Where's the money going to come from to Cover these bonds and that's the Underlying problem anybody that says oh No problem we're just going to go and Raise taxes well you're again you're Making my case you have to steal the Money you have to equity strip mom and Pop in order to cover off your bankrupt Bonds happy Monday and welcome back to Real estate mindset I have our community Expert Mitch vexler here today who is Just in case you guys forgot a season Building developer not just in Residential real estate like lots and Homes and things like that but also Conversions and also commercial real Estate but in addition to that you guys Remember Mitch is an expert in Quantitative financing which means he Doesn't have to trust people he can look Under the hood and use the math to tell Us whether or not within reason Something is true something is honest Something is sustainable so Mitch thank You for your time sir the viewers are About to get something insane right now But before we go into the overwhelming Value on property taxes bankruptcy how To do something about that how are you Sir and happy Monday happy Monday it's Been a long handful of days but we went Down a rabbit Trail on Friday having to Do with the bonds and we'll get into That shortly but I want just want to
Bring the point to everybody's attention That we're trying to connect all the Dots on all these different levels and How they interplay with each other and I Hope that by the time we're done this Video today people will start seeing how The circumstance actually affects them And every real estate tax owner in the United States yes and not only are we Going to do that today and for anyone That finished this entire video you're Going to walk away empowered and aware But before I get into our first segment Mitch and I go over the bankruptcy stats I want to catch up every new viewer of This channel we've had you know a lot of New viewers so we're going to catch Everyone up today but before I do that Mitch I I also don't want people to Forget why I've we've aligned with each Other and why I back you up and I Support your goal I've believe in your Goal I want to be a part of your goal I Want to be a part of your mission Because it helps America can you tell The viewers before we start our first Segment what's the goal here Mitch in reality what we want to do and What we wish to achieve is creating an Army of people who can stand on their Own two feet in front of these ARB Hearings at the appraisal review board Hearings and state no the these are the Comparisons you do not have the
Unilateral right to pick comparisons That are not comparisons under the Definition of law which is requirement Of use uniform standards of professional Appraisal practice and the state's Property tax codes when those entities Through the Central Appraisal districts Ignore the law then the property Taxpayers must take control of this Situation and that's why you've got the The free course for that they can start To rely on and say okay this gives us The ability to explain to the ARB panels Here are the real comps here is the real Value so the goal is to build an army Why because that Army can literally Bankrupt the cads themselves if you can Imagine in the case of Denton Central Appraisal District if you go from 7,000 protests on value per year to 14,000 the cad doesn't have the hseep to Do It and it's the same thing if you have To go past the ARB process and you have To file a lawsuit well at Denton Central Appraisal District there's 8 lawsuits Filed per year if that gets doubled to a Thousand they don't have the horsepower To do it there's more than one way to Skin the cat breaking the cads is one Option past that obviously filing Constitutional lawsuits etc etc such as What we're doing is the ultimate next Level up in order to kill this off
But make no mistake I cannot see any Other way than eliminating the real Estate property taxes because this Corruption is so Systemic it has just ended up in the Equity of mom and pop being stripped and The reality is no balance sheet for Mom And Pop and this has got to stop yeah And and Mitch not only am I gonna do Everything I can to help build that Army It's a righteous Army it's an American Army not only am I going to help you I'm Going to help lead that Army as well sir Because I know it's a very very Difficult thing to do you guys will been Getting your emails your comments we're Going to wait till the end of this video But we're going to read about four of Those comments that we've got and we're Going to explain and catch you guys up But as far as the data here's where I Want to start you guys so you guys Understand what we're talking about Let's start with bankruptcies because as The title says property taxes Specifically are skyrocketing so much It's bankrupting current homeowners now This is a recent data on bankruptcy in September so this is a September report Our analyst of the bankruptcy statistics Updated to September 2nd now here's what I really want to talk about right here You guys um because chapter 13 Bankruptcies have to do with home
Ownership a chapter 7even is not Something you can file generally if you Want to keep your assets and generally Generally your assets are your houses so We look at chapter 13 to try to figure Out is there an issue with home Ownership now obviously bankruptcy Chapter 13 can be in L of foreclosure or In lie of loan modification but here's What this says what is also surprising Is the unprecedented surge in Chapter 13 Filings chapter 13 cases often filed by Wagers aiming to retain their assets Such as houses and cars are particularly Sensitive to interest rate the strong Jobs Market are you serious okay if you Believe it's a strong job market I do Not believe it's a strong job market Which means to their point it's even Worse if the job Market's not strong Could be the Silver Lining enabling more Wage earners with regular income to fund A repayment plan thus pushing up chapter 13 filings to pinpoint exactly what the Issue is that Mitch and I are talking About this is a great way to understand What's happening now I'm in a completely Different County than Mitch and look at This this is an active listing okay you See that right here this home again you Guys is actively on MLS right now they Are trying this is listed for let's Round this up to $330,000 so this home is listed for
