tv Lou Dobbs Tonight FOX Business December 1, 2018 10:00am-11:00am EST
7:00 am
these disruptive times. another in-depth interview friday at 9:30 p.m. eastern. i hope to see you then. thank yo >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real-estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back, and nowhere is that more clear than the sunshine state of florida. so we headed from the strip to the beach to showyou how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe, and give you the tips that everyone needs to navigate the new landscape, because information is power, and the property man has got you covered. [ woman vocalizing ]
7:01 am
thanks for joining us. i'm bob massi. a while back, i introduced you to david and jackie siegel, the billionaire couple building themselves the largest home in america. this project started 12 years ago, and construction is still going on. but now a personal tragedy has completely changed the focus of their lives and, of course, adjusted their priorities. in a few minutes, i'll take you inside the home, and we'll hear what their mission has become. but first, let's take a look at how they got there. david siegel -- well, he knows about construction. he built the time-share empire westgate resorts from scratch, starting with 16 villas in an orange grove outside of orlando and growing into the largest privately owned time-share company in the world. but in 2004, david and his wife, jackie, took on a completely different construction project, building a dream home that would end up being the largest in america. 12 years later, it is still
7:02 am
a work in progress. the 90,000-square-foot house was set to contain 13 bedrooms, 30 bathrooms, a bowling alley, indoor swimming pool -- guess what? -- a 20-car garage. the sprawling estate was about 60% completed when the economy crashed back in '08, almost taking all of westgate and all of siegel's fortunes with it. david and jackie were forced to stop all construction on versailles and eventually list a half-built mansion for sale with a price tag of $100 million. the entire ordeal became part of the documentary "the queen of versailles." but the economy improved, westgate resorts came back, and, again, the siegels bounced back, and in the end, the versailles estate -- it was never sold. construction -- it ramped up again. then last summer, tragedy struck. the siegels were faced with every parent's worst nightmare, the death of their child. 18-year-old victoria siegel
7:03 am
had graduated from high school with dreams of opening her own sushi restaurant, but she also had developed an addiction to prescription drugs. >> i didn't even know she was on drugs. that's how scary it was. >> last june, while jackie and david were out of town, victoria died of an overdose at the mansion that the family was living in while versailles is still being completed. >> we flew back immediately, and before i even buried her, i decided that i was going to spend the rest of my life doing something about this horrific problem -- drug addiction in this country -- and i didn't know what i could do to make a difference. >> the death of someone changes your whole life. i mean, losing my daughter, all my priorities have changed. >> the house is on the back burner. although it's under construction, we will finish it,
7:04 am
it's not a top priority right now. >> i don't even really care about versailles anymore, you know? i mean, it needs to get done. i'm not gonna leave it in a shell, but... >> the siegels instantly changed the focus of their lives. they launched the victoria's voice foundation, a charity aimed at raising awareness and supporting youth and families affected by substance abuse. >> we can't bring her back, but what we can do is try to just bring awareness, let people know the dangers of the drug overdoses. every four minutes, there's a drug overdose. >> david siegel -- well, he poured himself into the issue and began researching teenage drug addiction. even with running westgate and overseeing all the construction of the mansion, david says his number-one priority now is to help teens struggling with drug addiction. >> it is being brushed under the carpet. 350 people a day.
