involving estimates based on factors like income and money flow. The story prompts consideration of the unexpected destinations and circumstances these individuals face as they navigate a new life in the United States.

In a unique approach to lawn maintenance, we explore the concept of "goatscaping," where goats are employed to naturally trim overgrown yards instead of using traditional lawn equipment. We ponder whether this practice qualifies as vegan, as the animals are not only utilized but also contribute to a more humane and eco-friendly alternative. There is a significant upcoming project where over 60 goats from Goatscaping LLC partnered with the city of Fort Worth to clear out a 2-acre area in Anderson Park.

Next, we discuss the concept of using Big Mac prices as a more accurate indicator of real inflation than official government figures. By examining the cost of a Big Mac, which involves various industries and market conditions, the hosts argue that it provides a more comprehensive view of the economy. Drawing comparisons between official inflation numbers and the increase in Big Mac prices since the pandemic, they express concerns about a potential recession, emphasizing the importance of monitoring economic indicators for industries like real estate.

Denton initially banned short-term rentals, but after legal challenges, they allowed them with registration, inspection, and taxes. However, the compliance rate was low, prompting Denton to consider hiring a team to find unregistered Airbnb properties. Even those in compliant mixed-use areas may now face additional regulations, reflecting a struggle between the need for oversight and the challenges of implementation in the short-term rental market.

To stay in the loop for upcoming episodes of Tom Talks and our weekly videos covering all things real estate in the DFW areas, be sure to subscribe to our channel!

Time Codes:
00:00 Intro
01:32 You put the lime in the Metroplex and shake it all up
07:16 Where do all the illegals go? 
15:08 Lawn Care goats 
19:00 Big Macs never lie 
26:09 Dog the Airbnb hunter
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Tom Talks Episode 102:

In this week's edition of Tom Talks, we kick things off by diving into the intriguing world of airports and their peculiarities. The larger the airport, the wilder the happenings! Join us as we recount the unusual events that unfolded at DFW airport over the past weekend.

Moving on, we shift our focus to learning how to stop bothersome neighbors from parking in front of your property. If you're clueless about preventing this annoyance, pay close attention to this segment for valuable insights!

We then explore a behavioral health center that you might want to steer clear of. We dissect the multitude of reasons, including a slew of recent citations. This is a segment you won't want to overlook!

For those contemplating putting their house on the market soon, don't miss our rundown of the top 7 essential fixes before listing. From foundation concerns to plumbing issues, we provide a comprehensive guide on what to address and why these fixes are crucial for a successful property sale.

Wrapping up our podcast, we dive into the realm of tax dollars—a timely discussion as the next fiscal year kicks off on October 1st, a date that is a mystery to us. We explore potential pitfalls and reasons why we might already be off to a rocky start.

To stay in the loop for upcoming episodes of Tom Talks and our weekly videos covering all things real estate in the DFW areas, be sure to subscribe to our channel!

Time Codes: 
(01:10) Airports are weird
(06:02) How to prevent neighbors from parking in front of your property
(11:10) The looniest of loonie bins
(17:27) 7 must-fix items if you are going to sell your home
(26:20) Tax dollars hard at NOT work
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If you are thinking about buying or selling a house, we would love to help you!
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