$330,000 you see that right there and It's been listed for over 3 months 91 Days the issue here guys is they can't Even sell this house for 330,000 but Look at what they're being taxed on They're being taxed at $368,900 and that's as of 2023 fast Forward to 2024 they can't even come up they can't Even sell for 330 so they're being over Taxed by almost 40 ,000 and look at the tax rate right here Mitch okay it's not a small tax rate we Get hit hard here in you know Harris County Mount Gary County the tax rate is 31779 per. if you've been following Along with us you should know that the Central Appraisal districts that's the Cad is coming up with values at least in Our jurisdictions and many other Jurisdictions around the nation because We've got up to 48 different states to Reach out to us including Canada and New Zealand the the Central Appraisal Districts most of them all of the ones That we've seen are not using the Required math called usap which is Uniform standards of professional Appraisal practice all right that's the Math now in addition to that standard Deviation needs to be used none of That's being used so we've had multiple People come forward multiple Whistleblowers come forward suggesting
That the way that they're getting these Values they're backing in to a budget And if they can't back into a budget With the cess value they will change the Tax rate on you so Mitch can you go into Anything I missed you know anything I Missed as far as what we want to catch People up to before we dig into some Pretty crazy value yes can you put that One chart back showing that overvalue I Want to point something out to everybody Here's the Problem so if that land was truly $50,000 on a typical Builder markup at Five to one the value of the home would Be $250,000 but it's not as It it's a lot more than that it's 38 so The value of the home is right here just For the viewers it's 318 so you're Saying that it's about 68,000 you know dollars over assessed is That what you're saying well in reality Yes right so if if they're using actual Comparisons of the land so that 50,000 Would be a $250,000 home being a new Home if they say well a new lot by way Of example is 880,000 well the value of The home would be 350,000 so it's a 5 to1 multiple Standard in the industry it has been for As long as I've been in the Business okay so clearly Houston we have A problem Oh Houston Mitch Houston has a
Big problem and for the viewers you guys Could do the same thing that I'm doing By accessing your markets active MLS and Then go to the Central Appraisal District on those same properties and All we're showing is just one property That's active we're not even talking About you know the millions of Properties that are overvalued and the Homeowners have no idea that they're Overvalued but again this is a clear This is pro positive market value from The Central Appraisal District 368 so Mitch is saying it's overvalued by 60 Over 60,000 if we take a 3.1% tax rate $60,000 that's over $1,800 a year in Fraud these people are paying $1,800 in fraud and overvalued taxes It's an absolute crime now it gets worse Mitch I'm going to play this video for You okay this video is on a task force That is presenting ideas on how to help Home owners that are struggling with Property tax and this is in Cincinnati Ohio and I'm only going to play a few Seconds of this but I think it's Absolutely shocking it's going to go in Again to the task force and what they Found according to the Tas task force 50% of all properties saw an increase on The latest tax bill while 5% of those Saw an increase of 100% or more the task Force says the county hires a private Contractor to determine tax rates using
A specific algorithm based on the home's Sale price and not the appraised value That was only 30 seconds but a couple Points I want to bring up and then I Want you to just to knock those people Out number one 5% of the properties had a 100% increase An assessment value there's zero math Absolutely no math that can justify a Double up in one year number two just so We really understand what's going on Here the Central Appraisal District Hired a private company to create an Algorithm to Value properties my Question Mitch is there any law that Allows them to come up with an algorithm And to use an outside company to Value The taxpayers properties what are your Thoughts here sir no and no and further To the point if you're going to sub Subject the the taxpayers to an outside Entity to determine values then why Exactly does that Central Appraisal District even Exist got Him good I mean here's the thing that Seems like a you know Mitch has been Talking about a criminal conspiracy to Defraud homeowners to me what I'm trying To show you what we're trying to show You in that clip is look at how bad it Is and remember that's not even in Texas That's in Cincinnati Ohio guys but Here's the thing it gets worse let's go
And take a trip now to Boston this Article is titled and again this is in Boston woo pitches lawmakers on Commercial property tax hike to save Homeowners money just G to read two Paragraphs man just two paragraphs here Okay Boston mayor Michelle woo took to The State House Tuesday to pitch her Plan for giving the the power to Temporarily increase the commercial Property tax rate I don't think they Realize that that still affects the Residents because haircuts uh meals all Of the things we've already went over With the viewers I mean holy smokes this Continues the measure was met with many Questions and some skepticism from Lawmakers on the joint committee on Revenue during a nearly threeh hour Hearing so she's trying to get money They're probably broke they're probably Broke and they can't figure out where to Get the money because if they try to get The money from the homeowner ERS then The more home owners are going to become Delinquent this is all about taxes being Delinquent now wo introduced the idea Back in April arguing that it is a Necessary step for Boston to take in Order to prevent what could be a sharp Tax hike for residential property owners A lot going on here office vacancies Created by the shift to remote work have Contributed to Falling commercial
