hello everyone and welcome to another

episode of selling Greenville your

favorite real estate podcast here in

Greenville South Carolina I'm your host

as always Stan mun realtor right here in

Greenville South Carolina and you can

find all of my contact information Down

Below in the show notes if you need to

reach out to me for any of your real

estate needs here in the Greenville area

or elsewhere I can refer you out to uh

to our relocations department if you're

looking for Real Estate outside of the

Greenville area as well and just a

reminder as always please like rate

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needs all right I am going to I just got

a text message here so I'm going to

silence my phone rookie mistake here

forgetting to do that prior to recording

um but we're here in the month of

December and and I always do in I like

the month of December from the

standpoint of my podcast because there's

a lot of end of year kind of things and

then beginning of year you know as we go

into January things that I like to

discuss with you guys prognosticating

thinking about the future thinking about

what's happening and today I want to

just discuss 10 questions for the future

of real estate that I have right this

has been a

very um let's just say introspective

year for Real Estate right it's caused a

a lot of us to think long and hard about

what does the future actually look like

CU we've had some major major changes in

the real estate world and we're only

seeing the beginning of those changes

right we what we did is we saw the first

domino

fall whether you want to well multiple

first dominoes right we've had um

obviously the the issue of of high

mortgage rates which has been the

dominant story since the middle of 2020

22 um but then we also had the uh

lawsuit that was lost by the National

Association Realtors the C brette

lawsuit um combined with things that the

Department of Justice has been doing to

basically try to in my opinion over

regulate and over litigate the real

estate

industry regardless of whether my take

on that is accurate or not some people

disagree with me that's fine um changes

are coming and and

that was just if people think that the

changes all already happened in 2024 you

are sorely mistaken we're still working

out a ton of stuff and there's still a

ton of stuff left to be worked out here

um and so I just want to discuss 10

questions for the future real estate um

I'm not going to have all the answers to

these questions I'm not going to uh well

the whole reason why I'm I'm wording

this as questions to the future of real

estate is that I don't have the answers

um but these are things that uh

questions that I think you can formulate

in your own mind what you think the

answer should be um I will give some

thoughts on my own as well and uh and

we'll just kind of go from there I put a

lot of thought into this actually I I

changed these 10 questions multiple

different times so hopefully this will

be interesting for you guys as we look

into the future question number one that

I have is Will realtor commissions and

compensation go down right this was uh

when the cister Beret lawsuit was lost

by the National Association of Realtors

and then they came out with the

settlement right uh that we keep hearing

so much

about the settlement uh talked a lot

about realtor compensations as

particularly as it pertained to Buyer

Agents right so the traditional model

was that Buyer Agents were kind of uh

you might consider it subsidized through

the sale of the trans transactions so

the listing brokerage had the entire uh

amount of compensation that both agents

were going to be paid and then the

listing broker the listing agent would

then split usually half of that with the

buyer agent well uh the Department of

Justice doesn't like that they think uh

that there's been price fixing in the

marketplace which is ridiculous we've

talked about that before um there's

there's not ever been any price fixing

in real estate before when it comes to

to commissions uh but regardless um what

the Department of Justice wants they

don't want for uh listing Brokers to be

subsidizing Buyer Agents in any way

shape or form what do they want they

want for either buyers to pay their

Buyer Agents directly or for the sellers

to pay for the buyer agent directly at

least that's what we think at the moment

this is why we're seeing some brokerages

such as my

that are on top of this saying we're no

longer doing what we call uh cooperating

compensation now we are simply saying

compensation for a buyer agent is

negotiable um and then you know when a

buyer's agent brings an offer on a

listing then at that point if

compensation is being offered by the

seller it goes directly from seller to

buyer's agent that's the way my

company's doing it um and so immediately

that that's kind of on a side but

immediately after the settlement came

out all the headlines were and even

President Biden uh went out and in a

very public way discussed this too um a

lot was out there saying that fire agent

commissions were either going down or

just going away right and that

homeowners were suddenly going to find

all these cost savings um and and

suddenly things just got a lot cheaper