7:05 am
that's like a jumbo jet liner with 350 passengers crashing at the airport, and it goes unreported. there is a product out there. it's called naloxone. if a person who's overdosing is caught before they die, and you give them naloxone, 5 minutes later, they'll be standing on their feet telling you what they took. it's like antivenin for a snakebite. so my first goal is to get drug testing. my second goal is to get naloxone in the hands of everybody in the country. it should be as common as aspirin. >> he also wants to bring together the thousands of small family foundations people often set up after a loved one dies from an overdose. >> you see in the paper "in lieu of flowers, make a donation to mary jane's foundation." they raise a little bit of money. they have no guidebook. they have no game plan. so what happens? it disappears. there's a lot of things that
7:06 am
they could do. they could go talk to school assemblies and get on the stage and say, "i don't want your parents to have to be up here talking to you like i am today." they can go to their politicians and get certain local laws passed. i'm coping because there'll be a day -- i don't know when it will be -- that i'll know that i saved enough lives where i can actually say, "it's lucky for these people that my daughter died because all these people are gonna be living as a result." her legacy is gonna be that millions of people are gonna get help and stay alive because she died. >> through her grief, jackie's determined to keep moving forward and looks towards the future. >> versailles needs to get done, but i want to get more involved with helping save lives, helping people with their drug addiction. >> she's not been back to versailles since victoria died, but agreed to return for the first time to show me
7:07 am
around, and it wasn't easy. we'll go inside when we come right back. we opened our doors with 70-megawatts, 35 mules, and an ice plant. but we brought power to the people- redefining what that meant from one era to the next. over 90 years later we continue to build as one of the nation's largest investors in infrastructure. we don't just help power the american dream. we're part of it. this is our era. this is america's energy era. nextera energy
7:10 am
♪ >>david and jackie siegels project to build themselves the largest home in america has survived some major setbacks. jackie has not been back to the site since her daughter died, but has vowed to get the project on track and agreed to show us around. ♪ >> walking down this area here, it reminds me of being in one of those magnificent cathedrals, for example, that you'll see in different parts of the world, particularly in europe. >> yeah. >> and tell us about this great room. >> it's so big that you can actually put a four-story building in here, but that's how tall our ceilings are. what we plan on doing is having some spectacular charity events here. that's why i wanted a great room, and especially now that we have our victoria's voice foundation, we'll probably have a huge kickoff party...
7:11 am
>> sure. >> ...in memory of her. >> let's talk about this beautiful rotunda up here with this stained glass. >> this glass, it's by an artist named bogenrief, him and his son. it took him a few years to piece it together, and it was over half a million dollars. >> what i want to do is do a mirror image of that window on the floor, and i want to use, like, real semiprecious gemstones. ♪ so, jackie, you know, when you look at the situation, people will say "why?" this is how many square feet? >> this home is 90,000 square feet, but we're probably gonna add like a guest house and a tennis club. >> 90,000 square feet, 30 bathrooms -- >> yeah, over 14 bedrooms. >> over 14 bedrooms, 9 kitchens -- and that includes a commercial kitchen. >> right. >> multiple dining areas. >> yes. >> bowling alleys and everything else -- what is the motivation behind this? >> we didn't plan on building the largest home in america, but by the time -- like, i
7:12 am
wanted a health spa, david wanted a movie theater, we added another movie theater, then he wanted bowling alleys, and then... >> it just sort of -- just morphed. >> in order to fit all that in. ♪ >> how much property does this sit on? >> this sits on 10 acres. i think it takes up a whole acre just for the house. if you go into a walmart -- you know how big walmart is. >> i do. >> it's the same square footage as a walmart. >> that's big. ♪ now we're entering the master-bedroom area. >> you have to take a tour just to get through the master bedroom. >> i'm picking up what you're putting down on that. i understand. we're having a living room in the master bedroom, along with a kitchen. >> right. >> you don't want to have to go downstairs. >> we won't have to go too far for a cup of hot milk in the middle of the night. this i think you would call the bedroom chamber. the bed is gonna be on a motor that you can turn the bed, push a button, and you could face the fireplace, watch tv, or it can shift around, and you can have the beautiful view of
7:13 am
the lake. >> it's full service. it's full service. [ both laugh ] >> by the way, every bedroom in this house has a jacuzzi, even our servants'. >> we are now walking into your closet. do you have, like, any idea at all how many square feet this area is alone that's part of your closet? >> well, i know it's larger than most people's homes. >> yes. >> probably 1,500 square feet at least, maybe 2,000? >> yeah, it's big. and i'm seeing something over there that looks like it's two doors with gold, and it looks like it opens, which means it's probably an elevator. >> oh, you're good. >> it's amazing. well, you know, i'm the property man. [ both laugh ] do you ever, like, pull in here one day and say, "why -- why do i need all this for?" >> you know, actually, the house isn't, like, as important to me anymore as it used to be. >> of course. >> you know, since we lost our
