Name: Tim Dillon on Economic Migration and the Real Estate Market
Uploaded: 2023-12-20T18:37:27.000Z
Description: Watch the stand-up comedy video 'Tim Dillon on Economic Migration and the Real Estate Market' from PowerfulJRE on Comedy Buff. Published 2023-12-20. Transcript available.

Watch the stand-up comedy video 'Tim Dillon on Economic Migration and the Real Estate Market' from PowerfulJRE on Comedy Buff. Published 2023-12-20. Transcript available.

- The Joe Rogan Experience.
- Here's the thing, and I know this is gonna sound horrible
because I think even if Jesus were to come back,
he would even say, "Enough with the refugees."
Like, I think, you know, we gotta not fuck up
the whole world and then take them all in.
Like this writer Steve Saylor said, he had a great quote,
"Invade the world, invite the world."
Can't do it.
We can't go around fucking everything up
and then all these people show up and we go,
"Well, we owe them."
Like, "Oh, I don't owe, I didn't do it.
"I didn't bomb them."
"Well, your tax dollars."
It's like, we have to stop letting people destabilize
all these countries and then let them in.
We have floods of refugees in Europe.
- Why do you think the refugees are coming in
from the southern border like they are?
Why do you think they're allowing that to happen?
- It's economic migration and the reason is that
a lot of these business owners and rich people
benefit from cheap labor.
They want gardeners, they want nannies, they want chefs,
they want people doing their nails, they want,
if you own--
- Do you think they've thought of that?
- Of course.
- Let's let them in so they can do our nails?
- Of course.
They don't want to pay American wages.
If you can hire someone, $3 an hour or whatever it is,
off the books, illegal labor.
You know how many construction projects go up with illegal labor?
You know how many of these construction projects in Miami?
They're building like 20 new towers in Miami with floating bathtubs
for Bitcoin criminals and God only knows the Pole Brothers and God bless
everybody.
I like them.
But they're building all these big, big towers in Miami.
How's that?
I'm not doing it.
It's illegal labor.
- Is it really?
- Oh yeah!
Now DeSantis shut that down and all the construction projects are grinding to a
halt
because there's a lot of illegal labor being used in putting up certain
buildings.
- Really?
- Oh yeah!
Oh yeah!
- Wow!
- This is a huge part--
This is what--
Or we're to believe that the people living in Greenwich, Connecticut, love El
Salvadorians.
- It's one of the two.
It's one of the two.
It's either that they're benefiting financially from it or there's a housewife
in Greenwich
going, "You know, I'd love an Arepa."
- New Florida immigration rules start to strain some businesses.
Some employers say they were losing workers because of the new law, which is
championed by Governor Ron DeSantis.
- And look at this photo.
- A dude roofing a house.
- This is--
- Building a house.
- We have this massive housing boom that was enabled not only by the low
interest rates,
but by--
You have to have people to build these houses.
- Ahh.
- What do you think D.H. Horton, all these companies like?
They don't admit to it.
- So, how do you mitigate that?
So, you think that's literally why they're letting everyone in?
You don't think it has anything to do with voting?
- Yes, it has a lot to do with voting.
- It has to do with--
- It has to do with allow people to register to vote.
- Certain demographics are better for the Democrat Party, and we know that.
However, Republicans up until recently didn't care that much because they
thought they could turn
Latinos Republican.
And some of them will.
Some of Latinos are Catholics and they go,
"We don't want to do gender monopoly and gender musical chairs or whatever
games they're playing
over there.
We're going to stick with."
And a lot of Latinos don't vote.
So, you have a large percentage of people that don't subscribe to the political
systems bullshit.
Who cares?
- Well, also, you have the Biden administration sending people back.
- That's right.
- From Venezuela.
- Yeah.
- The Venezuela people who escaped the communist government.
- Yeah.
- They were vote Republican.
- Yeah.
- Like, get out of here.
- You gotta go.
So, they don't want to let more Cubans in from Miami.
