thanks to my panel. thanks to all of you for watching. hope to see you right here next week. have a great weekend. >> announcer: from the fox studios in new york city, this is maria bartiromo's "wall street." dierdrestreet. reporter: welcome to "wall street." former reagan advisor david stockman is our spellings guest. deirdre bolton is standing by. dierdre: the u.s. economy looked strong, the commerce department released its revised second quarter gdp number thursday.

it rose to a 4.2% annual rate, higher than the original number of 4.1%. it will be the strongest in four years. trade agreements will be a big part of the future economic growth. the u.s. reached a deal with mexico earlier this week. it's trying to find similar terms with canada. in the past president trump has called nafta a rip-off and threatened to leave canada on the sidelines if an agreement can't be reached. president trump may impose a 25% tariff on $200 billion in chinese goods. both countries have imposed tariffs on each other's goods. president trump also pushing

europe in trade. he wants tariffs on all industries dropped to zero. the e.u. agreed to drop auto tariffs but the president says it's not enough. a strong read on consumer confidence helped the market finish higher for the week. it was a seller august for the indices all finishing in the green. president trump is warning google to tread carefully. on twitter the president accused google of rigging its search engine to favor left-leaning media outlets. he says he believes going the mistreats conservative ice and silences quote a very large part of this country. google denies the charges. dareporter: the gdp was revisedp

to 4.2% from 4.1%. the atlanta federal reserve. joining us is for under and chain of investment officer of the bonson group, david bonson. >> earnings growth is coming from the tax reform bill that pushed up capital expenditures. there is an increase in productivity. we were probably near the 7th or 8th inning of this bull market. tax reform brought us to the 5th or 6th inning driving corporate profits.

reporter: can you find any reason not to buy stocks? >> 2018 has seen a pickup in volatility. some of it is self induced out of this trade and tariff issue which i think was a policy mistake out of the trump administration. but volatility is normal in the market. that would be the one argument against owning u.s. stocks. fundamentally, profits drive markets. and the economic strength we are getting is very, very investable. dagen: is there anything on the horizon that you worry about. i noticed in the last week that disposable personal income in this country is up 2.9% year

over year. >> those are the metrics i'm not sure drive profits as much as we think. i would still argue that that stuff gets priced into markets. markets are discounting mechanisms. i look at the things i think are under priced in terms of their ability to go forward. the energy sector is deeply undervalued. much of the financial sector is undervalued. with some aspects under priced. we probably would not buy the full index right now. i believe there is some rich valuations out there, everybody talks about that. and i talked about it for a long time. i have been wrong in the sense it continues to go higher. dagen: in terms of apple, you look at the run apple had.

it was one all-time high after another. >> apple isn't sentencive it's extremely reasonable. apple mass the times of metrics you want. i'm treefg the amazons, netflix and facebook. you have to say it's priced richly. dagen: we have some details about the product announcement. would you buy apple ahead of the product announcement, sometime in the second? >> we wouldn't hold a stock we weren't willing to buy. we would be buying apple at these levels. but i don't know that the product cycle is the driver there. the market has an incredible way of discounting those things ahead of time.

apple is a good idea for a value stock relative to the balance sheet and free cash flow. dagen: david, good to see you. don't go anywhere. much more after this. >> announcer: let's make a deal. the u.s. and mexico striking a blockbuster trade deal. >> this whole thing about nafta >> this whole thing about nafta is much copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma.

