see you monday night. good night from new york. maria: happy we can bid welcome to the program but we analyzed the week that was and helps positioning for the weekend. i'm very about aroma. coming up, equity international founder is my special guest this again. let's head over to the foxbusiness a room and get headlines. everything from wall street to main street this week. >> thank you. a week for the ages on wall street. the dow and s&p at historic highs this week as confidence in the strong us economy has been a key overlooking the trade tensions between china and

others. soft, nike and visa were among the big winners this week. all three posted all-time highs. despite the historic week for the dow and s&p stock finished for the week. the market rally came despite news that the trade war between the united states and china is intensifying. this week the white house announced a new round of 10% tariffs and $200 billion worth of chinese goods. the chinese had back 60 billions of us goods. experts are saying right now that hurricane could be one of the costliest dorms to ever hit the us. the storm swept through the mid-atlantic last weekend resulting in the deaths of more than 30 people. experts think the damage cost for the storm to be well over $20 billion. maria, back to you. maria: the federal reserve is expected to raise interest rates to more times this year. the next meeting is september 26 with its next meeting only a few days away, 2018 is entering the

home stretch. investors are exciting to be listening closely to the bed action almost will pay attention to the impact on stocks. you can expect them to be thinking about the broader economy and real estate. he oversees a real estate empire cheering stock exchange investment trust known as [inaudible]. bill famously sold his equity property trust and office space for $39 billion for the 2007 real estate crisis. what does the lc for the real estate market in the economy? in a new rate environment them jointly now. great to have you on the program. >> thank you. maria: let me get your take on where we are in the economy? we spoken in the past and you said you are a seller of commercial real estate and wordy about the pockets but where do you see things today? >> i don't see any reason to really change my viewpoint. i have been one who has been a

seller of real estate primarily because i was not a buyer. but every analysis comes down to the day you don't buy you sell and the day you don't sell, you buy. then you say what is it - where do we stand and how are evaluations relative to historic et cetera and i think things are frothy and the benefit is a significant way from the fact that there has been a gift of supply and the drift of supply is shortchanging. we are seeing very significant new supply in office and see new supply in multifamily. the flavor of the month is industrial and i don't know but i do a lot of reading and look for idiosyncrasies. one of the particular things that i found is that everybody in the world is building

industrial. now, i know that amazon is terrific and i think they're great company but everybody is building industrial everywhere? and building it and using - million, 2 million square-foot building and i just wonder whether, you know, the lack of discipline that marks the real estate in the is not coming but something said it so well when he who fails to learn from history has condemned to repeat it. i just have this sense that we have a lot of supply coming on and it will affect various parts of real estate and different sectors and different times. maria: buyers have changed. you mentioned amazon but they're not looking for warehouse space so that they can deliver items in short proximities. you have healthcare fine up lots

of the space and living longer and while this is a major trend right now so doesn't matter to you that the tenants have changed, that the buyers of some of the industrial has changed? >> the answer is - i discussed it with someone another day we talked about the fact that i raised the first opportunity fund in 1990 and raised a billion dollars. maria: back then. >> yes, the biggest bond anyone raised. no sovereign wealth funds. a lot of different - 79 investors for 1 billion, $50 million. maria: incredible smack by million-dollar institutional investors alongside 150 million dollars investors in that world has changed. it's a lot of capital out there and looking at opportunity. maria: but you are seen opportunity and the like waste and logistics. >> i think that we are investing

in those arenas in the waste space which is and we felt that there was a real opportunity to acquire and rollup companies and been involved in that. we been involved in both energy and refinery space but we are looking for - we have no choice but were looking for the specialized situations where we can what are our strengths. our specialty is speed and certainty. so, were looking for opportunities for you get paid for speed. maria: that the good way to put it. you got to make a decision. >> well, who am i competing with? institutions that have committees and go through a long process.