um and I you know I all I'm going to do

is speak from my perspective I simply

haven't seen that now I can't speak to

everywhere in the

country but to me it's been business as

usual just like it has in the past with

the one exception being that now we have

to do additional leg work to confirm

whether the seller is willing to

compensate a buyer's agent and then

confirm how much they are compensating

right because it is fully negotiable

they can compensate 0 towards a buyer's

agent and just say you know what the

buyer has to pay for the buyer agent

they have to do that themselves or they

can offer any amount right it doesn't

matter um it could be a percentage it

could be a flat fee it could be bananas

it could be oranges it could be a a used

car whatever whatever you want to

compensate with um they're they're

allowed to do that it is fully

negotiable and um and the Department of

Justice wants the general public to know

that the general public should know that

now what what I've said in the past that

I want to make sure that I'm careful on

is that uh

compensation is is negotiable on the

front end right when you're talking to

when when you're coming up with a

contract including a buyer agency

agreement that's when that discussion

needs to happen after you've already

gone through the whole process and

you're at the end you're about to close

on the home that's not the time to bring

up compensation and try to renegotiate

your your compensation agreement with

the seller or with your

agent um and and I'm not saying you

can't do that and and and just to be

clear on that you absolutely can in the

middle of a contract of any contract try

to renegotiate so don't hear me that I'm

saying that that's not allowed to be

done and I'm not discouraging people

from doing that in in a vacuum um but

just like it is when you go under

contract to purchase real estate right

if I say to a seller I'm going to buy

your house for

$300,000 and then we get through

everything we get to the end of it and

I'm like H actually I'm only going to

offer you

250 um well that's not going to make

anyone happy right you've already gone

through the whole process you've already

gone through your due diligence

appraisal everything everything's worked

out and now you're trying to renegotiate

and that's all that I'm saying is that

sometimes buyers will and and and

consumers will try to will not

understand that the negotiation process

for any of these sorts of things is best

done on the front end rather than in the

middle because once you've agreed to

compensate someone just like if I'm an

employer and I and I have been by the

way um I used to own a frozen yogurt

shop if I told my employees here's what

you're getting paid and then later

wanted them to agree in writing that

they're getting paid less that doesn't

leave a a good taste in anyone's mouth

so that negotiation should be done on

the front end but all of that to be

said um it's all negotiable it's

negotiable the entire way through um

there are some best practices to

consider um and but at the end of the

day Buyer Agents are still getting paid

and I think that they should still be

getting paid an appropriate amount

because otherwise we don't have

full-time Buyer Agents right if they if

they can't get paid a a livable wage

they can't work full-time and if Buyer

Agents can't be full-time I can tell you

what it's like working with the

part-time agents it's awful it's bad

they don't know what they're doing

they're not trained they don't have time

to focus to perfect their craft you know

the past uh two months I have been

in uh 48 hours worth of classes 48 Hours

okay no more than that 56 hours of

classes um and I do that and it's all

real estate oriented and I'm actually

going to a class next week that I'm

really excited about to become a

licensed tour guide in Greenville South

Carolina as well because I handle so

many relocations as well these are the

sorts of things that that that

professional full-time Realtors do we're

constantly pushing the ball forward on

on our education we're constantly

improving our craft but guess what if we

can only operate as part-time agents

because there's just not enough money

out there then we can't do that we end

up focusing on the things that do bring

us money and then we end up not being

very good at real estate and again I've

seen this over and over again from

part-time agents um so the good news is

that um that compensation realtor

compensation

is still pretty much the same um and and

not because of any price fixing it's

just that people understand that

Realtors need to get paid and the

general public is still compensating

their realtors in a way that allows

those agents to make a livable wage if

those agents are

good question number

two will Holmes struggle appraising with

a slowing Market

um you know this is a great question

right and and I saw there's an appraiser

that um I I hope to have an appraiser

soon on on this show but there was an

appraiser that um I was uh seeing on

social media talking about this recently

that you know what the market is slowing

and there are some pockets of of the

greater Greenville area that you can

kind of expect low appraisals to happen

because if you're you know assuming that

