built and ryan has got to be turned back. period. ann coulter, good to have you with us. >> thank you. he doesn't need congress to build the wall. lou: he just won't quit, folks. but we do. have a great weekend. maria: and happy weekend. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. coming up, legendary invest vetter van forward group founder is our guest this weekend. first the fox business newsroom with the headlines, from wall street to main street. >> maria, trade will be on everyone's mind as the g-7 nations meet this weekend in question back. the steel steel and aluminum tas imposed on the eu, mexico and canada. mexico announced they're

imposing 3 billion on tariffs in u.s. agricultural e ports. investors able to shake off the trade ward war a war as the inds finished. the deal with zte includes a billion dollar penalties and a compliance team chosen by the u.s. the sanctions were a barrier to the u.s.-china trade deal. dpoib in hot water after revealing it had data partnerships with four chinese companies since 2010. one of those companies has a close relationship with the chinese government and had be flagged a national security threat. the agreement gave the company private access to user data. facebook says it's winding down that deal. and anyone looking for a job right now can find one. the labor department reported the u.s. had more job opening than unemployeds americans this spring.

job opening at the end of april rose to 6.7 million americans as more than 6.3 million unemployed during this same period. this is the first time that's happened since they started keeping records back in the year 2000. back over to you. maria: thank you so much. this coming week is shaping up to be a huge run. president trump's biggest week on the international stage so far for sure. this weekend this president can expect tough talk with his counter parts in quebec at the g-7 summit. last week the united states announced new tariffs on steel and aluminum for the eu, canada and mexico, after the president warned he was doing it. then the president will head to singapore where he could see history in the making as the united states and north korea begin their nuclear summit. that summit happens on tuesday and we'll be live early 5 a.m. eastern here on the fox business network. joining me to talk about the week ahead and the week that was is cries teen ya along with

james freeman of "the wall street journal." your thoughts as we approach this historic summit on tuesday. what are you looking for, what's most important, how should we be looking at the meeting? >> i guess my expectations are low and i'm kind of wondering why this is happening. especially with the president saying this week this might be a process that goes years into the future. no. no. the only reason we should be giving this dictator a meeting is if he's delivering something now. >> right. you're right. and he said denuclearization going into it. we haven't heard that that's exactly the format though, what he's planning on doing. >> the fact that president trump said yesterday, that he would give maybe a meeting or invite the leader of north korea to the white house when that's reserved as a privilege to come to the white house. if we're talking about what's to be expected, will the president of the united states, will he sign a peace treaty with north korea. because officially the korean

war hasn't ended. that's a major hurdle. talk about military presence and that's going to affect japan which is why abe has had so many talks with the president this they don't have an official army. and if the united states leaves south korea, that could be bad news for japan. those are two things i would be kshed about in the normalization talk. maria: china helping north korea get to the table. china, we think, helped president trump in terms of encouraging the north to actually begin discussions. let's talk trade for a minute. because we know that this aluminum and steel tariffs are being debated across business right now. when it comes to china, i think we both agree, that something needed to be done because they steal our technology and intellectual property. where are you in terms of china and the trade tariffs? >> i think this is -- talking about this g-7 meeting, this is an area where the president might be able to find some common ground. if he decides maybe before

leaving early that he doesn't want to spend the two days locked in a room with politicians arguing about the tariffs, maybe he ought to be saying to his colleagues among the democracies of the world, let's focus on china, let's lower barriers, but let's think about how we make the rule of law occur there in terms of companies, not being forced to share, not being forced to do business with chinese partners they don't want to. maria: this is an important point youring up. we know he's walking into a room where there's tension, right? because we know what justin trudeau said about tariffs retaliatory tariffs, the european union doing the same thing. this is an out and out trade war? >> i think we've hit that point everybody came back with retaliation. mexico a 20% tariff on pork affecting american companies that supply work, like tyson.