7:14 am
daughter... >> understood. >> ...we kind of put it like on the back burner, but the thing is, since we've already started it, it would be a shame to not finish it at all. >> of course. was there ever a point where you said like, "enough is enough here"? 'cause now you're telling me you're expanding your closet, and... >> it was kind of a long process. so it's not that shock, you know what i mean? >> it's shocking, jackie, no matter what. it's shocking, okay? >> funny. >> it's hard to believe you want to leave the house, okay? >> we'll never have to. >> no. i'm talking about just to come out here. >> oh, okay. >> but when you come out here, and you have this beautiful view. >> i think we have like 1,500 feet on the lake. >> and then this is gonna be the pool area here? >> one of our six pools. >> six pools? >> inside the house, we have an indoor swimming pool, and then i wanted to put an ice-skating rink down on the bottom of the house, but just dealing with the zamboni and all that just seemed -- >> oh, you don't want all that aggravation. you got six pools. what do you need all that aggravation? >> so i put a roller rink instead. >> oh, so you rent out the roller skates? are they free? >> i'll give them away for free. >> i'm sure by the next time
7:15 am
i talk to you, there's gonna be some other things you're gonna add on... >> yeah. >> ...and change. and david will never know until it's finished, right? >> or until he watches your show. >> that's exactly right. >> [ chuckles ] >> coming up next... you may have heard of safe rooms, but you probably think it's not something you need or a luxury item you can't afford. you'll be surprised to hear what we've learned. so stick around. [ woman vocalizing ] a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere.
7:16 am
gig-fueled apps that exceed expectations. comcast business. beyond fast. 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 a longer life than chemotherapy. and it could be your first treatment. keytruda is for adults with non-small cell lung cancer that has spread... ...who test positive for pd-l1 and whose tumors do not have an abnormal "egfr" or "alk" gene. it's the immunotherapy with the most fda-approved uses for advanced lung cancer. keytruda can cause your immune system to attack normal organs and tissues in your body and affect how they work. this can happen anytime during or after treatment and may be severe and lead to death. see your doctor right away if you experience new or worsening cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting,
7:17 am
rapid heartbeat, constipation, changes in urine, changes in eyesight, muscle pain or weakness, joint pain, confusion or memory problems, fever, rash, itching or flushing, as this may keep these problems from becoming more serious. these are not all the possible side effects of keytruda. tell your doctor about all your medical conditions including immune system problems, or if you've had an organ transplant or lung, breathing, or liver problems. (roger ) before i'd think of the stuff i might miss. but now with keytruda, we have hope. (avo) living longer is possible. it's tru. keytruda, from merck. ask your doctor about keytruda. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience.
7:18 am
my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >> welcome back. i'm bob massi, the property man. you know, the jodie foster movie "panic room" introduced many people to the concept of safe rooms. >> you have your own ventilation system and a bank of surveillance monitors that covers nearly every corner of the house. >> what's to keep someone from prying open the door? >> steel. very thick steel. >> but safe rooms aren't just to
7:19 am
protect you from movie villains. they can keep your family safe from any type of danger -- tornado, hurricanes, intruders. and they could be a lot less elaborate and more affordable than you think. carl ludecke and his daughter, kristin beall young, build custom homes at charlie johnson's builder in central florida, and they offer an optional safe room built into every house. >> there are a lot of reasons that people would build a safe room, whether it be tornados, hurricanes, fire. here in central florida, of course, we have seen the devastation that comes with tornados, with hurricanes, and so many people in this area know families that have been impacted, people that have been killed, that have been hurt. >> but once the rooms are built, you'd never know. >> normally, it's integrated into either a bathroom that doesn't have windows, an interior bathroom, or most of the time it's actually a closet. once it's completed, it's drywalled and painted, et cetera, you would really
7:20 am