that is my favorite competitor. i just can't get enough of them. maria: sam, stay with us. more to discuss when we come back with sam zell, one wall street returns. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. is important to me so father being diagnosed with advanced non-small cell lung cancer made me think of all the things that i wanted to teach my kids. (avo) another tru story with keytruda. (roger) my doctor said i could start on keytruda so i did. with each scan things just got better. (avo) in a clinical study, keytruda offered patients

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maria: will come back to wall street. billionaire real estate investor, sam zell my special guest as we can. in terms of energy specifically, is that the drillers, service companies, the fracture, where specifically are you seeing the opportunity within energy? >> we have done a bunch of different things. we put together a new york stock exchange public company called par petroleum that is really focused on refineries.

we have a refinery in hawaii here and wyoming and other refineries assets on our agenda. all of which are acquirable at significant discounts to what it would cost to replace them. you may argue that there is no justification for fully replacing them but i don't think that jet fuel is going away and i don't think gasoline is going away in the next two weeks. therefore, i think that some of the analysis of the refineries is under representing what the opportunities are. looking at different places in the united states, invested in [inaudible] and invested in [inaudible] and invested in colorado gas. we try to have a broad perspective without making too big a bet on anyone around.

maria: it's extraordinary that the us is or is about to become an oil and energy exporter. >> how many years did we listen to every political campaign that started with energy independen independence. maria: exactly. >> and, you know, we've achieved energy independence. maria: that was one of present drums main goals in moving economic growth. we sought two straight quarters of a% growth and to what you attribute that and how would you characterize the broader economic backdrop? is it tax policy and rollback of regulations or something else? >> i think it's an attitude. i was talking with someone the other day who is in a highly regulated industry and basically said to him what was it like this for and what is it like n now. he said before the discussion

with the regulator was always about how much the punishment would be. today the discussion with the regular is how can we avoid punishment and that changes the way people look at everything and if you view the government as a major impediment then you go out of your way to avoid the government. in many cases, that defined itself is not making investments and not taking risk. maria: right. >> other side of the coin as if there's a positive attitude then that encourages people to take risks and the best capital. to test the limits. maria: to higher interest rates and a string of rate hikes change the scenario. yes, you're right. animal spirits have been unleashed. they were sitting on cash and other not. federal reserve that is bent on

taking rates up from the bottom and probably the rates go up next week when the fed meets with your take on the impact? >> a guy named jim grant. maria: been regular on the show back two or three years ago he writes this thing called grant support. maria: grant interest rate observer. >> and he had an article once, two or three years ago about someone calling and asked about interest rates and said it's a little bit like, to me, and ba. he says let me explain. he says up until whenever it was in 1957 basketball had no shot clock. so the worst example which was the lakers beat the syracuse nationals and the next day the owner of the nationals put in a shot clock. it saved basketball. in the same manner i would argue

that low interest rates at the level at which we have been for the last few years . maria: we were at zero. >> from my perspective that illuminates the sense of urgency. if you limit the sense of urgency it changes the way you look at any opportunities and meet talk about the guys who have huge amount of cash on their balance sheet and the interest rates say zero what the urgency to invest it. maria: you want this mini ablation to stop? you want rates to be where they naturally shut? >> the governments of the world manipulate . maria: currencies. >> since the beginning of time and it would be nice that we went on to impede that from going forward but that's not exactly a realistic assessment. i thank you need interest rates. at reasonable levels in order to encourage people to act.

if i don't have a meter on my decision-making that it's a big impact on how i make decisions. maria: good point. sam, stay with us. more to discuss when we come back with sam zell when wall street returns. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. 'saved money on motorcycle insurance with geico.