i think it's more seriously a family feud. and president trump is going to be meeting separately with canada as well as france. there could be some discussions there that could potentially ruin and a halfty and aruin an . why is he meeting with france? they can't create a bilateral agreement because they're part of the eu. it's going to be talk about getting the bromance going. obviously talking about tariffs. i don't think it's going to be pleasant. maria: great to see you both. up next, investing legend vanguard founder jack vogel joins me. that's next. stay with us one of the legends in the business world. what has changed about the investing business since jack vogel got his start. >> everything has changed. >> e we'll have more of me >> e we'll have more of me rrhea's interview with jack

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maria: welcome back. our next guest is a legend in the investing world, jack bogle founded the vanguard group in 1974, turning it into the largest mutual fund company in the world. the vanguard 500 index that bogle started and created in 1975 was the first low-cost index mutual fund designed for the average investor. jack named by fortune magazine as one of the four giants of the 20th century in the investigationment industry. invt industry. he'll talk to us about his new book. jack bogle is with us this weekend. thanks for joining us. >> my pleasure, maria. always. maria: let me start off with news of the week. this week we learned that household wealth reached a milestone, jack, $100 trillion. americans wealth surpassed $100 trillion mark for the first time early this year, which is an incredible number and that

has to do with stock investing and the price of the homes. jack bogle, you are the pie mere in this business. what has changed since you started vanguard? >> i guess i would start by saying everything has changed. the mutual fund business is a totally different business. it's now probably 70% of the cash flow, sometimes 100% of the cash flow is going into index funds, which isn't exist when i started vanguard all those years ago. and indexing is up to i think around 45% of mutual fund, equity mutual fund assets. so it's been a reev revolution, indexing has, and it's changed the nature of how people look at investing. and most important of all, it's made people start to think about cost. cost is everything in this business. because when you think about it, where are returns generated for we investors. they're generated by corporate

america. they earn money, they pay dividends, they reinvest the remained ner the business and that's where value is created. the financial markets are the way we access that value. but the financial markets don't give us all of it. they take their share first and then give us what's left. being we investors. so anytime you can shorten the gap, bridge the gap, minimize that gap is a good thing for the american investors. maria: you make a great point about cost. people are not focused on that until you put it front and center with such low fees at vanguard and now you've got industry of industry trying to copy vanguard, whether it's the index industry or brokers trying to take tear fees down. is this a race to the bottom, jack, in terms of how low fees are gone? >> well that's really a great question, maria. most of the fee competition in truth is in the etf, exchanges trade and fund area, because

that's where a lot of the activity is, a lot of the cash flow is. and the competition is moderate for actively managed funds and really very light for what i call traditional index funds, tes, index funds, tifs, i should say, index funds of the type i started in 1975 that are bought and held together forever. let me explain it this way. we changed the business, the indexing business from an index passive index held by passive investors to passive indexes held by active investors. a lot of trading going on in etf land and that's not such a good thing. that's where the competition is, because you can make money starting a little company, i call them financial buccaneers, trying to find a little hole that nobody else has filled, a little niche if you will. and in the other -- there's not

much appetite in the traditional index fund business for lower cost because, as i say, often said, the problem with index. funds is all of the darn money goes to the investors. and the mutual fund business is a business that is people coming to the fund business to make money for themselves and their management companies. they want to make money for their investors, sure. but the more the management company takes twb less the investor makes. maria: and that's the issue. a lot of people don't realize that. the first question is how much is it costing you. the money is coming out of your returns. jack, how do you answer the criticism -- i saw in your interview recently about the critics of the index fund today saying that you're not allocating capital properly. it's because the biggest stocks make up the biggest percentage of most of the indexes, mike voft, 3.2% of the s&p 500 and

walmart is half a percent. new money means that the large stocks take a proportionately more money than other stocks. so is that destabilizing? >> that's not only not destabilizing, maria, it's not true. in other words, if we have 4% of assets in alphabet or google, we put 4% of our new money into that. if we have half a percent in walmart, as you said, we put half a percent, it doesn't change the equation. we're investing based on the market values of the company. and when the prices go up, the prices go up in the regular market, if you will, by individual investors, but they also go up for the index fund. maria: okay. >> rising prices creates zero capital allocation issues. jack bogle revolutionized

