Red Rachel Makes A Big Decision.

0:00Did you know that parents rank teaching financial literacy as the toughest life skill? That's where Greenlight comes in. The debit card and money app made for families. With Greenlight, you can send money to kids quickly, set up chores, automate allowance, and track spending with real-time notifications. Kids learn how to earn, save, and spend responsibly, while parents have peace of mind knowing smart money habits are being built with guardrails in place. Try Greenlight Risk Free Today at greenlight.com slash try greenlight. Welcome back to the two guys in Christchurch. I don't want to overstep my bounds. I like Red Red Chola a lot. She just told us yesterday she's moving into a new home with her boyfriend. Uh-oh, I'm going to try to distract HR for a minute. Oh, somebody triggered? Yeah, it's going to be a lot of this going forward. Oh, what I'm going to say. It's a bearing, it's a bearing, it's a shake to you. All right, now I ask her, I got a bearing. I think you should stay where you are right now. I have a feeling in the next couple of weeks or months or whatever.

1:01There's going to be multiple times a day where you say, I told you so. No, I don't want to do that to you because I like you so much. You're a young person. But the endorphin rush, I'm saying it's a little shallow. Because it's going to be a major adjustment and it is. And I'm going to come in here and I'm going to, because I have a, I wear my heart on my sleeve sometimes and I'm going to tell you. I like that about you. And you're going to say, try to tell you. You won't say it that way, but you, the smirk will tell you. Well, I'll be passive aggressive about it. That's what I like. I like that about you. Thank you. You're the only person who does. I think you should. I mean, you're young, you're just starting out. I think you've got a very bright future. I think you could stay with your parents for a couple of years and save a lot of money. You know, there's a bit of a, there's a bit of a problem that there's so much judgment when you're my age. And you probably feel this too, BBC, that when you say, oh, I live with my parents. I don't think it's a big deal. I'm not embarrassed by it. People will be like, oh. Do they generally not anymore? I don't think it was like that for a long time. But things have changed. Your people really got to understand that.

2:01I know I have so many friends. My age, that's live with their parents still right now. Most of my friends do too, because it's, I mean, try to shop for a house or an apartment or anything right now. And it's insane. I will tell you this. I've opened my doors so we can look eye to eye here. Stay at home. I'm a cautionary tale on every level of life. He is. But let me tell you where I made my first mistake, leaving home. The move out, the move out. Because then you start getting yourself. You don't realize it's happening. You'll slowly get yourself in a little bit of debt. Yeah. You'll start things. You don't realize how expensive life is till you live alone. Well, you're just talking. Chris Timson, you're adulting now because you're, you're taking care of all this stuff. You know, you got the, the rental payment coming up. You got to do this and that today. Well, there's a lot of stuff that goes on with it. And Rachel, in your situation, specifically, you're in a committed relationship. Right. The dating thing is over for you. Like, it's good. You've got that handled. Stay with your parents. Like, it's hard trying to date and live with your parents. Like, get that. You've got that covered.

3:02You stay, stay with your mom. It's really unfortunate. And it seems like it's been that way for a while now that people your age have so much trouble because homes are so expensive. A one bedroom apartment. If you want to live in a good neighborhood, it's $2,000. Yes. It's, are you serious? Yes. In that neighborhood, you can't find anything decent for under 1,500. No, that's true. You know that. Oh, God, yeah. I mean, that's why I'm, I look. I am very lucky to live where I live currently. Do you know, you want to gas? I'll play it. Despite the rain of urine. Occasionally, you're in showers. Tell me tell me the police presence. Word in the time. Word in the time. Word in the home with the home police rays, all that. I'm still not moving. Yeah. You should play now. I moved into my first apartment when I was 23. And it was here. Do you want to play high low and guess how much my first? Well, I should do my college apartment and what that comes. But let's do my first apartment is in this city. It'll be fun. Like, Christim, do you remember what yours? You should, you know what yours cost? Because my first apartment. Yeah. We should do that.

4:03I know, I remember mine. Or let's do Christim first. How much it was monthly? Yes. How much it was monthly. And we'll play high low on all three of our see if you can do them all in 30 seconds. What year is Christim? 1950. OK. Yeah. Lower. I think the whole world was still raging. I didn't think that's the game we played. That's Cold War era. So you say now you need at least $1,500 or $2,000 for a one bedroom apartment. Yes. All right. Let's play high low on Christim's first one. On your mark, get set, go. 500. Lower. 400. Lower. 300. Lower. 200. Higher. 250. Higher. 275. Higher. 280. 290. Yes. 290. Or rather his first one bedroom apartment. 100. That's insane. I've been flexing on everybody if I got that. What year? Uh, 86. OK, 87. Now I'm 94, 1994, I'm moving to an apartment. In the same place, not the same complex, but the same cities. No, different cities. You were in Jackson. I was in a different city. OK, that's right.