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simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. maria: welcome back. legendary real estate investor, sam zell my special guest. what about this narrative because of higher interest rates because of demographics, i don't

even understand the art meant that there minute things will slow down and that were looking at a 3% growth year this year but by the time 2020 rolls around we may be talking 1.9, 2% which comes from the dow federal reserve. >> i don't know who is head of the federal reserve. maria: robert kaplan. >> i thank you got a great track record. my guess is, my guess is he'll be running again. we are sitting here talking about growth rates between three-4%. allow me to remind you when that was brought up in the presidential election in 16 that the candidate who suggested that we could grow at three or 4% was hillary - [inaudible] yet, here we are. change the perspective and attitude and way people think about opportunity.

maria: let's talk about the issues that are of some concern to some, trade and tariffs. what is your take on where we are now with canada? china and the us has perspective china for the theft of intellectual property which china still will not admit. the force transfer of technology and doing so with tariffs, will it work? >> well, the answer is if i knew whether it will work or not, i would be rich. maria: i thank you are rich. [laughter] >> you have made me bad but i just don't think that people have looked at this problem from a broad enough perspective. let's take nafta. we created nafta 25 years ago. nafta was 50% foreign policy and 50% trade. what was the foreign policy? stop illegal immigration and solidify our neighbor to the south guess what? both of them worked.

in worked great. well, it's 25 years later and maybe it's time - maybe we should take another look. i think that is what the ministration is done. interestingly enough, i'm close to the mexicans involved in my initial reaction was i thought this would be wildly and tight us but in effect they said to me we need to rethink how we do things, including the fact that nafta has a shifted our thinking so that we only think about markets to the north when in fact there are lots of markets to the south and in europe that we not developed and maybe this will help us do that. maria: you have the midterm elections, third corning recorder earning season on the rise and let's go back to the us to get your take on what is going on here with evaluations. you see these catalysts been an

issue for markets? >> well, i think that the markets are first of all bifurcated - seven or eight facts that represent all the growth or most of the growth. maria: yeah, those stocks alone represent almost 10% of the s&p 500. >> i'm not sure you're old enough but i was around the nifty 50 and i don't know what percentage of those nifty 50 reps and in but it was a similar - it was a significant percentage and then it changed. some of the evaluations today are challenging to understand one of these committees sells for 125 times earnings did you do the math and 125 times earnings means that the return on capital is under 1%. if you have a company that's trading at 125 times earnings in

order for it to justify that ratio has to be 25% of the us economy in five years. i'm willing to bet on public television that ain't going to happen. by the way, the last time i looked at the numbers like that was 1997 and the company selling for 125 times earnings was called cisco and we would know what happened there. maria: cisco plummeted. >> every company plummets from those levels. we not even talked about tesla. maria: i was just going to ask you. >> explain it to me. maria: what do you say to tesla? >> i don't know what to say. company loses money after significant subsidies from state and federal governments and still loses money. maria: burning cash. >> there's a guy who is the ceo who does things on twitter that everyone else goes to jail for. i would go to jail if i

announced that i was taking one of my companies private and funding was secured. they would hang me out to dry. how come he misses the [inaudible] how come he gets the past? we done that before. the guy who ran enron got a pass. we seen other situations where we glorify people who where reality is no longer relevant in making a decision. making a decision. maria: great to have you on♪ this is the angel oak. some say the oldest living thing east of the mississippi. it's weathered countless storms. battered, but never broken, it stands for the resilience within us all. ♪

maria: time for look at the big market events coming up in the week ahead that could impact your wall. a number of things looking at earnings to tell you about. monday we hear from the dow federal reserve manufacturing survey and onto the latest meeting in dc and inspecting another rate increase to be announced after that meeting.