- No.
- They don't want to let more Cubans in.
No.
- No.
- No.
- But I think the economic interests of these people are,
we can bring in people that will do the work for nothing.
- Yeah.
- The Tyson chicken raid.
This was the big thing.
The immigration, the raid that whatever ICE or whoever did on the Tyson chicken
factory.
This is a big story during Trump's term.
They raided that.
African-American unemployment dried up in the months after that because the
Tyson chicken factory
had to hire Americans.
So, when these companies are forced to hire Americans and pay American wages,
they do.
- Right.
- But until they're forced to do that, they're going to rely on largely illegal,
unregulated labor.
- Mmm.
- And that's in their personal lives and private lives.
So, if you can hire a landscaping company to come to your Hamptons house, or
your house in Bel Air,
or Greenwich, or here, wherever, it's beautiful places here.
- But it seems like such an insane strategy to just keep the border open.
It seems like such a fucking dangerous move.
Chicken plants lured them, feds jailed them, how Mississippi's immigration
crisis unfolded.
Oh, the chicken factories.
Undocumented workers were once considered an acceptable part of our economy.
Now they are demonized.
Interesting.
Hmm.
- And again, I'm not saying like this is a great thing to do these raids, and
obviously there's
human costs, but what tends to happen when you lose illegal labor, you have to
hire Americans,
and they don't want to do that.
Why is the Chamber of Commerce pro-immigration?
Why are the Koch brothers open borders advocates?
Is it because David Koch loves people from Central America, or is it because he
wants to drive down
the cost of wages?
He believes in a market rate, and a market rate is, hey, anyone will do it.
This is the problem with kind of that libertarian type of philosophy.
It just doesn't work if you import the third world to America.
Right.
That doesn't really work, because then you're setting wages.
People on Park Avenue in Manhattan go, yeah, yeah, yeah, what does that guy
want?
Four dollars?
Let's find someone to do it for $2.50.
So is this idea to try to compete with other countries that do this, like China?
It's, that is one of the ideas.
The other idea is to get a ninth sailboat.
Yeah.
It's people that go, what are, where are our profits?
How can we maximize, maximize these profits?
What's the bottleneck?
How can we maximize?
How can we put up, how can we put up a hundred houses for, you know, just the
material cost
and a minute labor cost?
Hmm.
And what do you think about, there's, there's a real, I think there's a bill
that just got
brought up where they're trying to stop these companies from buying up, uh,
houses.
Yeah.
BlackRock and all those guys.
And they're trying to stop them from doing that because they think that they're
controlling
the housing market.
Yeah.
It's pricing single family homes.
These are the big problem.
The big problem is single family homes.
That's what it is.
Hedge funds have invaded the housing market.
A new bill would ban them.
A sweeping new bill introduced in Congress would essentially ban hedge funds
and private
equity firms from buying single family homes.
There you go.
This is interesting.
Yeah.
This price is out a lot of people.
Do you think they're going to vote on this?
This is, this seems, this seems like one that's going to be very interesting to
see how they
vote.
Well, it's going to be interesting.
Bill, which was introduced both the U S Senate and the U S House of
Representatives
on Thursday would over a 10 year period require hedge funds and large
institutional
investors to completely divest from single family home ownership.
Called the end hedge fund control of American homes
act.
The bill would require large funds to sell off 10% of their homes each year
over a decade.
Well, basically what they want to do is create a nation of renters.
How do you feel about this though?
Yeah.
How do you feel about a ban?
Well, there's a lot of people that own those houses that are not going to be
happy with a
ban because they want black rock coming in and giving them more money than the
house is worth.
How much more did it give them?
They can give them, you know, 30% above really, which is money.
And then they just lease those homes out and they lease them out.
It's part of this idea that homeownership and automobile ownership and all of
these things,
um, you know, eventually are going to be replaced by more effect.
You know,
Whitney Webb is somebody I've had on my show and she she's wild.