a home is worth 5 6 7% more than it

would have been worth last year that

might not be the case anymore we've

already talked about this the rate of

appreciation has slowed

dramatically and there's no guarantee

that that an appraiser is going to look

at a home and say yeah it's worth that

amount um have I had low appraisals this

year yes I have I've had multiple of

them um and I think that that's going to

continue to happen um and um that you

know again there's going to be a

question of how much demand do we get

this year right because uh by every

metric 2024 was a pretty slow year um

and what happens is there's a lag to

that right so what's happening now in in

terms of the market does impact what

will happen 3 to 6 months from now and

from an apprais perspective remember

they're looking back 3 to 6 months

sometimes 9 to 12 months so if things

are really slow now and then appraisers

3 to six months are looking back and

comparing things to when it was really

slow that could be bad for appraisals I

do think low appraisals are coming in

2025 sellers need to be prepared for

that now you're no longer just battling

the market but you're also going to be

battling what the market was like 6 to

12 months ago which could be really bad

in some situations some appraisers that

aren't um up to speed as much as others

on what's going on might put people in a

Double Jeopardy kind of situation um

hopefully that doesn't happen but I do

think that we're going to run into some

uh appraisal struggles in

2025 question number three is clear

cooperation staying or going okay this

is a little baseball uh little inside

baseball for realtors but I'm going to

explain it clear cooperation basically

means that Realtors can't have pocket

listings okay well that's also inside

baseball what does that mean here's what

that means um if I have a seller that

comes to me and say that they want to

they want me to Market their house to

sell as a realtor I have one option and

that is to get them into a written

listing agreement now in South Carolina

we have two ways of doing that right

it's the same listing agreement but you

can either list a home off MLS and in

that case you can only Market it off MLS

specifically within your brokerage is

the primary means of which you're

marketing it so only to other seed and

Joiner agents

what about the other option the other

option is that then you can put on MLS

and this is where clear cooperation

comes into play clear cooperation says

that when you have a public listing you

have to make it public you have to make

it so that everyone can see it you can't

just make a public listing public to

only a handful of people therefore a

listing that's supposed to be advertised

to the entire public must go in the

multiple listing service okay that might

not be the best way to explain it but

that's the way that makes sense in my

brain so even though we do have this

brokerage exclusive option there's not a

whole lot of that's a really small part

of the pie in terms of listings that are

out there like my company at any given

time might have 10 to 15 brokerage

exclusive listings the vast majority of

them are going on the multiple listing

service because most of the time it

makes the most sense for uh sellers to

get the most exposure for their house as

possible and me as a listing agent I

want the most exposure for my listings

as possible um well there's a question

now whether this clear cooperation

policy which dictates that we must put

these listings on the multiple listing

service so that other agents can see

them and so and so their clients can see

them whether that might be going away in

light of all of the changes to the

industry um it's it's very interesting

I've followed this very closely because

because I'm on the the board of

directors for the Greenville Association

Realtors and and so this is the big

topic of of discussion that that impacts

us directly on the board and I have seen

very mixed uh opinions on this from

like-minded people some people think

that clear

cooperation should should go away right

that agents should be able to do

whatever they want with their listings

if a seller comes to them and says I

want you to sell this property they

should have every tool at their disposal

and maybe the MLS there are certain

situations where putting a a home in the

MLS well maybe want another option a

third option I've heard that argument

I've also heard the argument which I

think is more compelling that clear

cooperation uh should remain because if

clear cooperation goes away then

basically you're running the risk for

for a lot of ethical infringements right

you could Market the property for

instance to people only of a certain

skin color um or of a certain uh

religious background things of that

nature um and obviously that creates a a

big problem because this is something

that the real estate industry has worked

really hard to ensure that we don't have

situations where we're excluding a

demographic

uh of the public from being able to

purchase real estate because that's

raw um the other thing is if clear

cooperation goes away what is the most

likely scenario where the most likely

scenario would be that the big

brokerages would Thrive and the tiny

tiny brokerages would get destroyed and