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welcome back to wall street. here's more of maria's interview with investing legend vanguard founder jack bogle. maria: look at how many index funds there are. 5,000 index funds today versus the numb or f stock lower, 3,385 stocks. what does that tell us? >> it tells us that people are crazy, maria. we don't need 5,000 index funds or 6,000. the whole idea of index funds was simplify, simplify, simplify, right out of ralph

wall do emerson. semp fisimplify everything. we've now complicated it by giving people many choices and building a system where they can trade those choices in the gloat growth and out of value and so on. so there's too much trading going on, which is the investor's enemy finally. the answer is to buy and hold the stock market very well exemplified by the 500, and hold it forever. and that's the winning strategy. any other strategy involves changing things. and over an investment lifetime you could probably have 40 changes, 50 changes. there's in way that can be a winning strategy. maria: you make a really good point. what about the idea that people want to cash out sometimes. i mean, what are your most important issues in terms of selling? you say hold on for a long time. but what is a long time? when can you actually get those

returns and what do you look for as a run to sell, jack? >> that's a great question. i guess my fair time period is the same as warren buffet's time period, forever. you know fb fo, for your whole . there will be opportunities along the way. we've seen them in the last 25 years. to get out and get back in. maria: vanguard is changing. the retirement plan. not having the flagship s&p 500 fund in the 401(k). why is that. what is your reaction to the fact that vanguard is dropping 12 funds from the employee 401(k) retirement plan? it will now offer 15 funds, down from 27. why? >> well, the answer is that companies all over the country, and i presume vanguard, although i don't run this place anymore, there have been too many choices in retirement plans. you could run a retirement plan with three or four choices with abstock index fund, a bond index fund, a balanced inducks fund

and that could be it and investors can make the choices easily. an asset allocation issue. and by giving them quite so many issues at vanguard, not in the industry generally, we've confused investors. for vanguard in particular, this is not going to surprise you, i think it's too bad not to have the 500 as an option. but it's pretty much indifferent from an investment standpoint because our crew members, as we call them here and bogle himself, just go into the total stock market fund which is 85% of the s&p 500 any way. i like the s&p 500 but i'm perfectly satisfied with the vanguard total stock market index fund. a little broader. maria: what do people need to know about their 401(k) plan. i feel like people put their money in the 401(k) and they don't necessarily know what the plan is invested in. is there any advice you want to give us in terms of managing

their 401(k) plan? >> well, the less you manage your 401(k) plan the better. make some choices, asset allocate -- allocate your assets, to some degree based on your age, and you can do that of course through these popular target date retirement plans in which vanguard is so totally dominant it's almost not worth talking about, and gradually build up a bond position over a period of time. but the other option is even simpler and that is buy the balanced index fund, you'll be 60% in stocks and 40% in bonds for the rest of your life and that may even be a better strategy. only time will tell. maria: it's so important, jack, just this week we learned that the social security fund is going to be tapping into its fund for the first time in 36 years. people need to understand social security may not be there for you when you retired. the 0 now onus is on individualo

make sure they have a 401(k) and savings in the stock market, correct? >> that's correct bts. i wouldn't write off social security quite so soon. i don't thini don't think the nl policy of the united states of america, i believe that policy precludes a significant reduction in social security. and to me it's kind of sad that we could fix wit such tiny little changes, change the retirement age a little bit, make the social security minimum wage deduction wage based deduction a little higher and all of the suds it would be fixed. maria: our thanks to jack bogle for joining us. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured

so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.