5:03Now, this is a bigger city. This is here. Bigger city. Here. OK. All right, 1994. I'm moving in. Lower. 300. Higher. 350. Higher. 375. Higher. 390. Yes. 390 was my first. And then it went after about a year went up before 15. I said they are absolutely kidding. It's ridiculous. It is ridiculous. But I was making no money. Yeah. But now. But now. Well, it's too far again. And you have, because I found a house for rent. Yes. And I've complained about this because I live in a neighborhood where people are coming in and buying the homes and renting them out. Yes. It's a problem. But then I'm contributing to it because I can't, it's cheaper to find a house. Well, you know, somebody told me that the Trump administration seriously is looking into these places that buy up a ton of house. Now we, listen, they advertise that you see them all the time. They're big company and they buy up and they own neighborhoods. They have so much leverage because they own so much, and then they sell them for what they want. And buying them and turning around and selling them, I don't really have a problem with that because sometimes you don't want to deal with the showing your house.

6:05Yeah, right. That's what they do. They come in and they give you a good price. Yeah. Yeah. There's that too. Now, Biggie, what year do you move into it? Okay. So this is, I live with a roommate. So I'm going to move that to just where I counted just myself. All right. Just yourself. Was 2004. All right. 2004. So now we've had 1986. Was 290. 1994 was 390. Now you're up to 2004. And this is just for you? Just one bedroom. One bedroom. One bathroom. It's basically 10 years apart. Yeah. Yeah. Three different generations. 500. Higher. 600. Lower. 650. Lower and lower. Oh, sorry. The 550. They go. So they get what they go from 290 to 390 to 550 over 20 years. And now we're 20 years past. That's where we are. 20 years past. And it's 2000. Yeah. And that's what I mean. And like you, when you said they raised your rent, when they came to me, we're like 600. I was like, are you crazy or blind? And that's when I didn't pay rent and got evicted.

7:06That is crazy. So over 40 years has gone from 290 to 2000. I just gave double fingers to everybody. Yeah. Sorry I did that to you. But. No, they deserve it. They do deserve it. That's double fingers to weigh out. It's all about the amenities. Everybody wants like a gem, a pool. Yeah. And I'm like, I just want a place to live. I don't need all that stuff. You nailed it on the amenities. Places don't sell you on the apartment anymore. By the way, every apartment is cookie cutter the same now. The same. But what they do is they go, oh, you got to see our amenities. My son's apartment at Tennessee. And I can't even, what we pay for that is ridiculous. I mean, he's got three roommates. Does he live in an apartment or? He lives in an apartment in Knoxville. And it's walk. I mean, it's right on the fence. Is it student housing? No. No. But how many roommates does he have? Three. So he's got him and three and him and three others. Yes. But what the way they do that is it's not like, okay, the apartment costs $2,000 each of you pay 500. It's each of you have this certain price period. So if one moves out, he continues to pay the same price, which I guess is a little more fair.

8:06But the price is way jacked up. And, but what he has is I went to his apartment once. A decent apartment, you know, basically what I had when I was in college. But the amenities are way more. A treadmill, a workout room he never uses. A pool he's never laid by. His skin's wider in yours. I mean, this, there's, he sure there's a movie theater or something. All these things. Now, right down below him is raising canes and Jimmy Johns and all these different Chipotle. I mean, all right there. That's the same reason I didn't live in a college dorm or live on campus because that's the same thing. When you go to college, you're not really going for the education. You're going for the sports that they have or like the gym that they have. You're going for all the other stuff and it's ridiculous. Yeah. And now he is my son to his credit moving next year to a place farther from campus that doesn't have all the amenities. And so it's less expensive, which I thanked him for. Same roomies. Two of them are going to see one's graduating. So it's with three of them. But the place is less expensive, even with just three living there instead of four. And I thanked him for it.