we also hear from the home schiller home price index. on earnings pretty good week we find out if the colin cabinet controversy as i did negative bottom-line as they report their quarterly numbers. once a fomc has press conference on the meeting at the end of that to the meeting and earnings from carmax and bed bath and beyond. on thursday with the gdb number and we know we saw two quarters of 4% plus growth in the gdp will be closely watched. also close watch, pending home sales and on earnings mccormick and company and accenture will report their quarterly numbers. friday ending the week with data on personal income consumer sentiment and earnings from bill resorts. coming up next week, joined the economist my special guest and will check in with doctor ruffini to see what he thinks about investing in the broader economic apartment today. plus, a few on sunday morning on the partition office anybody futures, catch the show live 10:00 a.m. eastern on fox news

channel. plus, start smart every day on foxbusiness, today we days for the foxbusiness network in the mornings with maria live from six-9:00 a.m. eastern. we set the tone for the day >> 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 ] buying or selling your home is one of the biggest financial transactions you'll ever make. and it's not cheap. but the internet changed nearly every industry imaginable, including home sales. >> in the olden days, if you wanted to have access to the available properties for sale, that was through the mls. the only people that had access to the mls was licensed agents. >> erin o'connor has been a real-estate agent for 12 years in the greater phoenix area. >> with the onslaught of the consumer websites like trulia and zillow and homes.com and realtor.com, consumers are getting more and more information online. >> so about a year ago, erin decided to try something radically different. >> i decided to reduce my listing commission to a flat rate

and keep the buyer's agent commission the same. >> with the flat rate option, the seller pays one set amount and not a percentage commission. it's not a new concept. but it's a bold move because it disrupts the system. we're gonna go meet erin. and he's gonna let us tag along to meet his clients. hey, erin. what's up, buddy? >> hey, bob. good to see ya. >> so let's go meet your clients. >> jack and sharon. >> yes, sir. >> they are considering puttin' their house on the market. just wanted to visit with me about what they can expect. >> jack and his wife bought this 3,100-square-foot home about 12 years ago. but recently, they've been thinking about downsizing. >> every time i sold a home, i had this feeling of -- of i'm paying too much money because they don't seem to be doing anything. but the -- the way we have always done business for decades is so ingrained -- >> yeah. >> it's very difficult to change a habit. >> i had always felt it was weighted improperly. a listing agent does a tremendous amount -- less amount of work than a buyer's agent does.

yet their paychecks are exactly the same. if one family has a $300,000 home for sale, then i will perform a set of services for that person identical to the same set of services that i would perform for jack in his $600,000 house. >> so if we look at the standard way of listing -- let's say you wanted to list it for 600,000. at 6 percent, that's a $36,000 commission, $18,000 to each agent. >> that's significant. >> so is it your intentions then to go by a flat rate? >> absolutely. if i can save 14 grand by going with erin, who's gonna do the same thing and is licensed the same way that the other people that want me to list with them -- >> then, why not? >> no, why not? >> real-estate commissions are negotiable. but that can be sometimes tough to do. six percent is what's most commonly charged, usually divided between the buyer's agent and the seller's agent. so you're doing exactly the same thing. but the consumer understands

this is how much it's gonna cost if the house is sold. >> absolutely identical. >> and the buyer on the other side, the agent still gets their 3 percent. >> the buyer's agent deserves their full 3 percent. if i take your home and i do brilliant photography, i price it properly based on the market conditions in the area and we get it out on mls, the home is gonna sell. and it's actually gonna sell by the buyer's agents. >> well, sure because you're out showing homes all day long. >> absolutely. showing homes, dealing with lenders, dealing with title, dealing with escrow. >> erin says the easiest people to convince are customers who have used him in the past and paid the full commission. sandy and her husband bought and sold investment properties. and they often turn to erin as their realtor. >> through erin, we bought four houses, three of which were investments and one my daughter and son-in-law live in. >> how did you view the idea of commission, a commission-based contract?