here's why the big brokerages can throw

their weight around and they could just

create their own client portals and just

say you know what right now it's pretty

rare to have what what we call these

brokerage exclusive listings and you

can't put them on your website but if

clear cooperation went away all the

major brokerages could list everything

just on their own websites and now all

of a sudden the public has to go to C

jer's website uh kaw's website cbc's

website uh all these different

brokerages websites to try to find these

listings well guess what if you're XYZ

real estate and you have three agents

with you and between the three agents

there's five listings who's going to go

on that website right now might there be

options for consolidating all of this

yes you know an aggregator like a Zillow

but currently Zillow is pulling from

what we call idx feeds which they're

pulling data directly from the MLS they

don't have the capability to pull

directly from websites so that would

create a like individual brokerage

websites that would create a whole can

of worms and like I said the the

brokerages that would absolutely benefit

benefit from Clear cooperation going

away are the big ones um and so there's

going to be a lot of Kicking and

Screaming from the tiny brokerages if

clear cooperation goes away at least the

ones that understand what they're what

they're doing um it's a big problem for

them I tend to think it's going to stay

um but uh this is one that I really

don't know because like I said I have

seen some very different opinions on

this and it's unclear what the

Department of Justice wants the

Department of Justice probably would

like it to go away

um but then they also don't want all the

downsides of it going away they they

want to have their cake and eat it too

which um they have done this whole

time um and uh and they can't obviously

so that'll be an interesting one to

monitor we'll see what happens in 2025

we should we should get some answers in

2025 with regard to that what about I I

mentioned multiple listing service what

will happen to multip listing surfaces a

lot of people don't really understand

how this works in fact I listen to one

of my favorite podcasts is called odd

lots great uh podcast done by uh Joe

weisenberg and um uh Tracy Alay um I

believe is the other uh is the other

co-host on

there um with

Bloomberg and um they do a a great job

just talking about all sorts of

different things with the economy but

one of their worst episodes was one

where they talked about uh the multiple

listing service and how that works

because multiple listing services are

local in Greenville in the greater

Greenville area we have multiple of them

we've got a Western Upstate one which is

kind of Anderson county is Pickins

county is um we've got the greater

Greenville uh Association of Realtors

has its own MLS sparenberg Association

has their own Greenwood Association has

their own and there there are others

that aren't too far away as well so we

have several mls's now Greenville is by

far the biggest in this area um but um

but we have a lot of different multiple

listing services so so if you've got an

agent that is is based out of sparenberg

and they don't want to pay for

Greenville they're just going to use the

spart andberg MLS and those that are

searching in the Greenville MLS might

not see they might miss what's happening

in Spartenburg

um and so right now there's a big

question of whether mls's as part of all

of these changes are going to be opening

up to non-members or perhaps even

secondary members right so one of the

biggest benefits of being a realtor

right now now is that you have as a

realtor direct access to the MLS which

is a super powerful tool all this

historical data running comps all sorts

of different things you can do to it

well we're already seeing some mls's

making a second tier in order to try to

make sure that they don't run into

trouble with the Department of Justice

creating a second tier of membership

that allows for non- realtors non

appraisers to be able to join the

multiple listing service is that going

to happen in Greenville I don't know

I've not heard Rumblings of that up to

this point so don't take this as me

spreading a rumor I'm just saying I've

heard that other mls's are doing it I

have no idea if that's going to happen

in Greenville or not what about realtor

associations are they going to go away

um will we see realtor associations and

or multiple listing services merge or

get bought out again I don't know if any

of that is going to happen usually the

way this the way it works is the Realtor

Association and the MLS are two distinct

uh organizations that have some overlap

so in Greenville the greater Greenville

Association of Realtors is a nonprofit

organization and the multiple listing

service is a for-profit company that's

owned by the Association of Realtors

right so that's the the structure and

that's a pretty common structure when it

comes to uh to mls's well might we find

that some mls's want to get out of the

game smaller ones and want to get and or

perhaps need too maybe they owe money

who knows what there's a whole lot of

stuff going on behind the scenes and

maybe they need to to merge or get