She's wild.
And she, but she's, she's, she knows your stuff.
You know, Patrick bet David had her on and she's, when she came on my show,
she made a lot of great points about these legacy systems that people want to
get rid of.
And they go rent a house, uh, you know, use Uber, Lyft, whatever, you know,
you don't need to own.
What does owning do for you?
That's that famous article.
You'll own nothing and be happy.
Right.
Um, so I think the ban would sort of put the brakes on that.
I guess the problem is a lot of these companies find ways around these bands.
You got to remember, these are the smartest people in America that become,
and I don't mean smart, like contemplative intellectuals.
I mean, shrewd, effective sociopaths.
They're really adept.
When I say smart, I don't want people going, you think that.
I don't mean that.
I mean, they're very effective at gaming the system.
They're 10 steps ahead of all these laws that are being passed.
I'm not saying it's a bad thing to pass the laws,
but like a lot of these people are already anticipating that and then how to
get around it.
I'm fascinated to see how that bill does.
Yeah.
Because it seems like they would put extraordinary pressure
to make sure that that bill does not get passed.
They're not going to allow that bill to get passed.
It seems like you're going to find out who's on board and who's not on board.
Again, when RFK came on my show and called out BlackRock Vanguard,
I know we did it on your show too, BlackRock Vanguard and State Street
as these companies that own everything.
You know, I got a lot of messages from a lot of financial people going,
well, everybody's portfolio is tied up in that.
This is part of the whole issue with everything.
Right.
It's the Thomas Sowell thing.
There's no solutions.
There's only tradeoffs.
It's hard to get honest at this deep in the scam that is our financial system.
It's like hard.
Any deleveraging, any winding down of the military industrial complex,
all of this will have ramifications in our society financially for people
across the board.
Anything you want to, I'm not saying you shouldn't attempt to do it,
but like anything like this, like you go, I don't like illegal immigration.
It's like, okay, your house is more money now.
Oh, they go, okay.
I don't want Chinese people buying real estate.
Okay.
Well, maybe, and that, you know, maybe the, you know, real estate industry is
going to take a hit,
not only realtors, but people that work in that business.
Like property managers, interior designers, architects, people that stage homes,
appraiser,
whatever it is, people might take a hit.
This is part of the issue of where we're at now.
You ban BlackRock and all those things from getting in there.
That's fine.
And then, you know, people, people will take a hit financially, uh, with their
portfolios.
But do you think that they, how many people have to vote yes on this?
Like how many people are involved in this, this decision?
Well, it would have to pass two houses of Congress and then get signed into law
by the president.
Now that seems very unlikely.
It's wild.
Seems very unlikely because BlackRock will have a great argument as to why they're
helping people.
They'll get out there and they'll be like, hey man, we're here.
And we're buying these fucking houses.
And the people that we're buying them from love us.
The boomers love BlackRock.
The boomers will get on a BlackRock cruise with BlackRock shirts.
The boomers, because one of the problems in the American real estate market
is boomers will not sell their houses for anything under a $1.6 million profit.
They just won't.
They won't because they like to lord them.
They like to lord around them.
They like to make their kids feel guilty.
They like to go, you could never afford it.
They like to tell you how cheap the house was when they bought it.
And then this is every, every Thanksgiving or Christmas, somebody will go pick
this up for
200 grand.
Now it's worth one eight.
And then it's their millennial kids are sitting there saddled with student loan
debt.
And the boomers are big.
It's their last fuck you before they leave the planet.
Yeah.
They're a spiteful generation of monsters.
I respect it.
But their last fuck you before they leave the planet is instead of selling
their houses for,
I don't know, a $900,000 profit, they just won't put them on the market.
Some boomers, which is hilarious that we read the articles on my show.
They're actually retiring to bigger houses.
They're, they're sizing up.
It's sick.
It's like insane.
And so that becomes an issue too of like, you know, it used to be like you
would, you would,
you would have a house.
The kids would move.