Property values and woo says this plan Is the best way of preparing for future Future declines so Mitch what they're Saying here is they want to go after mom And pop businesses that are already have A high vacancy rate they they want to go After mom and pop businesses because They're not getting enough taxes from Mom and Pop anymore because Mom and Pop Are going bankrupt the vacancies are Skyrocketing what do you what are what Are your thoughts here Sir mayor Woo is an economic ignorant They're simply zero truth in what she's Saying and to that point she doesn't Even know And cannot tabulate or add up the values Of the bonds outstanding at the Municipal level or the school district Level and therefore that is what makes Her an economic ignorant trying to steal Additional money from the real estate Commercial taxpayers is a Fool's errand Because bleep goes Downhill and that will end up costing Mom and pop more money when they go to Buy ketchup or whatever they want to buy At the retail stores because the retail Has in fact being forced through the Fraud that has nothing to do with the Real estate values this is straight up Fraud they will end up having to pay for It either way Mom and Pop gets hit over The head and the fraud is exactly what
Mayor Woo is trying to promote she is an Economic Ignorant yes because she's not really Confronting the true issues here right Mitch she she's just trying to get more Money no she's grasping at straw saying Well we've got to get this money Somewhere my point is no you don't you Are bankrupt if this is the point where You're promoting we have to keep Stealing money and we got to go to this Pocket or that pocket wake up you're Bankrupt now let's deal with the fact That you're bankrupt and then we therein We can find the solutions we've already Outlined them but you're starting to see This is across the United States you are Seeing the wheels come off when people Try this type of nonsense that's the Wheels coming off you know what's Interesting is the she actually and the Government and officials are so good at Creating division she essentially turned Residential home owners against Commercial homeowners because she said That if we don't get this there could be A Sharp increase for residential property Homeowners but those homeowners are Already bankrupt the delinquency rate For taxes the Skyrocketing Mitch I Mean this is freaking this is nutso and Again this is not even in Texas so let's
Let's let's keep going okay let's now Ask the question what happens when you Stop paying your property tax whether You want to or whether you just don't Have enough money and I want you guys to Remember all right let's take an example Of a retiree that's been in a community For 30 years okay they can't afford to Pay their property tax anymore they're On a fixed income their property tax Skyrockets they stop paying their Property tax guess what happens next Guys the county the Central Appraisal District can sell that that lean or that Tax deed to an outside hedge fund to an Outside investor do you guys remember Those get-rich quick schemes do you guys Remember buy a a tax lean today and get A house you remember that just in case You don't let me remind you investing Into stress okay tax Lan investing Allows hedge funds and private Equity Firms to exploit the most poor elderly Black and Latino homeowners leveraging The Machinery of local tax enfor it gets So much worse let me read this it's I'm Just going to read this one paragraph Because I can't handle anymore um I mean This is evil but what I'm trying to Point out Mitch is this is at the hands Of the Central Appraisal districts they Have backdoor agreements with these Hedge funds to foreclose on our houses Listen to this earlier this year the
Investment firm Alden Global Capital cut A check okay I'm going to keep going for $1.75 million to Cook County Illinois For the right to prey on some of its Poorest and most disadvantaged residents This hedge fund notoriously for Acquiring and gutting local newspapers Across the country and more recently Gobbling up mobile home parks raising Rents cutting maintenance and laying off Staff Purchase Tax Lans on over 600 tax Delinquent properties in the nation's Second largest county in exchange for Paying these properties outstanding Taxes aling Global Capital can charge an Escalating rate of interest so these People are already behind on their taxes And now they're going to throw probably Like a 20% interest rate on there Pushing these homeowners into a Situation to where they are trapped with An inability to pay their taxes okay if The delinquent taxpayer fails to pay it All back within two years Mitch they can Claim ownership of the property Mitch How does that make you feel It's a bad business model they do get an Asymmetric return because they're taking Extraordinary risk however I will point Out who are the investors of the hedge Fund so if the government wakes up one Day and says yeah we're not going to Allow this anymore then those investors Which would be mom and pop they're going
To get screwed even on that level so It's a business model that I find Despicable it is the equivalent of hard Money lending which I find Despicable They do exist they are real under the Laws of the United States they have the Right to exist but if you understand What's happening under the hood and how Mama PO is being set up by their own Governments through the fraud to allow This process to happen this is all Making my case every Stitch of This I want to reiterate what you just Said so this is like someone let's just Say someone that's retired this is like Someone that's retired being forced to Get a hard money loan with a two-year Balloon payment on a 25% interest rate they are forcing Homeowners that don't have the money to Take that type of financing they're Selling their information to these hedge Funds guys we got issues Mitch we got Issues that that we need to take care of And let's go into the next thing because I asked myself where's all the money Then all right so they're ripping us off There's all this fraud there's all this Corruption record breaking Revenue But then again I ask where's all the Money and so I want to direct the Viewers to this article regarding the Bonds I'm just going to read the first Paragraph here Mitch this is uh titled