never know that it was a safe room. >> and just like everything else in custom home building, they could be as simple or as elaborate as you want. >> there's a variety of doors that will come with these houses. it just depends on how much you want to spend. you could get a steel door in a frame where, when you turn the lock, it's just like a bank vault door. >> the nice thing is that a safe room can be used for a lot of different reasons, whether it be an intruder, a place to store valuables, a place to go during storms. >> here's the important thing. they got to be strong. >> people are killed because those trees fall on them in their homes. so this room is a place that could withstand that tree falling on the house. >> in fact, they could withstand a lot more than that. safe rooms are tested to ensure that they can stand up to pretty much anything you can imagine. these safe rooms were built with bullet-resistant panels made by armorcore, and as you
7:21 am
can see, they're virtually indestructible. [ gunshot ] the weather channel put one safe room to the test by blasting it with a jet engine. >> these rooms are engineered for 250-mile-per-hour winds. every cell of the concrete block is reinforced with rebar, and that rebar goes from a separate footer system all the way up the walls, across the top of the ceiling, and then back down, and it's all tied together. if the whole house collapsed around it, the trusses fell in, the walls fell in, it is an entity unto itself with a separate footer system, a separate ceiling. >> and stronger materials can make a huge difference. think a cinder-block house is secure enough? the insurance institute for business and home safety test structures made both with common materials and stronger, reinforced materials. >> they actually build houses in a facility in the carolinas, and they wind-test them, and
7:22 am
you can see them coming apart. we have a safe room that is integrated into the master closet, and it's accessible from the master bath. we've got poured cells that are reinforced with steel running in every cell all the way around the room. it can withstand a lot higher wind load than, let's say, the rest of the house. >> those plans are for a home with a safe room that they are currently building with cynthia and her family. >> a safe room would be like a safe haven for us, you know. just in case we have to evacuate, i won't have to go out. >> the safe room has just been poured. none of the interior walls are in yet, but it gives you a good idea of how it's structured and where it's placed inside the home. let's go take a look. the safe room has got a 12x12 opening in the ceiling there. you also notice all these downpours. each one of these cells has been filled with concrete. so that concrete runs all the way up, along with the steel -- all the way up and all the way over the top of the ceiling here in
7:23 am
the safe room. you can see we've got the cross vents that have been poured in place. we've got two 4-inch vents so that if their a.c. is, for any reason, knocked out during a storm, you do have the ability to breathe in the room. that's pretty important. and then, of course, you'll see that we've got the door here. this is a steel door that's been poured in place, and it's been built into the concrete safe room. inside this room, once it's completed, there'll be a landline, there'll potentially be an alarm system so you can see if someone is in the house, where they're moving around. you can also do that. it can also have a separate breaker so that you have the ability to run a generator outside. >> the rooms give peace of mind to residents like bernice, who had hers built into the bathroom. >> we have horrible hurricanes, tornados, and that one thing about it, i love that security. >> yet inside her house, you'd never know that the safe room was there.
7:24 am
>> the first little sign that it's a safe room is, of course, the width of this threshold. it's much thicker than your traditional 2x4 wall, and, of course, this steel door, which is much stronger than a traditional interior house door. >> the door has to open in, because if the whole house collapses around you, and if the door opens out, you're not gonna get out. >> so all the safe room doors open in. and we've also got a few features here like the telephone outlet and, of course, the fresh-air vents to make sure that there is airflow in and out of the room in case there is no power during a storm. >> some simple additions to a regular bathroom that could make all the difference when it counts. >> a safe room is something that isn't really expensive and can really give you peace of mind. >> there's more you need to know about staying safe in a disaster, and i'll run it all down for you next in the massi memo. [ woman vocalizing ] the hard work you put into lowering your
7:25 am
very high triglycerides with diet and exercise deserves the hard work that went into the science behind vascepa. prescription vascepa. vascepa, along with diet and exercise, has proven results in multiple clinical trials. vascepa looks different because it is different. over a decade of extensive research and development achieved proven results. that's the prescription power of vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. ask your doctor about what the science behind prescription vascepa can mean to you. amarin thanks the clinicians and patients who participated in the vascepa clinical trials.
7:26 am
7:28 am
>> welcome back. i'm bob massi, the property man, and it's time now for the massi memo. we just learned about safe rooms, but if this is something you're looking into, you must pay attention to some key points whether you have a safe room or not. there are some things you need to knowbeforean emergency strikes. if you purchase a safe room independent of your house, make sure you have a reputable manufacturer that meets all the necessary fema requirements.
