From new york, im alix steel along with my cohost i johnson. We were not expecting this week the editorial meeting at 7 00. Guy we are supposed to believe you havent been spending . What is Discretionary Spending in the household . Alix and so discretionary i am under budget. I can show you might spreadsheet and we can go over it together. Guy apparently she has written it down and that tells everything you need to know about alix steel. Everybody else has been spending. Those have been watching the show for a long time a question this. Alix you would be fair to question. I do when out we have been eating out more and the only Services Data we got was eating out which was up. 9 maybe there was that. Guy lets talk about our question of the day. It came after we saw the bank of America Fund Managers survey which pointed to the fact that cash is now at 5. 3 , which they think is a signal. Is there too much money right now in cash . Lets turn to michael first. What do you think . Everybody
Are these them . Yeah, these are the contracts that we have right now, we have seven dierent contracts right now for houses with a profit of about 400,000. 400,000 . 400,000. Youre tearing it up. Youre gonna pass me up one day. [laughs] youre doing great. Now, let me ask you this, cause everybody out theres saying, you know, armando, i got to have money to do this or i have to have credit. What did you learn at my live events . That was one of the best parts of the eventbecause you taught us how to find resources that i never wouldve thought of otherwise, so it really helped us find the money we needed to do the number of houses that we would like to do. How about the marketplace . How do you feel about the economy and the real estate marketplace today . I dont think theres a better time in history to buy property. Right now is when im trying to buy as many as we can, because the profits are out there, and i dont see how you can lose. By following the road map that you put out there fo