Bond guarantee program capacity Increases following State Board of Education action now this is from Austin Again this is going back to April 5th 2023 but listen to this the State Board Of Education which a lot of people want To go away has taken steps to address The nearly exhaust Ed Bond guarantee Program by voting to lower you guys Ready think about what I'm about to tell You by lowering the amount set aside for Reserve from 5% to no money at all to .25% this action removing due diligence This action stealing the money of the Taxpayers this action stealing pension Money has freed up this fraud has freed Up nearly $6 billion In capacity allowing the Texas Education Agency the tea to approve all February Applications from school districts and Charter seeking to take advantage of the Program's tripa a wow Mitch triaa Bond Rating that that must be real good and I'm going to ask you in a minute here Where the bonds at in a minute after Considering the maturity of guaranteed Bonds and the new guarantees approved in February the programming many capacity Stands At okay five .37 billion but the problem Is so they're going to try to do another Program to generate 5.37 billion but this is also just said That they do not have the
Reserve to pay the existing bonds can You please I need to chill out for a Second can you articulate what that just Said the problem is this is Kabuki Theater and you can have the tea and you Can have the government backed Bond Guarantees in theory but at the tail end Of the day we have been unable to find One simple answer can anybody please Give me a list that is the opposite of What I am saying which is give me a list In Denton County of every single bond That has been issued and or backed Implicitly by the government with regard To the school districts and the Municipalities so in Denton Central Praisal District there are 67 taxing Entities to this moment because we went To work on it again on Friday we have Not been able to correlate and obtain a Single list in Excel what we believe is Happening based on what we've seen Obviously is that the bonds are going up Like this because they're rolling out in Time and they're rolling up the interest Rates they've gone Parabolic which is why at the Teran Central Appraisal District you saw all These school districts show up in Mass Saying You must increase annually the Taxes not freeze that's because they're Bankrupt well what you just read is is One of the documents I came up with on Friday the reality is that yeah you can
Say there's a guarantee but it there Isn't the implicit guarantee is that of The real estate tax payer owner those Who own the real estate are paying for That guarantee to cover the bonds at These taxing entities such as the school Districts well therein lies the huge Problem because we know based on what We've done at Denton Central Appraisal District which is quantifiable that 37% Of the home um households be it multi Family and single family cannot afford The roof over their head Andor they are Going to go bankrupt well that's 37% of That population over 60% of the Household Owners cannot afford what is deemed the Median value of a house at $514,000 where's the money going to come From to cover these bonds and that's the Underlying problem anybody that says oh No problem we're just going to go and Raise taxes well you're again you're Making my case you have to steal the Money you have to equity strip mom and Pop in order to cover off your bankrupt Bonds you the politicians created this And that goes full circle right back to What you were talking about before about The chapter 13s um if you go and look at the itasa School district there's clearly grounds To throw that thing into chapter nine Yesterday never mind today so when
They're they're doing off-balance sheet Financing they're doing on balance sheet Financing nobody knows what the hell the Spaghetti bowl of bonds really is and we Can't tabulate it and we know what we're Looking at we simply can't get the base Data because they say well um we weren't Involved you know I the supervisor Wasn't involved in that time and I Really don't know well here's your Problem you're on the board you signed An oath you are the party responsible in Law that goes from for the same thing For the chief appraiser you can't say I'm gonna claim ignorance because I Don't know that's your job and if you Don't know get the hell out you're the One at the tail end of the day these Supervisors the chief appraisers anybody That signed an oath that oath says to Protect and defend the constitution of The State of Texas and the United States Of America it's a third deegree felony When you breach that Oath the these problems of those Documents that I sent you on on Friday Which we can put up on on the website Underneath this video this stuff's Horrifying because it's not quantifiable More than likely by intent and if Anybody's out there that says okay I Disagree we've got the proof great Perfect turn it over I would be thrilled To analyze it prove me wrong I be the
First person to stand up and say hey I Got this part wrong yes so far that Hasn't happened and all that's that's That's now happening through these Documents you just look at this and say Wait a minute it is literally proving my Case that these entities are bankrupt Never mind what happened in Teran Proposal District this is happening Everywhere and I spent several hours Between yesterday and today and we'll Get into some of those questions Answering people's questions and it's Coming in from the United States it's Coming in from everywhere I mean it's Astonishing there was over 700 questions That flowed through here Yeah and there there's a lot of Correlation between them but you can Clearly see the patterns that these Entities that claim to be in the bonds Or we're raising bonds they're Bankrupt right and they're bankrupting Us because they don't have the money so They're like to the last dollar let's Spend everything let's bankrupt as many People as possible and then we'll go Bankruptcy when the reality is is like Leave me alone go bankrupt and fix your Problem but you know when you're talking Mitch I'm thinking the whole time again To the viewers Mitch is a mathematical Genius his job is to use math and to Research and what this man is telling