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dagen: the trump administration looking to make deals with our most of critical trading partners. stocks moving higher when deals look likely, lower when it looks like tensions are escalating. joining me, advisor to president reagan, david stockman.

the market for the most of part had been impervious to all the tensions as they have been rising going into this year. >> i think the market has its head in the sand in terms of the overall thrust of protectionism coming from trump. on the other hand, this whole thing about nafta is much ado about nothing. there wasn't anything wrong with nafta, and what's going on now is negotiations because trump wants to have some kind of big p.r. stunt. the fact is what we have on the table will help mexican workers get $16 an hour. it will bring some jobs from china to mexico to make auto parts to send north. we'll raised the cost of you a toes and cars to american consumers and will be a real windfall for what i call the trade nanny in washington who will be businessing look at

30,000 auto parts for cars and ballistics and glass to see if 45% was made at $16 an hour or more and 75% was maid in north america. dagen: many people will argue it needed to be modernized baits was old going back to the 1990s and it does do things to open up markets potentially for american farmers. it provides intellectual property protections. even the "wall street journal" that was negative on the mexican slice of the negotiations. they go into things like extension of protection or gentlemen nictally noddified drugs. >> it's technical stuff down in the weeds that doesn't matter.

we import $600 billion a year and export $520 billion. there is a gap of $80 billion. it's not the end of the world compared to our real trade problems with china. dagen: let's call it what it is, these are deals being made by this administration with mexico. mexico held out as trump hates mexico and everything in the nation, not true. earlier in the week he said i love mexico and i love canada. my issue is we can repair relationships with these important allies, canada and mexico, even with europe. europe the trade minister for the e.u. saying we'll drop all auto tariffs. >> trump said i don't like that. we didn't have a problem with canada and mexico until trump started attacking them for stupid reasons.

canada. he's constantly going after the dairy program there. i agree it's a terrible government subsidized thing. but it's $6 billion a year industry. it means nothing to the american economy. dagen: but president trump is a politician and it means something to the people who voted for him. he ran on reapproving these trade deals. none of you guys in d.c. would have jobs if you didn't have great politicians winning these races. my point is, i talk to people who want better -- there was a woman on maria's show in the past week who sells cheese. she sells string cheese flavored with fruit, and she wants to be able to sell into canada more easily. >> that's fine. we have a 180% tariff on peanuts and tobacco.

we have a few of those agriculture protection thing too. but in the big scheme of things the, irrelevant political maneuver that isn't going to make jobs in america. the thing about mexico, of course they like the deal. trump is saying you have to raise wages to $16 an hour in mexico. that's good for mexican workers. he's saying 75% content. dagen: it puts us potentially on a level playing field with mexico. >> it's not even close. the uaw is $30 to $60 an hour. dagen: how is it not good. when you saw the release of the mexico deal the market cheered it. >> the market is delusional. trump is a clear and present danger to this economy with his massive deficits. dagen: we are going to get to

that. becauser indicator i looked at, you can't find one that's bad. so we'll talk about that with david when we come back. we'll be right back. >> announcer: stocks are soaring and corporate profits are booming but david stockman says it won't last. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip.

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dagen: corporate profits booming in the second quarter, rising 16.1% fueled by tax cuts, strong economic growth. those are the largest year over year gains in 6 years. back with me, david stockman. is this sustainable?

going to break i said you cannot find one negative thing to say about the economy. >> the profit boom is an illusion. it doesn't take intogether the one-time impact of a tax cut after four quarters and the rebound from the profit recession we had in 2016. if you go back to 2015, they dropped by 18% the next four or five quarters. now think rebound back and they would be $117 a share for the quarter. so that's 3.5% profit growth the last four years. when you put it in context it's not close to wait appears to be. and we are 10 years into a business cycle. at some point a recession is coming and profits will drop. dagen: we had a guest on

"mornings with maria" saying because this expansion didn't experience the corporate investment boom or learning boom or a real housing boom in most of of the country, that means this could go on longer. when i say i have looked at the quarterly growth numbers. current estimates for this quarter. wages growing, consumer optimism at an 18-year high. the average grob growth this year for the first 7 moist faster than it was last year. i will put it to you. tell me something bad that's going on right now. you worry about 8 months from now. >> whatever is going on isn't due to trump, it's just the momentum of the economy that's in a business economy. the 4.2% was a total aberration. you had soy bien so i -- you ha.