9:07And he goes, yeah, I'm trying to save you that bread, bro. Okay. It's not like you, baby. Yeah. That's my boy. TJ, you're talking about moving out. I tell Red Rachel, I don't want to button her business. But stay where you are. TJ, go ahead. Yeah. Yeah. So my brother, when we were all in our younger to our younger 20s, all the older brothers, our youngest brother stayed at home and we were like, come on, man, get with the real world, move out, have your own place, down to that, all that. But then when we got our mid 20s, we were like, no, man, we were completely wrong. Yeah. Doug called it right. Stay there. Stay there. Stay there. Or ever. That's my advice. Logically, if you follow it to its conclusion, you will inherit it. Eventually. Yes. God forbid. Many years down. When you're in your 60s. Yeah. You'll inherit it. You'll inherit it. Agreed, TJ. Completely agree. And, you know, I'm even my mom when I was, she was like, you can stay here forever if you want to. And even when it was affordable, it was like, you can save a lot of money living with your parents. Brent, you're talking about trying to move out.

10:09Go ahead. Brent. Yeah. Yeah. We lived in the rental house for about four years. We moved in before COVID. Where everything jumped up. When we moved out, I was talking to landlord. He said that he was going to, we paid $750 a month. And it was a three bedroom house. He said he was going to raise the rent to at least $1,800 for the next tenants to move in. Oh my God. That's about the typical pricing I'm seeing. And COVID was when it happened. It was, it's huge. We bought the house we are in in 2020. And the, you know, the rate, it's, it's risen in value by a lot quickly. I mean, right after we bought it, thank you, Britt, appreciate it. I don't even know why that was really. I mean, what has happened that all of a sudden it's so much more expensive? Because the wages haven't gone up. I mean, we know that. Yeah, not too equates to the, yeah, it's insane. Not even close. Not even close. I wish you the best of luck. Absolutely. I would not help you financially. I was going to say my, you know, my boyfriend is a restaurant.

11:10My boyfriend is a restaurant manager. So that's one thing we will not go hungry. That's right. You will not go hungry. He'll bring home food from. We've planned out at all kinds of meals. We're going to try. You like Indian? That's my favorite. I hope you do. Good. We're going to have Indians tonight. Delicious. Rosebud, you're talking about living at home versus renting. Go ahead. Yes, sir. So I have one child at college and another is going to be a child in college as well. And I've told both children you live at home. As long as you feel like you can tolerate it and use living at home. Even while you're in school, and once you graduate, you can call a regular employee and adult whole thing. Use living at my house as a tool to mash away all the money that they're going to need to buy a house or get an apartment that's become so. Like you guys were saying, it's become so prohibitively expensive. Yep. That, you know, I'd rather build my kid a year at the backyard. So enough sufficient, you know, funky house or something like that. Yep. And add a live on our property.

12:10So dawn. So darn it. 100% agree. I've told my kid the same thing. Come back, live here. Save your money. Not the Yurt Park. Not the Yurt Park. I can't build a Yurt. I'm not a Yurt person. But I told them you live here. You know, take over my man cave. If you want it, it's yours. You can have it. Mine aren't kicking me out. They're actually there. If I told them today, I've changed my mind. They'd be like. It's real. Oh, yeah. What that being said, moving out on your own for the first time is a great time. It's exciting. It's a lot of fun. You have your own responsibilities. You have your own independence. So you'll enjoy it until the first rent check comes. Rent check comes. Rent bill comes. Says the guy who moved back. Exactly. That's why you moved back. That's why I moved back. But your parents don't want you to leave either. No. I know somebody who has kids, y'all's age. And he's living, he's like 23. He's living at home with them. And they charge them a, him a small amount of rent. Like he has a job. So they charge him like $200, $300 a month. But what they're secretly doing is saving it with a little interest. And then when he moves out, he doesn't know this. He gets it all back. Well, I think that's nice. Mm hmm.

13:10But I really don't think that's good for the, the kid who should be learning how to save money on their own. Well, they feel like here's, you're paying rent. Now again, he doesn't know he's getting it back. Okay. So you have to save yourself and give us rent. But then the big windfall is going to be in two years when he moves out. So hopefully he's also doing saving on his own. Yeah, they're trying to teach him a budget. Okay. Here's, you know, you're going to have to pay a bit of rent. So you got to budget all your money. And so then, but then he doesn't know what he's going to get a gift. Which I thought, okay, and that's pretty cool. Yeah, doing that. Good luck to you. I cannot help you. Biggie said, there's no way I can help you in any way. But I'm here for you to judge. I'm excited to hear it. Yes. Yes. Yes. Yes. Yes. Yes. Yes. Yes. Yes. Yes. Yes.