You and I hope you understand this even With his intellect his research and he Has a lot of resources he still cannot Find where the bonds are he can't find And tell us how much Bond debt does Denton even have there's no transparency And it leads me to ask this next Question Mitch how is that possible We're paying for it as the taxpayers Again to the the bonds are like debt Okay so people buy the bonds the school District says we'll pay you back this Much money and some interest on top of That but they don't have that money Mitch the fact is if they had to pay Those bonds back Today they can't even if they sold all Of their assets if they sold their Buildings they still can't pay it how is This possible yeah LD as an example will Claim well we don't track all these Bonds even though they've got their own Spaghetti bowl of bonds bonds are in Theory trackable for through what's Called qips which is the actual Bond Code however like I said we went back Three years we couldn't find a single Bond that had been paid off um I don't Know very many people that have the Ability to go back 10 years and come up With a list of all those Bonds in order To track it through on a spreadsheet and It's not just at the LISD level right in Reality it's at all the taxing entities
Levels now you can say the Municipalities take Bond money and then They create assets asss they build roads Etc etc that's true however the public Should be able to determine what is fat That should be removed from the system Versus what becomes an asset and under The hood of the school districts in Particular the fast way to figure this Out the truth is to look at the overall Cost on a tenear basis per year as Compared to the student population per Year how much does it cost to educate a Student per year and I'm pretty sure you Will be horrified when the world wakes Up and sees that number because that Will show you exactly how much fat is in The system and more than likely that is Exactly why they are playing hide the Potato they don't want this information Coming out and even for them on their Behalf like if you look at LISD and the Spaghetti bowl that they've got I Believe it would take a team a forensic Account in 60 days to go through and Unwind this stuff because it's different Timelines different interest rates Different underlyings in terms of is it A maintenance bond is it a roof bond is It a bond for a stadium to be able to Analyze that and truly get the picture Is very difficult now multiply that Problem times 67 taxing entities however That one number by breaking it down how
Much does it cost to educate that Student not what they're telling you What they're saying is well it'll cost $23,000 a year to educate a student on Average now I'm not asking what it's Costing to educate what I'm asking is What are the bonds outstanding yeah what Are the balance sheet issues outstanding As compared to the amount of students in That Geographic vicinity now we get to The truth and that and that is probably Something extremely scary and I would Like to see that like per student how Much Bond debt so like one student's Walking in the campus how much Bond debt Is that individual student carrying Inside their backpack uh at expense Again the the property owners and it's Not just the property owners I keep Making that mistake Mitch and I say it's Just the property owners it's not it's Literally every single person that is in That Community because it affects it Affects every single person uh grocery Stores gas stations you know we keep Going over this and I just one more time When we don't pay our school taxes they Send our information to hedge funds who Force us into a hard money type loan That is designed to Force us out of our House when we don't pay our school bills And that really frustrates me Mitch Because I pay two School bills my my Children don't even go to public school
And I pay a lot of money in taxes I'm in Harris County so I'm paying for public School and the reason I don't have them Go to public schools I just don't trust The system I think that in public school We should be learning about credit Resumés how to get a job not half the Stuff that they're teaching that's a Story for a different time but these Agencies these regulatory agencies that We have have an assumption that we Should trust are not trustworthy at all And so that brings me to the next Point Mitch Sally May do y'all remember Sally May Sally May was one of the biggest School loan providers they got caught Taking the taxpayers money and paying Their CEOs they got popped for that and They just changed their name Mitch they Just they did they changed your name From Sally May to to another company and You know what let me show the viewers The issue large student loan Servicer banned from service ordered to Pay $120 million settlement this is from Yesterday Sunday the 15th my man Tyler Duram I don't know I think that's really Mitch I don't know though for sure I Can't prove that um but you know you go Into this the CFB estimates that Hundreds of thousands of consumers may Be eligible for redress and settlement But the agency has not yet determined The precise number of consumers or the
Amount each individual will receive they Changed their name to naviant right here You see that uh but for years their top Executives profited handsomely by Exploiting students and the taxpayers Mitch that sounds just like what Happened with tarp the toxic asset Repayment program I think is what it was Called I mean the CEOs took the Taxpayers money and literally billions Of dollars that was supposed to go to Homeowners and to help them instead went Into a select f use bank Accounts what is your opinion on on These agencies and how do you think um The Elimination of the Chevron Doctrine will Help us fight back as consumers if at All okay so the first thing is by Changing their name the name was changed Yeah not to protect the innocent but to Protect the guilty first thing second Thing is if the settlement was1 120 Million can you imagine how much money They actually stole Third thing is with regard to Chevron Defence in reality the government's Doing what they're doing for the sake of The government is the abject definition Of Tyranny and the reason why Chevron Deference should never have existed and It's good that it is now no longer in Existence is basically for the same