bought out by a larger MLS um if that

were to happen locally I can assure you

that Greenville will not be the one

getting bought out that much I can tell

you now I don't I've not looked at the

financials for these other mls's I don't

know what spart andberg or western

upsate or Greenwood or or any of these

others I I don't know what all is going

on in in their finances um and I'm not

going to cre a rumor that that any of

them might be interested in being bought

out or merging or anything like that I'm

just saying that is certainly a a

possibility moving forward because we're

seeing that in some other markets would

it shock me if it came to to the market

here no it would not question number

five what will happen with the pent up

demand in the market I saw a really

interesting um uh thing from Freddy Mack

recently that they said that

unaffordability basically the

combination of High real estate prices

along with the high mortgage mortgage

rates that we have right now have caused

around 1 million new home formations to

not happen now this is Freddy Mack this

isn't this isn't a National Association

of Realtors right some people uh don't

like the statistics that the N comes out

with because uh it always seems

optimistic it always seems like the The

Best Is Yet To Come but no this is from

Freddy Mack okay and they are not known

to be you know overly or irrationally

optimistic um um but a number like this

makes you think that maybe the F maybe

the best is yet to come right a million

new home formations haven't happened the

past several years due to

unaffordability in other words a million

households worth of people in the United

States right now are currently living

with friends or relatives until they can

afford either to rent or buy a home on

their own that's a lot of people right I

mean a million formations you have to

think that that's probably between 2 to

four million individuals uh a million

home form household

formations so that's pent up Demand

right that's people nobody wants to live

with their friends or relatives everyone

wants to have their own place um and so

what's going to happen with all of that

pent up demand and I really have no idea

at some point that demand has to enter

the marketplace you think but will

people will will you know 20 somethings

currently living with their parents

continue to live with their parents

until you know maybe their parents just

let them have that house later on maybe

their parents have multiple homes and

their parents decide you know what we'll

we'll stay at the lake house you can

have our house um if that were the case

then that demand will never enter the

marketplace or will things get more

affordable probably not so much on the

the price side of things but on the

mortgage rates side of things and now

some of that demand gets Unleashed will

it be Unleashed like a dam

breaking uh or will it be released like

a trickle again these are questions that

we don't know but these are big big

questions going into the year um and

there's a lot of optimism I'm seeing a

lot of optimism for 2025 um hopefully

it's not misplaced um I think some of

that is partisan optimism right people

that are optimistic right now because

there's a new president coming in uh

into the White House in

January um I am I that is not a source

of optimism for me personally not

because I'm inherently anti this

candidate or anti that candidate or Pro

this candidate Pro that candidate if you

listen to the show you know that I just

don't think that the president has as

much impact on these things as other

people do um so this will be very

interesting to watch and just see okay

we've got a ton of pent up demand is it

going to enter the marketplace and win

question number six will the housing

market receive stimulus in 2025 and or

2026 this is obviously a huge question

um I I've thought about this a lot and I

I really don't know my hunch is that if

the housing market rebounds in a

meaningful way in spring or summer of

2025 that we will avoid any sort of uh

stimulus being you know thrown at the

real estate market but if it doesn't and

if 2025 ends up being a down year like

2024 and 2023 have been for Real Estate

I absolutely could see stimulus coming

in either this year or probably more

likely

2026 um really the question I think is

going to be whether the housing market

is a drag to the economy as a whole

because we know for a fact that Trump

is really layser focus on the economy

doesn't mean that he will have good

ideas for the economy but he is focused

on it he's very focused on how people

feel about the economy as well so right

now people feel great right crypto's up

stock market's up um you know real

estate is is not inherently up but there

is more optimism for it there's a bunch

of data that just came out uh this week

optimis ISM for uh from small businesses

for 2025 from Mega corporations for 2025

so there's a lot of optimism right now

but this happens after every

presidential election so I don't think

that anyone should draw major

conclusions for that from that if that

optimism starts to WAN and it will and

if it starts to Wayne big time that's

when I think we could start to see some

uh some government measures come in and