and uncle sam borrowed the money and gave the consumers a tax cut. dagen: there has been an acceleration in economic growth. >> it's one quarter. dagen: the 7-month average this year is 215,000 jobs. >> they keep revising the jobs data. the first six quarters under trump, and he had nothing to do with it. gdp growth was 2.6%. in the last seven quarters of obama, and he had nothing to do with it, it was 2.5%. there is no acceleration in the economy. we have an economy freighted down with debt. we have an economy that hasn't invested because the fed encouraged corporations to use

their cash flow on their balance sheet to buy back stock. dagen: investors aren't worried about the level of debt right now. they are worrywarts. they are paid to worry. and they are not because you still got yield on the 10-year treasury in the last week that was deep below 3%. >> in europe. .4. the french point 8. but the point is all the central banks of the world pivoted to qt. they are shrinking their balance sheets. they will be dropping $600 billion a year worth of bond into the market, not buying. dagen: i take issue when individual in this country, your average working folks, man and woman who are feeling good,

plenty of jobs out there, they are optimistic, they are going out to stores, spending money, their disposable income is growing and adjusting for inflation and people can't say anything good about it. >> i don't want to say anything good. you know why? we are burying ourselves in debt. washington is out of control. 10 years into the recovery we'll have a $1.2 trillion deficit. they are little entitlements run. they raised defense spending for no purpose. dagen: the president wants to freeze the automatic pay increases for civilian workers. >> i'm all for that. dagen: you just said trump is doing something good i'm all for it. >> i am all for that. but if you look at how much money he borrowed. the huge tax cut he didn't make any evident to offset.

he can't give the pentagon enough money to waste. and we are borrowing at this rate so late in the cycle. you know what happens when we get the next recession? we'll be borrowing $2 trillion a year. dagen: can you let me and my people enjoy the growth while it's happening. >> you have a few months. dagen: i'll say it's more than a few months. but i'm not going to argue it's a long weekend. more "wall street" after this. know what? no, what? i just switched to geico and got more. more? got a company i can trust. that's a heck of a lot more. over 75 years of great savings and service. you can't argue with more.

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dagen: here's a look at some the biggest market events coming up next week that could impact your wallet. man kate markets are closed for the -- monday the markets are closed for the holiday. thursday we get the adp

employment report. initial jobless claims and factory orders. friday we end the week with the latest jobs report. be sure to tune in to "mornings with maria" friday at 6:00 a.m. for our jobs in america special. it's a busy week on capitol hill. senate confirmation hearings for supreme court nominee brett kavanaugh next week. and we are expecting executives from google, facebook and twitter to talk about election interference. next week, wayne gretzky and bernardo hees. tune in weekdays on fox business

at 6:00 a.m. eastern. maria along with me and a whole bunch of people. we are always fired up. thanks for watching. we'll see you 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 ] thanks for joining us. i'm bob massi. if you've ever looked around your house and thought, "you know what? i need to downsize," well, you're not alone. but more and more, well, people are taking that to the extreme. tiny houses -- i'm talking 95 to about 170 square feet -- are becoming more popular. there's even movies and tv shows about them. >> the kitchen, the living room, the bathroom, it's all included in that small square footage that, for most people, is the size of their master bedroom. >> they're usually mounted on 20-to 27-foot trailers and can be towed pretty much anywhere. some call it a fad. some call it a movement. but it seems clear that many of those deciding to live tiny,

well, they're doing it as a direct result of the housing meltdown. they just don't want to spend their money on things like mortgages and be saddled with debt anymore. mario soto lost his home in the financial collapse. >> i lost everything. i put almost $300,000 down payment, taxes, insurance, mortgage, everything, and it was gone. >> he began paying off his debts and started over, but didn't want to go down that same path again. >> i realized, well, what if that happens again? that was $300,000 i'll never see again. someone else got it. but not me. >> he decided he wanted to build a tiny home. his last construction project? a birdhouse in fourth grade. >> about a week later, it fell apart. >> but he reached out to the tumbleweed tiny house company, and they helped him build his own. now, on the tumbleweed website, you can order already-built tiny homes, or you could start from scratch. >> the minute i saw one of their tiny houses, i said, "this is it. i'm doing it." >> tumbleweed provides the floor plans, options for just about anything