Reason that I'm stating which is these Dollar amounts on these bonds have got To be visible otherwise you are in fact Ripping off the public because they Can't see what you're doing you're doing It on purpose this is done by intent and To that point uh when we were talking About the bonds a second ago when you Were raising that issue I just want to Point out it's not just the bonds right It's the bonds plus the off-balance Sheet debt off balance sheet plus the on Balance sheet as in the 313 agreements That we know um in the case of itasa are A huge problem in other words Enough is enough show us the true Liabilities I would be thrilled if Somebody just hand me a spreadsheet for The last 10 years of all these Bonds in Denton County be it at the municipal and The school district level that would be Great just give give that to me so I can Total it up see that it's gone parabolic I'll break it down and I'll do it Against the the student population easy No problem however I would still Recognize that there's off-balance sheet Issues as well as on balance sheet Issues and unless there's notes to those Balance sheets you can't figure it out And that can only mean they're doing it By intent they believe that they can Take people's Assets in perpetuity but The problem is no you can't that's the
Object definition of socialism and it Works until you run out of other People's money which is already Happening well I mean they are taking That and they're taking it from people That you know have apathy and are Desperate Mitch so I know they should And they can't it's against law but that Doesn't matter because they still are Because not enough people are fighting For their rights and I and I want to go In now I'm going to show the viewers These four questions all right I told Mitch let me get two questions but Mitch I love you man and I I'm so appreciative For your how your articulating things How unselfish you are to help people I Really miss that man and and and I I Love that you're part of that circle now It's very difficult for me to find People that can explain this with enough Patience to do so right because there's A lot of people that still don't know That attack us and then someone that's Not saying these things to profit right That that I that DS me crazy but let's Go into the four things right now and I Want you and I'm gonna throw up this Email do you want to kind of summarize This first paragraph here Mitch I think This is a great great Paragraph so I wanted to take this up One notch to make an Argument and the argument is for any
Central Appraisal District including Denton Central Appraisal District Mr Spencer based on your actions and the Actions of Denton Central Appraisal District what is the governor as in what Is the break to stop you from raising Taxes on any given year to Infinity yep now clearly there is no Governor under this current system Because the governors were usap uniform Standards of professional appraisal Practice the Texas property tax code Mass appraisal standards the Texas Constitution under uniform and equal and The Constitution of the United States of America under the 5th 14th and 16th Amendments those are the governors by Law problem is that the cads have chosen To ignore the governors well those laws Were created for the protection of the Citizens if those laws are going going To be ignored the people that are Ignoring those laws under those laws Must be punished my point to everybody That is seeing these videos you can ask The same question across every single State in the United States what is the Governor to stop these laws from not Being adhered to and if the and if you Can't answer that you've got a Problem well I think we got a problem Mitch because They are not answering that and nor do They even understand the math under the
Hood um great breakdown uh first Question okay right here appreciate the Viewers here if you want to sum this up Mitch can we do this is someone asking Can we do a class Action so what we're doing with this Series of question I think what we're That's up to Travis but I think every at The end of all these videos I think what We're going to try and do is put three Or four questions in Um because I've read a lot of these Questions coming in a lot of them are The same a lot of them have a unique Perspective and because they're in Different states so that's what we're Trying to do here so the idea of a class Action yes uh even in Texas we can do That even though the judges frown upon It and at some point here in Texas we May actually ask for class action status It is much easier to do in other states So if you and your friends or your Neighbors can get together and say okay We're going to take this up another Level past the ARB and ask the filing of The lawsuits and you say this is a true Constitutional challenge in our state Absolutely you can do a class action Just depending on what state you're in So we're not in the process of actively Doing it but it is in the back of our Head to ask a judge at some point for Class action status do you think in
Other states that overall it could be a Good idea to start class actions against These Central Appraisal Districts it wouldn't be just against a Central Appraisal District um that would Be a focus Target yes but when you start Ratcheting up the chain who received the Money which would be the entities that Are writing the bonds and I would drag Them in on purpose um not that you get The assets and not that you have the Right to sue a school district depending On the state uh you certainly can go After the Central Appraisal District you Certainly can go after the tax assessor Collector there's ways to do it but Every circumstance has to be looked at Individually and if I'm not mistaken and I I don't want to talk law but when the Case is active you could subpoena right Records like I could subpoena let me get All your records for your bonds or Whatever is that is that how you would Do that Mitch we actually had subpoenas That were ignored um through the Denton Central Appraisal District and it was Agreed to actually under a rule 11 Agreement we asked for certain pieces of Evidence that they agreed they would Turn over such as the formulas inside of Their software they never turned it over They refused they violated their own Rule 11 agreement so is that Contempt it could have been it certainly