>> by the time you do 6 percent commission on the sale of a house, especially in california where we live, that's a chunk of money. >> right. >> for one piece of business. >> for one transaction. but in the past, that was the way, at least, you did the business. >> you had to. >> no choice. >> no alternative. >> when her husband passed away, she decided to sell some of the investments. >> my financial adviser really wanted me out of the real-estate business. >> mm-hmm. >> so i went to erin with that house. and he said, "oh, by the way, i'm doing this new thing." >> did you ever get a sense that you would -- sort of the services would not be as extensive as if it was on a commission? >> i wouldn't agree to an arrangement that did not add all of those things that you come to expect from your listing agent. >> bottom line is, you saved a lot of money. >> yes. >> and that's important. >> i came back with the second house. i saw no difference between

the first house he sold at full commissions and the two flat rate. >> so how do your fellow colleagues view this? >> i have definitely had some professional blowback. i'm saying out loud what a tremendous amount of agents and brokers for years have always known. >> when we come back, i'm gonna take you inside the mansion behind me. it all started from a stick of gum. [ woman vocalizing ] 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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♪ >> welcome back. i'm bob massi, the property man. and i'm standing in phoenix, arizona, at a property with a fascinating history. in 1891, a man named william wrigley jr. moved to chicago with $32 to his name. and he began selling soap and baking powder. his business did well -- even better after he started giving his customers sticks of gum. soon, the gum was a bigger draw than the soap.

and wrigley's became a major brand. in the early 1920s, william wrigley bought the chicago cubs baseball team and then the arizona biltmore hotel. in chicago, he began expanding and renovating the cubs' stadium, which would become wrigley field. in arizona, he decided to build a winter cottage for his wife as an anniversary present. between 1929 and 1931, the wrigley mansion was constructed on a mountain overlooking the city of phoenix. >> the wrigley mansion is just a rare, unique beauty here in the phoenix valley. >> now tourists and locals alike come here for tours, meals and private events. ben sinon is now the mansion's general manager. >> and you show your guests -- very few homes in the area have been around quite as long. and very few homes have as much to see. >> this little winter cottage was the smallest of their five homes, coming in at only 17,000 square feet. i guess a lot of people

were buying chewing gum at that time. >> as winter would set in in chicago, the wrigleys would travel out this way, spend about 6 weeks a year here. >> it was only meant as a stopping point for the wrigleys to spend a few weeks a year as they traveled between chicago and catalina island. so the home didn't need much -- only 24 bedrooms, 12 bathrooms and 11 fireplaces. >> mr. wrigley was a really humble guy. he really liked to always pay homage and -- and remember where the family fortune had come from. so in all of his mansions across the country, had one room that was lined with gum foil wrapper from -- from the gum factory. in this case, it was a telephone room. every member of the family learned how to operate the switchboard so they could make calls down to the hotel to speak with their guests. many a visitor who had come to the home throughout the '70s still said that at that point, you could still smell the spearmint coming off the walls. >> that's fantastic. >> you have what is called a cantilevered staircase. quite a architectural feat for the 1930s, a staircase that is designed with no under-support beams, only supported on one side from the wall.

as we make our way up the cantilevered staircase, you really start to see the intricacy of the design work in the ceiling. one of the other highlights here in the main entryway is the original chandelier. a chandelier was meant to make a grand first impression as well. >> mr. wrigley bought catalina island and for 10 years also ran the catalina tile company. >> all the tile you see in the home lining the hallway we're walking down as well as on all of the fireplaces and in the bathrooms upstairs was all brought over from catalina. >> and it was not easy getting them to phoenix. >> the closest road was about 7 miles from here. so everything was brought over by ferry from catalina, by train from long beach and then brought by mule to the property. now we're here in the living room -- once was the wrigleys' formal living room. the ceiling here is quite a showcase. one of the really most popular things is this custom-built steinway piano. >> oh, wow. >> it's one of two in the world. the other's at the smithsonian in washington, d.c., and kept in storage.