you could think of to make it uniquely yours. >> the plans have details of every piece of material you need. it was a learning process. but my house hasn't fallen down yet. so i think i did a pretty good job. >> mario, let's go see your tiny house, buddy. >> let's go check it out. come on. let's do it. welcome to my house. >> thank you. okay, so show me around. >> i have a pretty cool kitchen. we have a nice sink right over there. cook soups. range hood, stainless steel. >> big sink. >> it's a big sink. this kettle gets the heat that is naturally being generated. and instead of it going to waste, it's converting that heat into electricity. >> from the outside, it might not look very high-tech. but inside, it's a different story. >> my phone allows me to open my front door, control my air conditioner, actually run my tv. i have air sensors in here that sense the air quality, humidity, and the temperature. >> mario says his saltwater batteries can power his home for 20 years

before they need to be replaced. it looks like a bunch of batteries, like from a golf cart. >> they are actually similar in the sense that they provide power. once i get solar panels, which will be on the outside behind me, i won't have to worry about power. 100% i will be off the grid. >> and then a place to sleep. >> a place to sleep. gotta sleep up there. >> bunk bed. >> my tv, because you gotta have a tv. >> 55-inch. >> when i'm cooking, i like to watch a good movie. or maybe i'm listening to music. i can actually swivel it out. >> so what's underneath the bunk here? >> it's a really nice mirror. >> and behind the mirror? >> there's a lot of things. let me show you. so all i do... open it up. this washer and dryer, it's ventless, gasless. >> where do you take your shower or your bath? >> check this out. roll it back. now i have my shower hidden in the back. pull it right back in. and there we go. >> all the amenities of home, my friend. >> all the amenities of home. >> but many tiny house owners, you know, they're running into a big problem. there's no place to put them.

>> arizona and, uh, many other states aren't regulated for such small dwellings. >> zoning laws vary from place to place. but many cities and towns have things like minimum size requirements for homes. >> and these tiny homes do not qualify. >> that could make finding a spot for your tiny house very difficult. >> even the rv parks turn them away because they're not technically motor vehicles. uh, so they can't find anywhere to plant them. >> sarah was living in louisiana when she saw a documentary about tiny houses. >> i knew a friend who was in carpentry. the next day, we went and bought an auto flatbed trailer. >> she bought some supplies, enlisted some friends to help, and started building. >> we didn't really have any plans drawn up. we just knew the idea of what we wanted to build. um, we wanted it to look like an old acadian-style house representing home. >> so this was actually -- became a passion of yours? >> it did, yeah. yeah. i really -- i enjoyed waking up and spending hours on it and going to sleep exhausted,

like, cuts and sawdust. and it was great. >> so this is sort of an extension of where you came from? >> this is my house from home. it's the blueprint. so a large part of the house is the kitchen because, um, i need -- i love to cook. and so the propane stove and it actually works. i probably fill the propane tanks up every few months, and it costs about $40 to do that. the water works and the hot water works. i think that's really important to see because every piece of this was, like, hard to do. >> sarah found some land to put her house on and was assured by the realtors that it would be the perfect fit. but the city, of course, disagreed. >> i bought a piece of property in south phoenix and, um, put the house on it. then i went to the city to get the permit. and they wouldn't give it to me. initially, they said the house was too small. and we had looked at the universal building codes. and it was -- it was fine. >> how many square feet is this? >> 160. but it's probably like 110

