Evolving with Land Academy (LA 1708)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill K DeWit:

Hi.

Steven Jack Butala:

Welcome to the Land Academy Show, entertaining land investment talk. I'm Stephen Jack patella.

Jill K DeWit:

And I'm Jill DeWit, broadcasting from the valley of the sun.

Steven Jack Butala:

Today, Jill and I talk about evolving with Land Academy.

Jill K DeWit:

Yep.

Steven Jack Butala:

There's so much new stuff that constantly happens in real-time here. Land Academy evolves at the same speed that the internet involves evolves.

Jill K DeWit:

Yes, evolves revolves.

Steven Jack Butala:

Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community, it's free. And don't forget to subscribe on the Land Academy YouTube channel and comment on the shows you like.

Jill K DeWit:

Would you like a drink of my water?

Steven Jack Butala:

No, I'm going to... While you read this question, I'll handle it.

Jill K DeWit:

Okay. Just checking. Here's [falls 00:00:50]. Heard a little tickle there. Troy wrote, "Has there been any discussion here on Russia and Ukraine? If a war happens, and the effects on land sales, could sales increase or decrease? I personally think sales will stay steady." You know, I never thought of tying them together.

Steven Jack Butala:

Well, Jill, you don't have to worry your pretty little head about such things. That's my job.

Jill K DeWit:

That's perfect. Okay. Troy, why? What are you talking about? What do you mean about, "What's going on with Russian Ukraine?" That's what I should have said. Is something wrong?

Steven Jack Butala:

Every once in a while, I have to go into discord. This Russian came from discord and I have to address some of these political things, because this is not the place for politics. And so that was my immediate reaction to this, but it found its way onto the show. So I think it's a very, very good point. And what the, really the question is, what happens to land purchases and sales or what happens to land market-

Jill K DeWit:

If we go to war.

Steven Jack Butala:

When there's a recession, when some stuff in happens. Is it like the stock market? And the answer is no.

Jill K DeWit:

That's a good question.

Steven Jack Butala:

No, it's not.

Jill K DeWit:

Yeah.

Steven Jack Butala:

What would ultimately end up happening, if we find ourselves in a recession, which I don't personally think is going to happen for economic reasons, anytime soon. For political reasons, like this, nobody knows, nobody knows what's going to happen next. I know that there are more, and more, and more, especially in this country, people that standing on the sidelines, waiting for stuff to happen and then buying everything cheaper.

Jill K DeWit:

Right.

Steven Jack Butala:

Specifically with the stock market. And I know that happens last. It happened with us last time with land. So you want to make sure that you're not overpaying for real estate, but that goes... That's any time. So, no. Do I think this is going to have any real negative effect? There's a possibility it might affect things short-term, but I doubt it. It's not like the stock market. When those things happen, you buy for lower and you sell for lower. And when it recovers, like we're in a total real estate bull market right now, you buy for a little bit higher and sell for a little bit higher.

Jill K DeWit:

Thank you for the visual. Oh, is that supposed to be me? That's supposed to be you, isn't it?

Steven Jack Butala:

Hold on.

Jill K DeWit:

Okay.

Steven Jack Butala:

I'm having computer malfunctions.

Jill K DeWit:

Has our script kind of goofed up? I can help.

Steven Jack Butala:

Today's topic: Evolving with Land Academy. This is the meat of the show.

Jill K DeWit:

Yeah. I looked at the script and it was rolling by so fast. I'm like, "Am I missing something? Am I supposed to be talking?" Oh my goodness. All right. Here's what's going on.