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we'll get the latest federa fedl reserve comments about the economy. and we're expecting the fed to raise interest rates in the coming week ahead. we'll get earnings from h and r block, lands end and oxford industries. on tuesday, tuesday june 12th, the big e gentleman, when president trump will meet with kim jong-un in singapore we'll be live throughout the meeting and starting early here on the fox business network, joining me at 5 a.m. on tuesday. on wednesday the fed will announce the decision on interest rates. we're expecting a hike of a quarter of a point. powell will have a news conference at 2:30 p.m. eastern which we'll carry live. we'll get the latest on producer prices. ppi index as well as earnings from keller brands. on thursday, we'll get data on

retail sales, import prices and inventories. friday we get the week -- we end the week from the empire state manufacturing survey and consumer sentiment. a big week ahead. possible history in the making as i mentioned, the u.s.-north korea summit beginning on tuesday in singapore. tune in to the fox business network. we'll have around the clock coverage of the historic event. mornings with maria will go on 5 a.m. eastern. one hour earlier. join me next week, talking with the deloitte ceo and former home depot ceo. nar deli a long time ge ear. we'll talk to us about general electric as well. i'll see you sunday on sunday morning futures, catch the program 10 a.m. eastern. big program this weekend when i speak with bob goodlatte, the chairman of the house judiciary committee. along with the former canadian prime minister.

that is sunday 15 a.m. eastern. we'll talking tariffs and nafta with stephen harper. that will do it for us. thanks for joining me. i'll see you again next time. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live and take you behind the gates of properties you have to see to believe. at the end of the show,

i'll give you critical tips you need to know in the massi memo because information is power. and the property man has got you covered. [ woman vocalizing ] each year, millions of people move into communities governed by homeowners associations. and every day, i hear from many folks who love it and many who find themselves trapped in nightmarish battles with their hoas. now, i'm gonna speak with a man named mike, who's been battling his hoa for years. he moved into an hoa community in 2007. and he loves where he lives. but when he started asking questions about how things were run, well, he was stonewalled. >> i was asking for some -- just some routine maintenance to be conducted that hadn't been done for as long as 10 years. and that -- that got such an adverse reaction coming back that i thought, "okay. what's going on here?" >> when mike decided to join the board himself and won,

all of a sudden, there was an anonymous but clearly well-organized campaign launched to remove him from the board. >> as soon as my nomination was submitted, there were e-mails circulating around the community saying, "don't vote for this person because he wants to raise your assessments," e-mails that were -- that came directly from existing board members. >> so you finally got elected to the board? >> i got elected to the board at my second attempt. at that stage, they started their move to attempt to get me removed from the board. >> you showed me some pamphlets, actually, flyers that were sent out literally asking -- we don't know who they came from except it said "interested neighbors" -- to have you removed. >> over that week, every single home in the community had flyers posted on their door with their propaganda. >> i mean, how did you react to that? >> dumbfounded, really. i mean, that -- that a community and the association and people who think

they're supporting them would go to such efforts to harass and hassle someone who... i just had the best interest of the value of the community at heart. >> he was called a stalker, a terrorist, an illegal alien and a threat to the community. how did you find out about these, by the way? did they happen to send one to you? >> well, these were the ones that were sent to me and put in my post box. so i wondered how many thousands they'd sent out. >> they spent a lot of money on you, mike. >> unfortunately, those individuals didn't spend anything. they spent my money fighting me. >> well, the campaign worked. mike was recalled. he was kicked off the board. >> they did get a majority of the votes. but by statute, i believe i got sufficient votes to be protected from recall. but i wasn't interested in spending more money with more lawyers and more court to fight that battle. >> so for those who are listening to this who are in the process of buying a home in a development that has a homeowners association,

what advice would you give them? >> you need to go with your real-estate agent. and you need to attempt to try and speak to the board -- the board president. go to a board meeting if at all possible. >> and do not let them make you feel that asking a question is a bad thing. you have the right to ask questions of your board and your association. >> ask some questions about if there's any difficulties been going on. you know, are there any unhappy people in the community about -- have been -- they feel have been dealt with in, uh, maybe not the same as everyone else? >> the condition of the community is your first sign of potential issues with management, the possibility of future costs. so look closely as to the condition of your community both before you buy and after you buy. >> it's a hard timing thing to do when you're looking at purchasing. but if you don't commit that time, i would suggest to not purchase a home in a homeowners association. >> well, there's certain things you surely can do and that is go around to talk to the neighbors. >> mm-hmm.