it's an automated playing piano. quite innovative technology for 1930 -- >> i would think so. >> when the piano was designed. [ piano playing ] definitely one of the highlight pieces of the tour -- >> of course. >> for out-of-towner visitors. this area, the living room and this veranda portion is utilized for weddings, corporate functions, and really is a showcase for spectacular sunset views, beautiful-to-watch storms and just great scenery of the phoenix valley. >> what -- what a great area to have, like, a wedding reception or just a cocktail party. it's magnificent. >> originally, the wrigleys actually had a few estate homes down here in now this residential community. >> mm-hmm. >> and one day, mr. wrigley was looking up this 500-foot knoll, saw the property and thought it would be a great place to put his wife's 50th-anniversary present. so he purchased all of the surrounding property in the area. >> [ laughs ] ♪ >> now we're moving into the library, one of the rooms

in the house that's still originally intact. the home was built during prohibition. the wrigleys weren't big drinkers. but they were entertainers. and they liked to have people over. so they did build a little cubby hole in the library for all the scotch and whiskey to be kept out of sight but on hand if necessary. >> sort of like a secret room for booze. >> absolutely. >> william wrigley died in the home in 1932. and the family sold the estate in 1973. at one point a few decades later, the city of phoenix almost tore it down to build condos. but in the '90s, it made its way to another billionaire with a famous name, geordie hormel of hormel foods. >> he purchased the home in 1992. and his family still owns the home today. you see the bar is built around the original concrete columns that support the upper balcony. >> mm-hmm. >> and this was all outdoor up until about 1995, when this bar was built in. >> hormel and his wife restored the mansion and wanted to turn it into a destination

and an event space that is open to the public. technically, though, believe it or not, it's a residential building in a residential neighborhood. it's classified as a "private club." >> geordie thought that everyone should be able to see it. so membership was made very attainable. we have a $15 annual membership that includes complimentary valet with every visit. >> so what if somebody wants to just come in to have dinner? how does it work? >> we do offer a $5 monthly trial membership. again, that's for you and any guests that you may have with you. just our way of keeping the hoa around us happy and following all the rules. >> geordie's steakhouse is still a popular destination for lunch and dinner. all this from some chewing gum. when we come back, i'll take you inside this exclusive hillside estate. you don't wanna miss it. [ woman vocalizing ] ♪

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♪ >> welcome back. i'm bob massi, the property man. there are some luxury properties that just soak up the essence of their surroundings. and i found one here in lost canyon north of scottsdale, arizona. ♪ i said at the beginning of the show that there are some properties you need to see to believe. and this is one of them. so i asked realtor dave pattison to show me around this stunning hillside estate. >> welcome to lost canyon. i think you're gonna find this to be quite the special home. >> it is. it's beautiful. the home is tucked perfectly into the natural landscape of the mcdowell mountain range. >> it sits up on the top of the mountain, looks down over the valley. we're gonna cross over the creek and make our way up to the front. >> you talk about the creek, but the water runs underneath the house. >> that's correct.

>> and this is a whole new definition of a play area. that's for sure. >> yeah. this used to be all rock. >> the current owner decided to build a playground and built one with possibly the best view of any playground around. he has a place to hit some golf balls, i see. >> yeah. you can chip it over and -- right by the front door. >> take care of business. this is great. >> come on in. >> looks like ben-hur's door. >> so you come in. and you hit the main living area. they've incorporated some of the natural stone from the site itself. >> it's beautiful. >> they built it right into the house. and then we make our way into another living area. so it's a split fireplace. so each side of the house has its own viewing of the fireplace. and it all looks out over the valley as well. >> yeah. the view... you never lose the view. ♪ you know what i always find interesting, dave, is the unique taste that people have, which, obviously for you,

you have to find a special buyer. >> oh, yeah. but it makes 'em fun to sell. >> yeah. >> i mean, somebody that can appreciate the fine stone, the wood-beam ceilings. >> somehow, the house doesn't feel too big, although the large entertaining spaces seem to just keep going on and on. not content just sitting in front of one of the 10 fireplaces? well, you could take in a movie in style within the full home theater. >> the master suite is separate from the other bedrooms in the house, so it allows for a lot of privacy. >> let's go see the office. >> bob, this is my favorite room in the house for sure. >> oh, this is beautiful. >> as you can see, he's quite an avid gun collector, old antique pistols, rifles. >> i love rooms like this, where you can really feel the character of the homeowner without ever even meeting him. the wine cellar is not just a functional place to store wine -- it is a work of art. >> you enter in through the rock tunnel -- >> it's like a catacomb.