You'd stay in it probably for another 10 or 20 years.
And then you'd get a condo and you'd go, I'm out.
Fuck do I want to mow lawn for?
Now the boomers are going, this is the only thing we have that makes us truly
valuable in
society is that we own this like a McMansion and we're not giving this up.
We are tax paying citizens and we are not giving this up.
And our kids are going to come here every year and they're going to suffer
through
the size of our house with nine empty bedrooms while they live in a two bedroom
apartment.
And we're going to, we're going to chastise them for their decisions and their
choices.
And the McMansion defines you and your car that you drive up to them.
That's right.
All that defines you.
Where are you vacationing?
That's right.
Where are you going?
That's right.
And they're going to go.
They're going to go.
They're going to go because they all bought those houses for very little money
and they are going to hold them over everybody's houses until they are found
dead in them.
They will not leave those houses until they are taken out in an ambulance.
The boomer, the most important thing for the boomer is to be right.
And that's their main thing.
They're not a soulful group.
They've been around forever, but they've attained very little wisdom.
It's actually kind of impressive.
They're the most American generation of people that have ever lived.
They are deeply selfish, self-aggrandizing, paranoid, you know, delusional.
But one of the things that makes them right is what they have.
They go, well, how can I be wrong?
Look at this fucking house.
Look where we're sitting.
I've got 13 foot ceilings.
Don't tell me you know about Gaza.
You don't.

Tim Dillon on Economic Migration and the Real Estate Market

- The Joe Rogan Experience.
- Here's the thing, and I know this is gonna sound horrible
because I think even if Jesus were to come back,
he would even say, "Enough with the refugees."
Like, I think, you know, we gotta not fuck up
the whole world and then take them all in.
Like this writer Steve Saylor said, he had a great quote,
"Invade the world, invite the world."
Can't do it.
We can't go around fucking everything up
and then all these people show up and we go,
"Well, we owe them."
Like, "Oh, I don't owe, I didn't do it.
"I didn't bomb them."
"Well, your tax dollars."
It's like, we have to stop letting people destabilize
all these countries and then let them in.
We have floods of refugees in Europe.
- Why do you think the refugees are coming in
from the southern border like they are?
Why do you think they're allowing that to happen?
- It's economic migration and the reason is that
a lot of these business owners and rich people
benefit from cheap labor.
They want gardeners, they want nannies, they want chefs,
they want people doing their nails, they want,
if you own--
- Do you think they've thought of that?
- Of course.
- Let's let them in so they can do our nails?
- Of course.
They don't want to pay American wages.
If you can hire someone, $3 an hour or whatever it is,
off the books, illegal labor.
You know how many construction projects go up with illegal labor?
You know how many of these construction projects in Miami?
They're building like 20 new towers in Miami with floating bathtubs
for Bitcoin criminals and God only knows the Pole Brothers and God bless
everybody.
I like them.
But they're building all these big, big towers in Miami.
How's that?
I'm not doing it.
It's illegal labor.
- Is it really?
- Oh yeah!
Now DeSantis shut that down and all the construction projects are grinding to a
halt
because there's a lot of illegal labor being used in putting up certain
buildings.
- Really?
- Oh yeah!
Oh yeah!
- Wow!
- This is a huge part--
This is what--
Or we're to believe that the people living in Greenwich, Connecticut, love El
Salvadorians.
- It's one of the two.
It's one of the two.
It's either that they're benefiting financially from it or there's a housewife
in Greenwich
going, "You know, I'd love an Arepa."
- New Florida immigration rules start to strain some businesses.
Some employers say they were losing workers because of the new law, which is
championed by Governor Ron DeSantis.
- And look at this photo.
- A dude roofing a house.
- This is--
- Building a house.
- We have this massive housing boom that was enabled not only by the low
interest rates,
but by--
You have to have people to build these houses.
- Ahh.
- What do you think D.H. Horton, all these companies like?
They don't admit to it.