walking space. the city said that i couldn't, um, live in my own house on my own property because it needed a foundation. it couldn't be on wheels. they wanted me to take a crane, lift the house up, take the house off the trailer, which they didn't understand was, uh, built on the house. >> there's so few people involved in the tiny home movement that they don't really have a lot of power to regulate, um, pushing the state to have places where they can zone them. >> i was trying to sell it. and then, um, someone graciously offered me their backyard. and so that's -- that's how i'm able to live in it and enjoy it. >> how many people have you had in here at one time? >> i think we had about, like, 30, i'm gonna say. >> 30 people in a tiny house? >> mm-hmm. so it doesn't hinder you from having guests. everyone has to be comfortable real quick. >> still to come on "the property man," i'm standing in someone's backyard right now. yep. this is a backyard pool. and the story of how it got here is wild. plus, there's a lot you need to know before buying or

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♪ >> welcome back. i'm bob massi, the property man. across the united states, there are more than 10 million residential pools. most of them don't look like this one. but i'm gonna tell you what you need to know if you're considering installing a pool of any size or if you're thinking about buying a property with a pool. but first, if you want to talk about pools in arizona, you turn to red rock contractors, run by rick chafey and brett blauvelt. the folks at red rock design and build some of the most insane pools you could ever imagine. >> we recently worked on a project. we had a pool up on the roof, back of the house. actually has got a acrylic panels. you can look out and see into the backyard.

all glass tile. just gorgeous. got a couple in hawaii we're doing where you can look out onto the 18th golf course and out to the ocean. um, we've done some really cool edge details where we, uh, bring the water up to the deck level. >> ♪ ♪ ain't nothin' but a party goin' on in here ♪ >> i'm not standing at some resort. this is a residential backyard pool, believe it or not. how did this all come about? >> uh, like any other residential backyard pool, we got called to come look at a project. it's an outdoor oasis and -- and it's almost a water park. you know, it can be a studio at night where you can have the biggest party you've ever had. or it can be a kids' play pool for, you know, 100 kids. >> there's a 60-foot tube waterslide. >> it starts at the top of that waterfall, comes down through it. has a couple, uh, skylights in the top to let a little bit of light in. >> 15 different fire features and more than $250,000 worth of controlled lighting and automation. >> waterfalls, water slides, cantilevered sun decks. basically what you'd find in a resort or even a club in las vegas. >> while the pool deck and the walls, they're made up of 8,000

square feet of limestone. >> some of the features of the backyard were inspired by las vegas themselves. the water walls at aria are now part of this backyard. we kind of recreated that in the setting that's the right size for here. and we've got a lazy river that goes around, uh, rock waterfalls that we can jump off. got barstools in the pool. we've got cooler built in, serving center. >> the sound, video, and lighting system rivals any bar or nightclub. >> we got three large tvs above us that face all the pool areas. so you can be out on the sun decks and actually can see all you want to see for tv. >> there's another tv here also. >> absolutely. out of the back of our bar, we bring up another tv. >> that's crazy, man. >> so, once it gets at the top, we can turn this and actually face any part of the pool. >> ♪ ain't nothin' but a party goin' on in here ♪ >> it's controlled by 17 pumps that combine to more than 75 horsepower. we've talked a lot on the show about energy-efficient homes and things like that. when you do something like that, can you make it efficient from a maintenance perspective? >> absolutely.

i mean, there's three parts of that. one is making sure the design can be efficient. this, obviously, when everything's running, there's nothing efficient about this. we're running huge pumps, lots of water. but we only run them when we need 'em. so we're only using these when we want them. but during the normal operations, we use energy-efficient pumps, very large plumbing sizes so the hydraulics are superefficient. >> walking up the bridge over the lazy river. i mean, this is crazy. how many times you go through different designs? >> i mean, on a -- even on a simple-as-this bridge, we probably designed four or five or six different models of a bridge. we have amazing software programs. so we're able to put most of this in photorealistic design and come up with being able to see this in the customer's eyes from any perspective. >> it took about 600 tons of boulders, nearly 1,000 yards of concrete, and 9 months of construction for the red rock team to create this oasis. >> so now that we're at the top of the heap here, i mean, i'm looking to see how large these boulders are, man. these -- you had to bring these in by cranes? >> uh, by cranes and by trucks. i mean, the boulder behind you is probably about the size of a cadillac, about 25, 30 tons.