>> because talking to the board itself could be self-serving. uh, if there's a property manager on site, that's good. to whatever extent they would allow you to see those things that are on the website, budgets... >> mm-hmm. >> things like that, assessments that are coming, any construction defect issues that occurred in the community. that's important to know. you know, you get so excited in the buying of a home that these details is what could take your enjoyment away. >> yeah. >> which happened to you. >> it certainly has. >> so look at... that due diligence that -- that you and i are talking about is very important -- >> mm-hmm. >> before you buy a home. know what you're buying into besides the home. know your community, know your hoa, and get a sense of how successful have they been in maintenance, lawsuits, some of which, by the way, is public record. very, very important. when we come back, we'll speak with a realtor who had such bad issues with her hoa that she now works to educate folks about buying in hoa communities.

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♪ >> welcome back. i'm bob massi, the property man. jill schweitzer. well, she got burned and harassed by her hoa. but she didn't take it laying down. >> about five years ago, i bought into a bad hoa. i discovered that they weren't spending the money properly. and then, also, i was surprised at how they handled insurance claims, not treating everybody the same. >> she created hoa savers and is working to educate homeowners and help them navigate the often tricky world of homeowners associations. >> as a realtor, i was surprised to learn that we're not taught anything about hoas. so everything i've learned was through my own experience. >> as a realtor, jill says she wants her clients to know exactly what they're getting into when they buy in hoa communities so there are no surprises later on. what do people give up when they decide to buy a home that has an association?

what type of things are they actually giving up when they do that? >> they're giving up their constitutional rights. they're living under a totally private government, really. the hoa can have the power to, more than the police do, to issue tickets for speeding. and then they can threaten to turn off your water. they can fine you and then foreclose on your house. >> pretty strong. >> yes. >> check the rules before it's too late because you must live by those rules. we talk a lot about homeowners associations within our organization, making sure that people know what is possibly coming down the line. >> chris and kat are a young couple who were renting an apartment in california. when they moved to arizona, they decided to look into buying as well. did you look into the homeowners association before you bought the -- you know, the cc&rs that cover these condition restrictions? did you talk to any neighbors? or what kinds of things,

if any, did you do like that? >> we didn't read the cc&rs. >> we did not read the cc&rs initially. >> nobody does. so there -- there's about another 100 million people who feel that way. >> yeah. >> the hoa may decide, after they've lived there 20 years, that that bench in the front yard is not gonna be allowed anymore. i know one homeowner that had to go to court over that. and it cost $8,000 in her attorney fees, and she may have to pay another $24,000 for the other sides. >> are pets allowed? can you park a car outside? can you park in the street? what are the landscaping rules? what are the rules for garbage cans? are there rental restrictions? rules about paint colors -- can you believe it? these are all things that basically dictate where you live. >> think of it as being 12 years old. you have to ask the hoa for permission for anything on the exterior of your property. >> what's some of the most common things that you've seen that people consistently are faced with? >> hoas' requiring homeowners to do a bunch of work on their house once they've decided to sell. you have to paint your house. you have to remove the tree stump. you have to do this or that.

>> one of the biggest beefs that i hear all the time from homeowners is the architectural committee. you have to submit these things to them before you can paint a certain way, put something out there. >> there's one homeowner that painted her trim a different sage green color than was actually approved by the hoa. >> right. >> because the hoa doesn't like her, they are suing her for that. >> if you break those rules, they are violations. you could be fined. you could be sued. and, believe it or not, the hoa has the right to put a lien against your property and foreclose if you don't pay the lien that's owed. >> i sold a home recently to a first-time home buyer. in explaining that to them, the hoa, i told them, "do not get late on your homeowner dues because you could have a $600 bill turn into $3,000 with attorney fees." >> look at the collection and violation policies. you need to know how you're gonna be treated if you're late on dues and you break a rule. and when you sign on with an hoa, remember this -- you literally are signing away