7:29 am
find out if the builder is certified by the national storm shelter association. if you are building or renovating your property, visit disastersafety.org and check out the fortified home standards. very important. ask your builder to meet these engineering and building standards. they can really reduce the amount of damage inflicted on your home by natural disasters, and most are not too expensive. it's all about preparation and design. make sure you itemize your essential needs. no last-minute drills. this is about safety. depending upon how many adults are in the home, make sure each of you have designated responsibility in case of an emergency. nothing last-minute. that's when people get hurt. safety is the key. do not use hazardous or flammable goods like candles. it's dangerous. as always, there is more information on our website at foxnews.com/propertyman. that's it for today.
7:30 am
be sure to send me your questions or property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] >> 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,
7:31 am
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. lots of people like to show their homes. but sometimes, the best part of a property is what you don't see. at creative home engineering, the workshop is always busy. and what they make is truly unique. >> we build doors that don't look like doors, so that people can have spaces that people don't have to know about. >> hidden rooms, secret passageways and even trapdoors. >> looks like a secret passage. >> it all started when steve humble was a young mechanical engineer working for boeing and decided to build something for himself. >> i had this really big house. and there were extra rooms we weren't using. i had this idea that i could
7:32 am
convert one of these rooms into a secret room. >> he instantly knew he was onto something. >> i quit my job. i started building secret passageways for people. >> his biggest sales tool -- hollywood. >> the "batman" movies... the "james bond" movies... [ "james bond theme" plays ] all the spy thrillers, pretty much, have secret doors in them. there's a secret door in our entry that was modeled after one that i saw in the movie "the saint" with val kilmer. >> it's here. we ought to escape the secret police. in you go. >> it's got functional drawers. you can really use 'em. put your clothes in there. we have it set up with just a secret button. you hit the button. clients see those movies. they come to me. and they say, "hey. i want the 'indiana jones' rotating fireplace. can you make that happen for me?"
7:33 am
it makes my job so much easier because i know exactly what's in their head at that point. and i can make it happen. we do a lot of bookcases, more -- more bookcases than any other type. >> hand me that candle, will you? >> this is actually going to be part of a big wall unit. this is going to be the one section of it that opens as a secret door. >> of course, every secret room has an equally secret method of entry. >> we do 'em with fingerprint scanners in here. so you can just swipe your print. >> "greed." [ laughter ] >> and once installed, they are completely invisible. >> this client wanted something that had sort of an old world look. you just grab this book. it's wireless. uh, but you tilt it back like this. and you can see that the secret door unlocked. of course, the "panic room" from jodie foster is one that people see and say, "i must have that for my new villa."
7:34 am
for this secret door, the client wanted a secure way to access her closet so it could sort of double as a panic room. we decided to use this magnetic field sensor. so you just touch the magnet to the magic spot. and the secret door opens. and you can enter into the panic room/master closet. >> any space, no matter how large or small, is a potential hidden passageway. >> you'd be surprised at how many little areas, nooks and niches people have in their houses that are just perfect for concealing a secret space. this house was built with some dead space underneath the stairs. there's this little secret button right there. push that button. and this door opens up. and you can just come through this little entryway into the secret space. >> there's even a way to put secret space on a different level from the main space. >> we motorized the staircase so that you can access the secret room easily,
7:35 am
as i will do right now. so you can see, this secret room was designed to be, like, a panic room. but the homeowner has now converted it into a fun playroom for her kids. >> some clients want entire floors of their house to be hidden, like the man who ordered this trapdoor, currently under construction. >> it goes in the floor. and when the client hits their magic button, this whole huge platform, which is gonna be clad in hardwood flooring, it's all gonna open up like this. and it's gonna reveal the presence of the staircase that goes down to the level beneath. and when we first started, there was more fun theater entrances and cigar rooms and stuff. and now, we're doing a lot of executive protection for secure homes all over the world. so you pull back on the "harry potter" book. this door actually has some ballistic material in here. there's a layer of kevlar and then stainless steel.