Trump the the thing that makes me think

that probably a simul wouldn't happen

until 2020 uh 2026 more likely if not

maybe end of

2025 um but but probably more like 2026

that wasn't something that Trump really

ran on when it come when it came to the

housing market um and of course he's

going to have to there's going to be a

lot of pushing and pulling and

navigating when it comes to Trump's

relationship with the Federal Reserve so

I think he's going to be pretty focused

on that at first pretty focused on a lot

of other things and then I think perhaps

you know if the housing market hasn't

rebounded by 2026 I think at that point

it's very likely that we would see the

president get

involved number seven will Realtors drop

out and find other

work okay this is this is a big question

uh in in uh from a lot of different

people and and a question from a lot of

different angles

right Realtors I've already said it it's

hard to to operate in this market right

now um and a lot of Agents right now are

struggling to find work I've talked to

some recently that haven't had closings

in months and when that happens they

drop out and they find other work but I

also am looking at the membership roles

in the greater Greenville Association of

Realtors and membership is staying

steady you know we're replacing people

that are dropping out um and so we're

not seeing any sort of mass drop out or

mass uh decrease in realtor membership

right now and so this a big question a

big question that I have um and a lot of

Realtors too are still kind of holding

on to their license just in case you

know okay maybe things get better maybe

with this new Trump Administration maybe

things will get better there's there's a

lot of that sort of thing happening but

if 2025 is bad for realtors

um I I could absolutely see a lot of

Realtors dropping out and membership

going way down um if things improve

you'll see you'll see a lot of Realtors

re-entering the market

again number eight pivoting to local

government here we talked a lot about

the president but uh let's talk about

County Council for a second Will County

council do what is necessary to continue

improving Greenville and making housing

more affordable that's a big question

right we've got a brand new County

Council

basically uh right now we're going to

have essentially a split half and half

six quote unquote establishment County

Council people you know the old guard

and six that are relatively new several

that are brand new and so uh it's a big

question of what is the County Council

going to do right the biggest

Improvement that needs to happen is to

the roads in Greenville

County well uh unfortunately and to me

now people disagreed with me on this um

and and I'm not going to rehash it again

you can go back and listen to previous

episodes if you want to hear me discuss

this um but um we had the possibility

for a penny sales tax to be passed and

it just barely failed barely failed um

and had that been passed then a lot of

Roads would have uh would have been

repaired in Greenville people think that

that the money would have gone towards

other things it wouldn't have gone

towards other things that was a that was

a misinformation campaign spread by a

handful of of uh of bad faith parties um

so what will County council do to now

that that money isn't there what what

are they going to do to improve the

roads in Greenville I'm not sure I have

no idea uh what their plan is they well

they don't have a plan at the moment um

and so I would say in 2025 there's not

going to be any major improvements to

Greenville County that stem from the

County Council it's going to be up to

the private sector

this County Council they're going to

have this whole 66 uh split thing and

and it might even you know they might

even be able to to turn it into an uh a

7 to five split with the new guard being

able to to bring some people from the

old guard over into their

agenda and if that happens um they're

basically hyper hyper anti-tax and

basically let's just keep things the

same and and just try to minimize

people's tax

bills listen I'm a big fan of

conservative fiscal approaches to to the

government but that doesn't fix roads

right um that doesn't improve the county

um and guess what private entities

aren't allowed to do it either you say

well you know in the libertarian dream

private entities do that yeah but we're

not in the libertarian dream private

entities can't go out and fix roads

that's illegal for them to do um and so

it has to be done on the County city or

state level and at the moment all the

signals are that it's not going to be

done um what about making housing more

affordable that one I can tell you

almost uh assuredly County Council is

not going to do anything to make housing

more affordable as it is last this past

year they increased property taxes on us

um which was a a bait and switch that

honestly resulted in some people uh

getting voted

out some longtime County Council people

got voted out because of that tax

increase I didn't like the TA the

property tax increase I was against that

um and you guys can go back and listen

when I talked about that because that

was a a bait and switch they said well

because of inflation we need to increase

property taxes there's already a