- So, how do you mitigate that?
So, you think that's literally why they're letting everyone in?
You don't think it has anything to do with voting?
- Yes, it has a lot to do with voting.
- It has to do with--
- It has to do with allow people to register to vote.
- Certain demographics are better for the Democrat Party, and we know that.
However, Republicans up until recently didn't care that much because they
thought they could turn
Latinos Republican.
And some of them will.
Some of Latinos are Catholics and they go,
"We don't want to do gender monopoly and gender musical chairs or whatever
games they're playing
over there.
We're going to stick with."
And a lot of Latinos don't vote.
So, you have a large percentage of people that don't subscribe to the political
systems bullshit.
Who cares?
- Well, also, you have the Biden administration sending people back.
- That's right.
- From Venezuela.
- Yeah.
- The Venezuela people who escaped the communist government.
- Yeah.
- They were vote Republican.
- Yeah.
- Like, get out of here.
- You gotta go.
So, they don't want to let more Cubans in from Miami.
- No.
- They don't want to let more Cubans in.
No.
- No.
- No.
- But I think the economic interests of these people are,
we can bring in people that will do the work for nothing.
- Yeah.
- The Tyson chicken raid.
This was the big thing.
The immigration, the raid that whatever ICE or whoever did on the Tyson chicken
factory.
This is a big story during Trump's term.
They raided that.
African-American unemployment dried up in the months after that because the
Tyson chicken factory
had to hire Americans.
So, when these companies are forced to hire Americans and pay American wages,
they do.
- Right.
- But until they're forced to do that, they're going to rely on largely illegal,
unregulated labor.
- Mmm.
- And that's in their personal lives and private lives.
So, if you can hire a landscaping company to come to your Hamptons house, or
your house in Bel Air,
or Greenwich, or here, wherever, it's beautiful places here.
- But it seems like such an insane strategy to just keep the border open.
It seems like such a fucking dangerous move.
Chicken plants lured them, feds jailed them, how Mississippi's immigration
crisis unfolded.
Oh, the chicken factories.
Undocumented workers were once considered an acceptable part of our economy.
Now they are demonized.
Interesting.
Hmm.
- And again, I'm not saying like this is a great thing to do these raids, and
obviously there's
human costs, but what tends to happen when you lose illegal labor, you have to
hire Americans,
and they don't want to do that.
Why is the Chamber of Commerce pro-immigration?
Why are the Koch brothers open borders advocates?
Is it because David Koch loves people from Central America, or is it because he
wants to drive down
the cost of wages?
He believes in a market rate, and a market rate is, hey, anyone will do it.
This is the problem with kind of that libertarian type of philosophy.
It just doesn't work if you import the third world to America.
Right.
That doesn't really work, because then you're setting wages.
People on Park Avenue in Manhattan go, yeah, yeah, yeah, what does that guy
want?
Four dollars?
Let's find someone to do it for $2.50.
So is this idea to try to compete with other countries that do this, like China?
It's, that is one of the ideas.
The other idea is to get a ninth sailboat.
Yeah.
It's people that go, what are, where are our profits?
How can we maximize, maximize these profits?
What's the bottleneck?
How can we maximize?
How can we put up, how can we put up a hundred houses for, you know, just the
material cost
and a minute labor cost?
Hmm.
And what do you think about, there's, there's a real, I think there's a bill
that just got
brought up where they're trying to stop these companies from buying up, uh,
houses.
Yeah.
BlackRock and all those guys.
And they're trying to stop them from doing that because they think that they're
controlling
the housing market.
Yeah.
It's pricing single family homes.
These are the big problem.
The big problem is single family homes.
That's what it is.
Hedge funds have invaded the housing market.
A new bill would ban them.
A sweeping new bill introduced in Congress would essentially ban hedge funds
and private
equity firms from buying single family homes.
There you go.
This is interesting.
Yeah.
This price is out a lot of people.
Do you think they're going to vote on this?