Would have been sanctionable um if you Guys would have pushed that um action Right like you could have asked the Court to hold him in contempt for not Obeying the subpoena is that right right So what'll happen this go around because Now we're in the appella court it'll be Kicked back to the court we will be Getting the depositions of a couple People um that we want that's all this To and um we will make Demand on that Rule 11 agreement one more time with the Idea this time Round We dare you not to Turn it over right and for the viewers Remember Mitch has a body of evidence go In his website will be in the Description don't forget you guys we got Everything in the description please go To the description we get so many Comments and questions like Hey where's The class where's the link what's his Last name what websites just just hit The hit the link in the descriptions Literally it's just like two inches down From where you're watching probably less Than it's actually Mitch it's not even An inch down if it's on the cell phone Just go down in the description it's all There you guys um Mitch I want to tell People though and maybe you know this Maybe you don't you have done a lot of The Upfront work you you've done a lot Of that grunt work outlining certain Problems outlining certain um issues and
Evidence and you've made that open Source you've literally made that open Source you're like here take it all for Free how much Money do you think that you potentially Have saved people how much money do you Have in this right now and again and I'm Saying that because you guys there's ve It's very very valuable the work that This man has been doing there's a Massive amount of money and you can see It when you go to the website of Mockberg properties.com Dcad the underlying point which you just Raised is really Important as far as I know we are the First group ever to Correlate the math as required under Usap to the Texas property tax code to The Texas Constitution uniform and Equal to the Constitution of the United States of America we've tied all of that Together most of these lawsuits that Have come in our Way have not gotten to the depth of the Problem and Quantifiably tied the economic damages To what it is that they are Filing and in reality when I wrote an Amicus brief to the Supreme Court it was Literally hitting on that issue and Several attorneys I sent that Amicus Brief too in Washington through three of Them responded with I wish we had this
Information because when you have the Math on one hand and you've got the law On the Other a judge would have to be a Complete yeah not to understand How these two things are Interlined what we've done which is Available for everybody on the website To see we're giving you our evidence all Of it it's all there for your attorneys Your accountants whatever anybody wants To take this up another level to file at The property valuation level there's the Free course that you are putting out That's almost finished that's at the Property valuation level if you want to Ratchet it up another level and say That's it we're filing suits and we're Going to take it all the way through We're happy to give that information to Any accountant any attorney anybody who Wants to use the information in order to Tie their own circumstances together and That's why we built the website it's Available for everybody to use it's free Just like your course is free nobody's Making 10 cents on this so that is the Underlying point to all of this the goal Again build an army of people who can Stand on their own feet and not shrink Away from the lies that they will be Told at these ARB panels they just make Stuff up one other thing if you don't Stand on your own two feet and you don't
Protest these Central Appraisal Districts and these ARB panels will use That information against you in the Following year they will literally turn The tables on you and say well you must Have agreed to this value because you Didn't object it's a BS line but I Guarantee you that's what they're going To do we've seen it yep yep and you guys And that's where we come in with the Lead the Army you can't just make an Army you got to lead the Army and if you Think I've been going hard to the paint Been going hard to the paint just wait Until 2025 starts and people start Getting their bills my intention is to Train I'm gonna have to pray on this a Little bit you know uh is to train Realtors again to help the community With these courses so if you're a Realtor take the course yourself and Start helping your community go to your HOAs go back to your broker and teach People like hey guys here's how the math Should work and once we understand how The math should work we can better Protest our values and like Mitch is Saying if we don't protest those values They're just going to jack it up and Then they can use that assessment value They're not supposed to and it depends On the county but they can use that Elevated assessment value kind of as a Comp to over assess another property
The unless they go like we saw the video MCH where they're hiring an outside Company to come up with their own Algorithm are you kidding me so on that Algorithm what's what's to say that they Don't have a budget that they can back Into that algorithm and then the Algorithm works that with that budget to Manipulate the you know the numbers in a Way to hit that budget we don't know That and where's the bonds H how much Debt do they have why would I want Another Bond if if they have two Trillion in bonds that are delinquent And they don't have Mitch I guess what I'm trying to say is Is let me read another question you Mentioned there was no uniformity on Bonds please Explain okay so bonds can have a dozen Different applications well there's a Bond for a roof there's a bond for Maintenance there's a bond for Mechanical systems there's a bond for a Stadium and every one of those bonds has A different term of length they have a Different amortization they have a Different payoff Schedule and it's a very difficult Process to take all that and feret it Down to figure out how much the bonds Are being rolled up and rolled out in Any given period of time other than to Make a statement this is what's