7:36 am
so, if somebody was on the outside trying to fire in, that you'd be protected. there's a hidden camera on the front that you didn't see because it's about the size of the head of a pin. we do secret doors for people who have a whole underground shelter for the zombie apocalypse. people are -- are ready for it. and we're happy to help them get prepared. we keep doing new and innovative projects. people call me all the time. and they say, "hey. this is my crazy idea. have you ever done this before?" and i'll be like, "not yet. but let's do it." [ spy music plays ] >> when "the property man" continues, a property that is taking desert living to a whole new level. i'll bring you inside this home built into boulders that are millions of years old. [ woman vocalizing ] (roger) being a good father is important to me so being diagnosed with advanced non-small cell lung cancer made me think of all the things that i wanted to teach my kids.
7:37 am
(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 a longer life than chemotherapy. and it could be your first treatment. keytruda is for adults with non-small cell lung cancer that has spread... ...who test positive for pd-l1 and whose tumors do not have an abnormal "egfr" or "alk" gene. it's the immunotherapy with the most fda-approved uses for advanced lung cancer. keytruda can cause your immune system to attack normal organs and tissues in your body and affect how they work. this can happen anytime during or after treatment and may be severe and lead to death. see your doctor right away if you experience new or worsening cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting, rapid heartbeat, constipation, changes in urine, changes in eyesight, muscle pain or weakness, joint pain, confusion or memory problems, fever, rash, itching or flushing, as this may keep these problems from becoming more serious. these are not all the possible side effects of keytruda.
7:38 am
tell your doctor about all your medical conditions including immune system problems, or if you've had an organ transplant or lung, breathing, or liver problems. (roger ) before i'd think of the stuff i might miss. but now with keytruda, we have hope. (avo) living longer is possible. it's tru. keytruda, from merck. ask your doctor about keytruda.
7:40 am
i may have found the house for you. technically, this house was built millions of years ago when giant boulders formed a circle in the desert north of scottsdale, arizona. >> this is the upper sonoran desert. and if you go 1,000 years, use your imagination. there were ancient peoples, natives, camped all around this rock. and it turns out that they used this as kind of a solar observatory. >> the early 1980s, the land was purchased and listed for sale. >> and a couple in the northwest part of the country saw a little ad in the paper years ago, back in the late '70s. and it said, "who will buy my beautiful pile of rocks?" and they thought, "well, that's kind of intriguing." and they jumped on a plane. and they came down here. and they basically fell in love with the peace and the quiet and the views. and they decided to make an offer on it. they were originally going to build a house in front of the rocks. so they hired a noted new mexico architect named charles johnson. and he took a look at the pile of rocks. and he said, "you're making a huge mistake. there's no house i could design.
7:41 am
that would take away from these incredible rocks." he said, "let's see if we can build a house in the rocks." >> and the boulder house was born. [ flute plays folk song ] >> square footage used to be stated as 8,500 square feet. but it's really about 4,500 square feet, and you know why? because the standard definition of finding square footage is you measure the outside walls. and -- and when you measure the outside walls of boulders that are 9 feet thick, you get a skewed number. so it's more -- it's more, like, about 4,500 square feet. >> i asked realtor preston westmorland to show us around. >> we used to call it the "oh, my god house" because people invariably would come in and look around. and they couldn't believe what they were looking at. and they go, "oh, my god!" you know? >> the boulders almost seamlessly blend into a modern southwestern-style home. >> this is the most amazing sight people have when they come into this -- this large great room. and you've got a huge monolith of boulders, about 95 feet long and maybe 25 feet high. you can kind of get the idea
7:42 am
of how they hermetically sealed the entire property with glass scribe to the rocks. this large rock here, while it's very stable, they wanted to make sure it wouldn't move. and they've got flying buttresses with steel and concrete to support the bottom of it. you're looking at the big viga poles, part of the southwest architecture, which is the only form of architecture indigenous to the united states. and this massive wall of precambrian rocks with an interesting slit right here. and the people who built the house discovered that on the equinox, a beam of light would shoot all the way across the home and hit the wall on the other side. and it would come across this rock right here. and if you look very carefully, there's a spiral that was chiseled in centuries and centuries ago. >> it was just one piece of evidence from the native americans, who had used the boulders as a home for thousands of years prior. >> they could tell the seasons by how the shadows were playing through various holes