you know, you start walk in these little tunnels here. >> eight hundred bottles -- >> oh, it's beautiful. >> nice and cool in the summer in here. the current owner, when he wants to tinker, he goes down to his basement of the home. >> oh, yeah. >> how 'bout that? all diamond plated, collectibles. you wanna work on your cars and lift your engines out, you can do that in here. get a look at this motorcycle here. it's a replica. >> another indication that this guy has certain passions in life. every guy in the country's gonna envy this right now. but that looks like terminator over here. >> yeah. he built that himself here at the property. you can tinker all day long down here. >> yeah. you really could tinker all day long. it's like his tool shed, man. he's in his garage. and he's putzin' around all day. >> no doubt. >> good for him. >> this home is very special because you can be outdoors all year round. we are a short and flip-flop type kind of lifestyle here in arizona. so you can be out

on the covered patios or just splash around in the pool. >> the glass pool is what's called negative edge. it gives the feeling of never ending and overlooks the entire valley. >> the outside west-facing home is really a treasure. the elevation allows for just uncompromising views of the valley. you get incredible sunsets. >> this casita is a separate structure perched above the main property. as if you need an even more peaceful place to take in the views, it's the highest point on the property and a priceless place to enjoy a morning cup of coffee. >> we have misters on the patios that cools it, that makes it livable even in the hot summer heat here. >> the estate sprawls 14 acres, which include a mile of hiking trails just within the property itself. it really offers the best of arizona desert living, unbelievable privacy surrounded by nature but close to every amenity available.

up next, we're digging into the property man mailbag yet again so i can answer your property questions in the massi memo. stick around. [ 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. bravo, tall meeting man. start winning today. book now at lq.com start winning today. and now you know.ed- jardiance is the only type 2 diabetes pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c, with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away

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and i'll always be proud that we're not just building america's first 5g network. we're doing it right. ♪ ♪ >> welcome back. i'm bob massi. and it's time for the massi memo. i'd like to take a minute to answer some of the many questions i get from viewers. now, due to the volume of mail

we receive, i can't answer every letter or e-mail individually. but i do try to read them all. so jim and lori write... look, you're in a tough spot. why? because the lender is going to be loyal to their appraiser. and they're always conservative. and appraisers today are paranoid about not doing exactly the value they believe is true. as a matter of fact, many times now when an appraisal takes place, you're not even allowed to be in the home. you can't even talk to the appraiser. but here's what you can do.

first of all, go hire an appraiser. have them critique the particular appraiser and his work. point out the deficiencies. give that information to the bank to see if, in fact, you could prove that the values that were given were inappropriate, that they should've done the comps in the area. that's very important. number two, there are divisions with the state where you could file a complaint against a realtor and against an appraiser to challenge it and say, "look, this is something that was not done properly." the problem with that is it takes a long time. so in your situation, unfortunately, you and i who wanna buy a home or refinance a home, so often, we are 100 percent dependent on the appraiser and their findings. 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 propertyman@foxnews.com. and don't forget to check us

out on facebook and twitter. there's also plenty more information on videos on our website, foxnews.com/propertyman. i'll see you next week. [ woman vocalizing ] >> after years of scouring the ocean floor, a treasure hunter with a simple motto... >> today is the day. >> today is the day. >> today is the day. >> ...hits the mother lode. >> ...a shipwreck, which had 40 tons of gold and silver and copper on board. >> when his heirs cash in, collectors grab a piece of the action. >> a gold chalice. $100,000 to open the bid. >> but this treasure hunt is far from over. >> is it true that there's a 40-pound bag of emeralds down there? >> it's 70 pounds of emeralds. >> could you look harder?