your constitutional rights in many cases. there are good hoa boards, men and women that work very hard and act in the best interest for the members of the community. but what is your primary concern? >> i don't want to sell property to a buyer and have them have a huge special assessment right after they close or, a year later, say they're wasting our money and not doing anything. i also don't want my buyer calling me and saying that they've got problems with being harassed, either with violations or fines or something a year later. >> i'm gonna buy a home. what are some of the things that i should be asking or you as my agent should be asking about that hoa? >> the law is gonna say that there's certain things that you're supposed to get, like the reserve study. but you need to know what that is and what to look for on that. >> what that is is how much money is there being held for future problems that there may be in the community? how much does the hoa have set aside for large expenses? get a copy of the reserve study and the financials. >> you want to make sure that you read

those documents very carefully. understand those assessments. make sure that there is not something down the road that is a problem in that owners association that's going to have to be remedied by a special assessment. >> ask the hoa if they're responsible for the roofs and exterior of the buildings. you want to ask them, how old the roofs are. have they had excessive water leaks over the last year? are there issues with any flooding of units? have they had any insurance claims? have they had personal- injury claims? >> don't wait until your dues are continually raised or until you're hit with some special assessment. look at the records and ask the questions early. >> if there's an existing personal-injury claim, you're not gonna have that necessarily disclosed to you as a buyer. but after you close, if that insurance claim goes to a lawsuit, then you're gonna be part of that lawsuit by whatever your percentage of ownership in the condo is. >> so could you find out also what the expenditures have been in the last couple of years, you know, for common areas, landscaping costs, you know, exterior painting costs,

repairs? are you allowed to ask for that and get it as a prospective homeowner? >> you're allowed to ask, but they could say, "no." >> if i was a prospective homeowner dealing with you as a realtor, and we request this, and there's a pushback, what should that tell me as the prospective homeowner? >> that makes you wonder why they wouldn't want to give it to you. and maybe you might reconsider if you really want to buy there. what i'd like to see is a disclosure form for hoas where they have to fill out that kind of information. "we have 16 buildings. in the last year, we've had 10 roof leaks. we've had four insurance claims because water entered the units from the ground because of grading issues." i want my buyers to know this information before they buy. >> jill's put together a lot of very helpful tips, both for people thinking of buying an hoa property and those who already live in one. >> i would ask for a copy of the violation policy. i would ask for a copy of the collection policy. i would ask for the last 6 or even 12 months of meeting minutes. >> now, we're not saying that hoas are bad. there are some great ones.

but you just need to know exactly what you're getting into. now, we're gonna have more hoa tips coming up in the massi memo. and jill has a great due diligence checklist on her website, hoasavers.com. up next, come with me, the property man, to see a beautiful estate in paradise valley in scottsdale, arizona. [ woman vocalizing ] how do you win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level.

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♪ >> welcome back. i'm bob massi, the property man. it's time to take another peek behind the gates of a luxury property now on the market. i'm in paradise valley, arizona. and i asked realtor lisa wadey to show me around this sprawling estate built

right on a golf course. this is a 12,206-square-foot estate, classic mediterranean, on almost two acres. >> and if you include the outdoor living spaces, there are 19,000 square feet under the roof. >> it sits on the camelback country club golf course. it has seven bedrooms, nine baths. that includes a two-bedroom guest house. >> price tag -- $5,500,000. >> nine fireplaces, a game room, media room, true theater, as well as a walk-in wine cellar. >> so lisa, like in every home, you have the kitchen, the den area. and here's a perfect example. you can make it your own. >> make it your own. customize it. maybe change paint colors. >> now, the first thing you notice here is that the house is empty. the current owners moved out and decided not to stage the home. >> if it's staged, then it -- it also helps a prospective buyer who doesn't have the creative mind. if i walked in and i could say, "okay. oh, i see.

