Was a microcosm of america, and now vegas is back. [ woman vocalizing ] 5. 5 Million People bought a home last year in america, and more than 2 million of them share one critical thing in common they have never done it before. So how do you take on something so huge if youve never done it before . Well, we decided to tag along as a firsttime homebuyer went shopping. This is gino. Hes a pilot looking for a threebedroom starter home near a major airport. Kathryn is his realtor. Shell be helping him every step of the way. Representing the seller is geoff. Kathryns already shown him two homes. Next up is a threebedroom, 1,900 squarefoot home in henderson, nevada. Gino, the home were gonna look at now is a home that was built in 2000. Its right around the Square Footage that you were looking for threebedroom, twostory home. I think youll really like the backyard, as well, so should we go take a look inside . All right, lets go. Great. Come on in. Thank you. The nice thing about this house,
Assume if you promulgate a rule thats more protective of down seemers than a state has made that you deem that state to not be adequately protecting consumers. Mr. Corcray we wont seek to occupy by the field in that way. What we will do, if there is a federal intervention, and this is not determined, that will coexist with state regulation and authorities. Mr. Mulvaney lets be clear and honest. You do intend to preempt state aw in certain areas. Mr. Cordray i dont think we preempt state law. What will happen mr. Mulvaney in a letter of february 11, 2016, to my ffice. I asked about this particular issue. You said among the bureaus goals is to ensure consumers are offered certain minimal protections no matter where they are located. State laws that afford greater protection would not be preempted by a Bureau Regulation on small dollar lending. The obvious implication to anyone who speaks the english language is states who offer less protection will be preempted. Mr. Cordray what i would
If you buy a home today in america, theres a oneinfive chance that you will end up living under rules imposed by what we call a board of directors, usually elected by you, the local resident. This board has very broad powers, and based on certain guidelines, well, they dictate just about everything in the community from the color scheme, how many cars can be in the driveway, how high your grass can be. And a lot of states . Guess what, guys . They have the power to take your home if you dont make your monthly dues payments and assessments. Very, very important to understand this. In some cases, people really enjoy homeowners associations. Why . Because they protect them. In other cases, i must tell you, they are a nightmare. They can be totalitarian regimes, but most totalitarian regimes, while they have their downsides, they also can be clean and orderly. This is karen and james. They bought a home in an hoamanaged neighborhood and one day found themselves in the middle of a major bat
If you buy a home today in america, theres a oneinfive chance that you will end up living under rules imposed by what we call a board of directors, usually elected by you, the local resident. This board has very broad powers, and based on certain guidelines, well, they dictate just about everything in the community from the color scheme, how many cars can be in the driveway, how high your grass can be. And a lot of states . Guess what, guys . They have the power to take your home if you dont make your monthly dues payments and assessments. Very, very important to understand this. In some cases, people really enjoy homeowners associations. Why . Because they protect them. In other cases, i must tell you, they are a nightmare. They can be totalitarian regimes, but most totalitarian regimes, while they have their downsides, they also can be clean and orderly. This is karen and james. They bought a home in an hoamanaged neighborhood and one day found themselves in the middle of a major bat
Im bob massi, the property man. Celebrities and entertainers from all over the world come to las vegas to have a good time. And in addition to that, many of them, they actually buy real estate as an investment and also second homes. Our own ed henry, White House Correspondent for fox news, he actually bought a home. And he bought it at an auction. When did you first come to las vegas . I came here with john kerry in the 2004 campaign. I was the low man on the totem pole, so i had to do the really early live shots, like 6 00 a. M. Eastern time, which you know better than anyone is 3 00 a. M. Here. And i just got the bug. I thought, oh, vegas is really fun. And then my wife had never been here. Next thing you know, we were coming here every couple months. And that was back in 07, which is actually whenever things started slowly the economy was rocking here. It was. And you could feel it was starting to change. It was. I mean, you know, 04, 05 is when all the homes were being built. I rem