7:43 am
and cracks in the rock. and they actually chiseled a bunch of petroglyphs into the exterior of the walls. and that put it on the national register of historic places. this is one of the largest exposed rocks in the home. it goes all the way through the wall into the bedroom. and it forms an overhang. if you can look down here, you'll see carbon black on the bottom of the rock where they had fires for centuries and centuries. that's been carbon-dated over 1,000 years old. now, this is actually part of a working fireplace. but the -- the builders of the house had their fire over here so they would protect that carbon black for historical purposes. the path to the master suite is a real exciting one. they wanted a feeling of going in a cave to go upstairs to the master suite. and it was very exciting to do. as you take a look at these dramatic granite walls, about 60 percent of the entire home is covered with natural rock walls. and you gotta watch your step
7:44 am
because they didn't want to destroy a lot of the rocks. so you're walking just on the -- on the natural bedrock. and they wanted a really neat inviting entrance. and it's almost like you're spelunking -- you're going in a cave. so this is just the most unusual entrance to a master suite i think anybody's ever seen. and then you have a -- kind of a whimsical door that goes to an upstairs balcony for the master. there wasn't room for a whole fireplace. so they have half of a fireplace morphing out of the rock. the property that the boulder house is on goes to the whisper rock golf course. and we're near the old carefree studios, where kenny rogers filmed the movie "the gambler" at an old west ghost town that was across the -- the hill. three bedrooms and a number of different air-conditioning zones. it's very comfortable inside. some places, you just don't want to sleepwalk, you know? [ laughs ] and one of the guest bathrooms, they had an artwork made of a sink that looks like
7:45 am
it's carved out of rock, almost like a "flintstones" sink with rock knobs. here, you can see the outside of that slit in the rock that -- that makes the equinox beam. and i think, again, the amazing engineering and being able to cut glass and seal it into the rock to seal up the house. and then below, there's a cave right here. this cave actually goes up -- right up to the house. >> when the original owner moved out, they sold it to a native american tribe. this home is owned now by the fort mcdowell yavapai nation. the price tag -- $4.2 million. >> this house, it took about 50 million years to build. but it's -- it's pretty solid. >> coming up, i'll try to help a couple stuck in a time-share nightmare. [ woman vocalizing ]
7:46 am
i'm at this wing joint telling people that geico has been offering savings for over 75 years. that's longer than the buffalo wing's been around. dozen wings. and did you know that geico... (lips smacking) offers mo... (coughing) motorcycle insurance? ho-ho... my lips are burning. (laughs) ah... no, my lips are actually burning. geico. over 75 years of savings and service. see how much you could save at geico.com. it's too hot. oh, this is too hot, mate.
7:47 am
♪ there's no place likargh!e ♪oo hot. i'm trying... ♪ yippiekiyay. ♪ mom. ♪ it's proven quality sleep. the new sleep number 360 smart bed, from $999... intelligently senses your movement and automatically adjusts on each side to keep you both effortlessly comfortable. it can even warm your feet to help you fall asleep faster. how smart is that? smarter sleep.
7:48 am
7:49 am
♪ >> i received an e-mail from a retired couple named don and irene. they've owned time-share since 1984 and have generally been very happy. but a few years ago, their time-share company went under and was taken over by diamond resorts international. >> we learned that the unit that we had, we would be given 4,200 points for. >> did they explain to you, don, what those points meant? >> uh, no. >> you know, different time-shares work different ways. and with some, you get points instead of weeks. so you don't have to stay for exactly one week. shorter stays cost less points. and longer stays cost more points. >> our value was $8 per point. but the points had never sold for $8 from --
7:50 am
in the last several years. they're around $2 to $3. >> over time, they say, their week became worth less and less points. while it seemed as every vacation they wanted to take, well, it cost more and more points. >> they give you the impression that you just have to call up and say, "i'd like this one here." and they say, "okay. fine." and it's not like that whatsoever. >> twice, they were told availability would improve if they bought more points. and twice, they did. but it didn't. the salespeople are very good at what they do. and some presentations end up being very high pressure. >> they say, "we can give this to you at a bargain price. this is today only, $3.25 a point." >> mm. >> but you have to buy a certain number. that's in the thousands. >> i said, "my husband is 77 years old. we're more interested in long-term care plans than vacation points." >> she said, "why, i have people in their 90s come down here and enjoy our property."