that's where the couch would go. oh, i see. that's what you would use this room for." >> staging can have huge benefits, as we've shown on this program before. but these owners decided to let the home speak for itself. >> a prospective buyer can walk in with his or her designer, give them... it might give them an idea of what they can do to make it their own, whether it be changing the paint, changing the flooring, changing window coverings, placing different types of furniture where they wanted to. >> if you look at the pictures of the home when it's furnished, it looks very different. but it still shows the character of the previous owners. the thing that grabs you about this property is the sheer size. it just keeps going and going, with each room leading to another hidden gem, like the beautiful library, game and billiards room, and full theater. >> it also includes four en-suite bedrooms in the main house, which means they all have their own private bath and walk-in closet. you've got the staircase that leads up to the third floor, which has the master bedroom

and the office. >> all right. >> it could be an office, could be an exercise room. it does have a little kitchenette. >> it's amazing how long the hallway is to get to the other side. >> and then down the hallway, as we continue down, you're gonna see patios off to your right-hand side. >> there is an elevator that brings you to all levels of the home. >> you're also gonna see the elevator that, again, takes you to the third, the middle and the first floor. >> so now, lisa, we're going into the master bedroom. and of course, i mean, it's huge. and again, somebody, tastefully, could do whatever they want. >> it's a huge master suite. >> it sure is. >> large master bath. has a meditation room, if you wanted to use it as that. >> what a view, huh? >> absolutely. on the golf course. you've got views, mountain views. >> i mean, this view is wonderful and right off the master bedroom. the outdoor spaces blend seamlessly with the house. and you could easily see how a family could spend most of their time out there. >> it's a great outdoor entertaining area, bob, with heated pool with diving board, spa,

huge covered patio area, again, with another fireplace. >> a lot of good entertainment areas. when you come down and see the patio and the pool and the view of the golf course. what a great area. >> tons of outdoor entertaining space, huge pool, grassy area, sitting on the golf course. so you have a beautiful view of that. >> the house feels large. but when you come to the backyard and that it doesn't feel so overwhelming. >> again, you're on almost two acres. >> yeah. great atmosphere. there is even a two-bedroom guest home on the property. a guest house, i should add, that is larger than most people's primary homes. >> two full bedrooms, living area, kitchen, patio... >> it's a house. >> and a garage. it also has its own garage. >> of course it does. >> when you live in arizona, you expect to have multiple places to entertain, multiple places to be outside. it's an indoor/outdoor living space. it has everything that you would expect in a paradise valley home. >> up next, the massi memo. the property man's gonna talk to you about homeowners associations and additional things you need

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is how much they have in reserves. how much money do they have? if it's not enough, guess who will be footing the bill down the line? you and i as the homeowner. now, before you buy into an hoa community, ask that they provide you with the last 12 months of meeting minutes. if at all possible, try to attend an hoa meeting before you purchase. and talk to some of the neighbors. get an idea. how is the board? are they cooperative? are they trying to help homeowners? or is there a lot of politics involved? we all know that can happen. don't just look at the maintenance fees or the monthly dues before deciding to sign on. look at things like what is the condition of the community you're buying into? have they been skimping on maintenance and not making capital improvements? those things are not likely to suddenly get better. ask for a copy of the insurance declaration page. this will drive them crazy. look at what the hoa's paying for. look at the cc&rs. what do they say? ask your own insurance agent for their opinion on what the hoa's responsible

for and what you're responsible for. buying a property in an hoa, add into your offer that the owner warrants that the property does not have any hoa violations and that this condition survives closing, not an easy thing to negotiate, by the way. again, before buying into an hoa community, do your homework. this is a place. if you love your home, you're gonna live there for years. again, really look at the condition of the community. visit it different times of the day, different times of the week. talk to your neighbors. research. analyze. and again, i cannot emphasize enough, the money part of this, the reserve and the financial. and most importantly, folks, read. read and understand all of the hoa documents and the rules. that's all the time we have for today. make sure to check our website at foxnews.com/propertyman. and send me your property

stories and questions at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] >> lou: good evening, everybody. our top stories. paul ryan displaying indefensible support of the establishment whose boots he loves to lick. the lame duke speaker defies reason and decency as he did so and lining up with gowdy saying there is no evidence of a spy in the trump campaign and playing toady to the open border globalist and he chose to pour syrup and