so we're talking a massive amount of weight. >> how did you place them? >> it's somewhat of an artwork to place them. you've got a massive crane that takes four or five spotters, three or four guys working to set the rocks to get it all right. we were here 30 days with a crane just placing boulders. >> but what was here before? >> this was a grassy knoll. the owner built a basement with the house originally, put a bunch of that dirt in the backyard, and just had a nice sloping hill in his backyard. and so we took that from there, ripped it all out, and started building out way up. we're about 550, 600 tons of boulders on the job. there is hundreds of yards of concrete. you know, an average backyard pool, 30 to 50 yards of concrete. it should have probably taken a year and a half. we were out here about 9 1/2 months. >> wow. >> but we were fast-tracking really hard. on any given day, we probably had 70 to 100 guys working on this job. >> obviously, the palm trees would be brought in by crane, also. >> we actually went to l.a. and chose those palm trees ourselves, picked 'em off the mountain, then had them trimmed and brought so we could get matching pairs in the right size. we obviously wanted you, when you came back here, to be awed as you entered the project. and that's part of what pools do for properties, right? it's the curb appeal. when you walk into this house,

it's kind of hard to walk back here and not go, "wow." >> now, clearly, you and i are not gonna be putting something like this in our backyard anytime soon. but there's a lot you can learn from experts like rick before doing any kind of pool project or buying a house that has a pool. we've got that information for you up next. [ woman vocalizing ] ♪ hawaii is in the middle of the pacific ocean. we're the most isolated population on the planet. ♪ hawaii is the first state in the u.s. to have 100% renewable energy goal. we're a very small electric utility. but, if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy.

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>> welcome back. i'm bob massi. i'm standing in an unbelievable backyard pool designed by red rock contractors out here in arizona. now this one is a bit outside of most folks' budget. but no matter what your budget is, there is a lot to think about when it comes to pools. the average cost of putting in an in-ground pool

is about $39,000. but that is just the upfront cost. maintenance, upkeep, and repairs are usually not cheap. >> with any pool, there can be value or there can problems. if it's constructed well, your maintenance can be minimized quite a bit. but many pool projects are poorly designed, very inefficient, and -- and can start to deteriorate very quickly and be very expensive down the road. >> rick's wife, linda, is the owner of southwest image realty. >> a lot of first-time pool owners will not really understand what a pool involves, the maintenance, how it affects your electric bills. >> one question i get a lot is, "will a pool increase my home's value?" the answer, as usual -- it depends. there are a lot of factors, including where you live. >> a lot of times, it's more about overall outdoor living, which very common in arizona. >> mike christensen owns peak one builders. they design and build custom homes with pools and spas. >> i'm not sure i buy in to the theory that if you put a pool in, it actually increases the value of your home.

>> it's tough to say. um, if you probably would have seen this backyard before, you probably would change that statement. but i think it's really dependent on the property. >> well, if i put a $40,000 pool in my backyard, it's not gonna add $40,000. >> right. >> if you spend $40,000, it might add $20,000. but that's really not what they're after. they're after that family fun time. >> a pool is not an investment. it is a lifestyle. there is considerable cost and sometimes aggravation involved. so what you need to be thinking about is your family's enjoyment. >> trying to create an environment that can kind of meet multiple needs. so you can be there and not swim. you can also be swimming. the kids can be playing. but the adults can be hanging out somewhere else. and just get everybody in the backyard to stay at home. >> you hear a lot of horror stories about pool contractors. >> ask for references. uh, make sure he's licensed and bonded, um, and insured. it's extremely important, no different than the inside of the house. >> if you decide to install a pool, think about placement, shape, size, and how it will fit with the rest of your home.