mechanism in the property tax code for

uh for inflation and that's that they

can reassess the value of real estate

every every so many years and after

uh different circumstances that happen

such as a transfer such as a sale um and

so they basically said no no no we need

another inflation measure to bring in

more taxes um now I've heard that the

some of the newer people in County

Council want to repeal that which I

would actually be in favor of that but

but

again what people want like the county

to be improved um and that costs money

it costs money to to do

projects and so um you know right now

the County Council seems pretty focused

on paying for more parks and things like

that is that really the need right now

like Everyone Loves Parks but do we need

more Parks we've got quite a few parks

in in Greenville County I mean that's

that's not a struggle that we have um

and so uh so I have a lot of questions

for what County Council is going to do

as you can probably tell I'm not super

optimistic

um but we'll let we'll let them operate

you know we'll see what 2025 brings

we'll see if These two factions now in

our Council can play in the sandbox

together and let's see what happens uh

number nine will there be any more core

changes to the core paperwork SLC

contracts that we use in our local real

estate market we've had a lot of changes

the past year as a result of all these

changes that have happened changes to

the core paperwork that's always a huge

impact on Realtors and on the public

right because we all have to learn all

this new paperwork all this new language

um and so

um so there's I have questions for that

and I I think the short answer is that

yes there's going to be more changes

coming we know that there's going to be

more changes coming it's just a matter

of how systemic these changes are going

to be um I think that they're probably

going to be you know on a scale of 1 to

10 with 10 being like scrap the contract

you have it's going to be completely

Rewritten and one being like just

changing a sentence or two I think it's

probably going to be like a three it's

probably going to be some minor changes

here and there and then some that are a

little bit more substantial but nothing

that's going to reinvent the

wheel last but not least number 10 will

developers keep developing at the pace

that they have um a lot of people don't

realize that development in Greenville

County is actually slower than it is in

most of the southeast uh Greenville is

not growing uh in residential units to

the extent that other areas that are

that have the population growth that we

have are growing so um so we actually do

we're underbuilding a lot of people

don't want to hear that but we are

underbuilding currently um and I think

that that's going to get worse I think

there's going to be increased

underbuilding because it's becoming

increasingly more and more difficult to

get uh County approval permitting and

all of that that's that's necessary for

building subdivisions for building

apartments developments all of that um

and so I don't think developers are

going to be able to keep the pace I

think things are going to slow down a

lot and that's going to cause home

prices to go up and uh and if you know

you have to you can't have it both ways

right this is another one of these uh

both ways conversations people want

prices to go down but they also want

building uh and development to stop um

another another thing that drives me

crazy people want commercial development

but they don't want residential well

commercial development means jobs for

people right if you build commercial

You're Building offices You're Building

retail you're You're Building um

restaurants things of that nature uh

people want all that but then the people

that come in to work those jobs don't

have a place to live and people don't

want uh the developers to build places

for for those workers to live so so

that's a problem and I don't see that

problem getting better I see that

problem getting worse uh because there

is such a strong nimi not in my backyard

influence in Greenville County right now

um and that was reflected and who was

voted into County Council this past year

and so I I think the developers are

going to have to really uh it's it's

going to it's going to get to a point

where they're going to really really

tone down uh and and Curt tail how much

development that they've been doing and

personally I don't think that that's a

positive for for most people in real

estate it's a positive if you're if you

own real estate right you're real estate

values are likely to go up as as a

result of this but it's not good for

Greenville as a whole um so hopefully

the County Council will be able to get

there act together and figure out the

best way to handle all of these

challenges so those are my 10 questions

let me know if you guys have any of your

own questions um if you have any

thoughts feedback on any of that you can

always uh shoot me a text email whatever

my contact information is in the show

notes leave a comment on

YouTube um leave a rating or review I

appreciate all of those things from you

guys and please reach out to Piper

insurance for a free insurance quote

today and we will talk again next time