7:51 am
>> did you feel trapped? >> oh, yes. you can -- >> oh, very trapped. >> we -- >> some people would look at this and say, "well, why didn't you just get up and walk away?" >> yes. that's what you should do, is you should get up and walk away. >> while they liked their time-share and enjoyed using it, they were constantly hounded to purchase more points and upgrade into more expensive plans. >> we got robo-called once or twice a day. >> so literally, from when you checked in -- >> from two weeks before you check in. >> before you check in -- >> two weeks before -- >> and then you get there -- >> when you get there -- >> it's a constant, continuing -- >> and then -- yeah. >> sales pitch. >> and while you're there. >> after you leave -- >> all right. >> you get robo-called at home. >> done and irene looked forward to relaxing vacations. but each time they used their time-share, they spent their time dodging sales pitches meant to pressure them, again, into buying more points. >> they say, "now, it's not a sales presentation. it's a group presentation so you can get to know other owners." >> "owner's update," they call it. when we showed up, we were greeted by a commission saleslady. after the presentation,
7:52 am
she came and got us. and we were tortured, basically, for two or three hours by three salespeople. we should know better, but this was, like, the fourth time we fell for it. >> and there's a clause in the contract that says, "anything that was presented to you orally" -- >> is not admissible. >> "is not admissible." >> and remember, time-shares are for life. once you sign up, it's very tough to get out. >> "diamond has a hardship department." well, recently, we met with the time-share attorney. and he said all time-share companies tell him, "hardship is not a legal defense." >> total disclosure, we're not saying all time-shares are bad. we're just saying -- >> oh, no. we're really not that unhappy with diamond. but my concern is if we have a hardship, to be -- have to go through the kind of struggles that i hear about, and then to not be able to sell on the secondary market, that, i think -- >> you're concerned you could get stuck with it, essentially. >> yes. >> what would you tell people
7:53 am
who get approached to buy a time-share? you should not make any hasty decisions. >> i've said it 100 times. do your homework. that can be tough when you're sitting in a room with a salesperson who wants you to sign up right then and there. people are busy. they're on vacation. by the time they look at it, five days, seven days is gone. >> it's a vicious circle. >> well, one of the sales lines is that, "think of your time-share as a secondary home," a second home. and i say, "if i had a second home that i couldn't sell, i'd never buy the second home." now we reached out to diamond resorts now we reached out to diamond resorts and they provided this statement
7:58 am
♪ >> welcome back. i'm bob massi, the property man. and it's time now for the massi memo. earlier, we met with don and irene, who love their time-share, other than the fact that they're constantly being upsold and harassed to buying more points. they also say that the points they have can't seem to get them the vacation they want to take. so what's the resort's answer? "buy more points." high-pressure sales pitches are a common complaint when it comes to time-shares. time-shares are for life! once you sign up, it's very, very tough to get out of the contract. so do not be pressured into signing anything on the spot. always ask about
7:59 am
the cooling-off period. when it comes to selling your time-share, it's often very hard to tell the scammers from the legit companies. take your time and investigate any company that you're thinking of working with. many companies want to charge you money to list your time-share for sale on their website. when that happens, nothing happens. only deal with a licensed real-estate broker. you can go to licensedtimeshareresalebrokers .org to find one. many people love their time-shares, like don and irene. they get years of enjoyment out of them. i don't want anyone to think that i'm saying time-shares are bad. just be sure that you know what you're getting yourself into and that you might not be able to get out of it in the future. 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 out our facebook and twitter. there's also plenty more
8:00 am
information and videos on our website, foxnews.com/propertyman. i'll see you next week. [ woman vocalizing ] going into dinner. david: this is bulls and bears. thanks for joining us. i'm david asman. on the panel today, we have heather, jonas, susan and foster with us. let's take a look at live pictures of the leaders of the world's biggest economies that are coming together in argentina. this is the g-20. there you have the saudi arabian crown prince who is you should the spotlight for a -- who is under the spotlight for a number of reasons. we have a picture eventually where he did a high five with mr. putin from russia, that was strange. on the left side of the screen, you see the saudi arabian crown
84 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1627802084)