Happening and that is why that one Question came in what do you mean by all This well the best description is it Literally is a spaghetti bowl of bonds It's it's a difficult thing to handle I Dug into LISD I even have a 267 page Document that they put out it's a PDF um when they go to raise a Particular Bond and all that document Says in 267 pages is we know nothing we Saw nothing we heard nothing give us the Money and good luck to you because at The tail end of the Day they don't have the money they're Broke thing they have is the implicit Guarantee of the real estate taxpayers That's All so they have a guarantee from Themselves then so I'm guaranteeing Myself if I'm a taxpayer because Guarantee is well yes except that you Don't have any assets see it's one thing Where you have a city and a city says I'm I'm gonna spend this money on roads Or I'm going to put it in a library There's an asset There okay there aren't any assets Physical assets at a school district you Can say well the school is an asset you Could say that but that had to be sold Off that school is coming down because The land is worth more than the school So then you look at the land well the Lands have Bonds on them so this thing
Is levered in in reality it's probably Hyper levered yeah right so there is a Direct correlation I want to point out Here your Equity is being Stripped at the same Speed that the bonds are going up they Get that money from somewhere this is Your Equity here this is the bonds here They're both Equity being stri parabolic bonds going Up parabolic roll out and roll Up you know we haven't even talked about The biggest asset of the schools the the Biggest asset of the schools are the Children they're the kids and in my Opinion the school districts should not Be investing in things like solar farms And all this other nonsense they should Be investing specifically and solely and Only in the education and future growth Of our children why why aren't we Teaching about credit reports pretty Important why aren't we teaching about Resumes pretty important uh the Financing you know real estate the Federal Reserve why does no one know and No one taught about the Federal Reserve Last question from my viewer yeah before You go there I just want to yeah I knew I yeah that for a second that is Literally why on Friday I came up with This idea that the only thing that truly Matters is the bonds divided by the Student count y that's it because
Everything else past that one number is Pure manipulation pure fraud and pure Fat well said sir all right one more Question in our area we have school Board trusty turnover again in our area We have school board trustee turnover Can you start by explaining what that is And then can you go into that please Yeah you have that problem um in a lot Of government entities right now out Today that problem I happen to have Knowledge firsthand up in Canada where a Lot of the people in the engineering Department people who knew and been Around for 20 30 40 years are now Retiring and young people are coming in They don't know anything and that makes Getting business done extremely Difficult on the ARB level they have Term limits the appraisal review board So once somebody understands what's Going on and they can see the level of Fraud they're termed down Out on the upper end level at the school Districts and again I'm not a fan of any Of these boards but the reality is that People don't stick around long enough They begin to see the problem and then They head for the doors well then you Come back to the excuse well I wasn't Here during this time and I don't know About this well here's your problem a You sign an oath B when somebody tells You you're violating the oath and you
Choose to do nothing about it here in The state of Texas you violated Texas Penal Code and you also violated federal Law so if you don't want this type of Language coming at you here's an idea How about you get involved you're on the Board you're now being told you are a Person of knowledge how about you figure It out and if you don't know how to Figure it out yeah I'm here I'm highly Accessible obviously so go ahead make Make send me an email I'm happy to sit Down with anybody on the opposing side As I as I've offered I'm happy to do it I'm very sincere about it I do realize That there are people that are out there That don't understand how bad this is But once you know how bad it is the Obligation is on you to get involved and Fix it respect to you 100% respect to You uh just let me end this here Mitch To the viewers remember uh Mitch vexler You know go to his website Mockingbird Properties it has all of the evidence Whole bunch of court documents he's put A Hu huge amount of expense uh to to Make this open source so don't forget to Do that guys uh don't forget to go to The description all of the links are There we'll probably add a a document Link as well for data for this video and Then also the course the course is 90% Done my intent with that course in Addition to bankrupting the cads is is
And I gotta be careful saying this Mitch Okay K I'm being factious so do The Regulators I'm being fous calm down but I want to help teach you the best I can To be a little Junior you're appraiser If you take these courses right now and Again it's to chapter seven I've only Done a chapter six chapter six is a Beast guys it is a beast I made a brand New form based on 22 years of my Experience to give back to you to fight These cats so we will lead you we do Appreciate you everything is in the link Mitch as always sir I appreciate your Time your expertise and the way that you Are able to articulate the problems for Everyday Americans and sir I thank you For that now if you guys are out there Investing in real estate you guys Already know you probably shouldn't I Think you're absolutely a Bonkers but we Do wish you luck and of course we hope You win