This is, this seems, this seems like one that's going to be very interesting to
see how they
vote.
Well, it's going to be interesting.
Bill, which was introduced both the U S Senate and the U S House of
Representatives
on Thursday would over a 10 year period require hedge funds and large
institutional
investors to completely divest from single family home ownership.
Called the end hedge fund control of American homes
act.
The bill would require large funds to sell off 10% of their homes each year
over a decade.
Well, basically what they want to do is create a nation of renters.
How do you feel about this though?
Yeah.
How do you feel about a ban?
Well, there's a lot of people that own those houses that are not going to be
happy with a
ban because they want black rock coming in and giving them more money than the
house is worth.
How much more did it give them?
They can give them, you know, 30% above really, which is money.
And then they just lease those homes out and they lease them out.
It's part of this idea that homeownership and automobile ownership and all of
these things,
um, you know, eventually are going to be replaced by more effect.
You know,
Whitney Webb is somebody I've had on my show and she she's wild.
She's wild.
And she, but she's, she's, she knows your stuff.
You know, Patrick bet David had her on and she's, when she came on my show,
she made a lot of great points about these legacy systems that people want to
get rid of.
And they go rent a house, uh, you know, use Uber, Lyft, whatever, you know,
you don't need to own.
What does owning do for you?
That's that famous article.
You'll own nothing and be happy.
Right.
Um, so I think the ban would sort of put the brakes on that.
I guess the problem is a lot of these companies find ways around these bands.
You got to remember, these are the smartest people in America that become,
and I don't mean smart, like contemplative intellectuals.
I mean, shrewd, effective sociopaths.
They're really adept.
When I say smart, I don't want people going, you think that.
I don't mean that.
I mean, they're very effective at gaming the system.
They're 10 steps ahead of all these laws that are being passed.
I'm not saying it's a bad thing to pass the laws,
but like a lot of these people are already anticipating that and then how to
get around it.
I'm fascinated to see how that bill does.
Yeah.
Because it seems like they would put extraordinary pressure
to make sure that that bill does not get passed.
They're not going to allow that bill to get passed.
It seems like you're going to find out who's on board and who's not on board.
Again, when RFK came on my show and called out BlackRock Vanguard,
I know we did it on your show too, BlackRock Vanguard and State Street
as these companies that own everything.
You know, I got a lot of messages from a lot of financial people going,
well, everybody's portfolio is tied up in that.
This is part of the whole issue with everything.
Right.
It's the Thomas Sowell thing.
There's no solutions.
There's only tradeoffs.
It's hard to get honest at this deep in the scam that is our financial system.
It's like hard.
Any deleveraging, any winding down of the military industrial complex,
all of this will have ramifications in our society financially for people
across the board.
Anything you want to, I'm not saying you shouldn't attempt to do it,
but like anything like this, like you go, I don't like illegal immigration.
It's like, okay, your house is more money now.
Oh, they go, okay.
I don't want Chinese people buying real estate.
Okay.
Well, maybe, and that, you know, maybe the, you know, real estate industry is
going to take a hit,
not only realtors, but people that work in that business.
Like property managers, interior designers, architects, people that stage homes,
appraiser,
whatever it is, people might take a hit.
This is part of the issue of where we're at now.
You ban BlackRock and all those things from getting in there.
That's fine.
And then, you know, people, people will take a hit financially, uh, with their
portfolios.
But do you think that they, how many people have to vote yes on this?
Like how many people are involved in this, this decision?
Well, it would have to pass two houses of Congress and then get signed into law
by the president.
Now that seems very unlikely.
It's wild.
Seems very unlikely because BlackRock will have a great argument as to why they're
helping people.
They'll get out there and they'll be like, hey man, we're here.
And we're buying these fucking houses.
And the people that we're buying them from love us.
The boomers love BlackRock.
The boomers will get on a BlackRock cruise with BlackRock shirts.
The boomers, because one of the problems in the American real estate market
is boomers will not sell their