>> when you walk in, it needs to feel like it should be there. and it can't overcome you or be a little postage stamp, either. >> bigger is not always better. >> a majority of people really think too large. and -- and until we actually finish the pool, it doesn't seem like it's big enough sometimes. but when you do it right, when you walk in the backyard and -- and really draws you back in here and makes you want to be a part of this yard. >> when potentially buying a property with a pool, you've got to dig a little deeper than normal. ask a lot of questions. do you look for the repair history of the pool? >> it's actually required that they disclose what they know about the pool. you know, there's some times we still have some flipped properties going on where the owner might not know anything about the history of the pool. that's a really good time to get a special pool inspection done. >> don't forget about insurance costs. a pool increases your liability. and you want to make sure you're fully covered. when it comes to maintaining your pool, it's critical to have a company that knows what they're doing. >> it's one of those markets that's very easy to get into. it's actually easy to stay even if you're not good. you want to look for guys that have spent some time

on education, that understand the operations, the efficiency, the hydraulics. and then get some references, talk to who you want to hire. don't go for the lowest dollar. you're gonna live with this for years and years and years. >> the good news? as technology improves, costs come down and things are becoming more efficient. >> energy efficiency is very key right now with pools. >> a lot of people are getting more educated, too, on what makes plumbing systems efficient. and that comes down to pipe sizing and the hydraulics brought by that. >> a variable speed pump's, uh, extremely important. you do get rebates from the power companies for those. and then the led lighting, which consumes very little, uh, power. >> so even just by changing the pump alone from an older 5- or 10-year-old pump can drop the price of operating the pool 60% to 80%. >> when done right, a pool is not just a hole in the ground filled with water. it should be a key part of an entire outdoor living environment. and when we come back, we've got the massi memo with a lot of tips, so stick around.

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♪ >> welcome back. i'm bob massi, the property man. and it's time for the massi memo. people always want to know if a pool will increase a home's value. and that depends on many factors, as with everything. it's in the eye of the beholder. some buyers want a pool and look at it as an asset. some only see expenses

and headaches and will avoid them like the plague. you really have to base your decision on how it will affect your life. if it's going to bring enjoyment and relaxation to your family, then it's usually worth the expense. if you're buying a property with a pool, find out as much as you can about the condition, the maintenance cost, and repair history. find out if it's going to affect your insurance costs. and don't get caught underinsured. okay, time to answer some viewer mail. anita from valencia, california, writes... well, first of all, as it relates to h.a.r.p. ii, h.a.r.p. ii and h.a.r.p. i was prior to, as you said, 2009.

all i can tell you is the theory behind it is they believe people from 2009 forward knew enough about the real-estate crisis and feel that that's the operative time, 2009 and before. it is not fair. and i wish they would just abolish that and let people refinance their loans like someone like you who's keeping it current. as it relates to other programs, call a mortgage broker that's competent. and the reason i say that is they're always changing programs, federal programs and internal programs of certain lenders. and maybe they will be able to help you. you have to stay on top of it because there are always programs available that may fit your needs. thank you for the mail. that's all the time we have for today. be sure to send me your property stories, questions, or pictures of your property bloopers. send them to... and don't forget to check us out on facebook and twitter. there's also plenty more

information and videos on our website... i'll see you next week. [ woman vocalizing ] ♪ >> in the beginning, god created the heaven and the earth. >> a rocket scientist and minister on a heavenly mission... >> that was my dad's dream -- to get the bibles to the moon. >> ...a parable of loads of fiches... >> a whole bible is on here? >> so the whole 1,245 pages. >> ...lunar bibles, the lost books of apollo. >> well, reverend stout and his wife,en they left nasa, just kind of vanished from the pages of history. >> until a court puts them under a microscope. >> you're saying that her intentions were sinister? >> and the value of each tiny bible -- out of this world. >> items that have gone to the moon can command six or seven figures. >> if you do the math, that's a lot, a lot of money.