tv Lou Dobbs Tonight FOX Business December 8, 2018 6:00am-7:01am EST
that's it for us tonight. i'll be back next week with another in-depth interview on "wsj at large." hope to see you then. thank you for joining us, and >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]
thanks for joining us. i'm bob massi, your property man. about 8% of all u.s. households own time-shares, and the industry generated more than $70 billion last year alone, and it continues to grow. now, a time-share is a piece of property for which you own a specific amount of time, usually one week per year, and you use it as your vacation home. if you're thinking about buying one, well, i'm gonna give you some of the dos and don'ts and take you inside the latest project, from time-share giant westgate resorts, right behind me, the old las vegas hilton. but first, david siegel, well, he's the founder of westgate, and his story is amazing. in 1980, david siegel owned a small tourist attraction called the mystery funhouse in orlando, florida, and an orange grove. well, one day a man approached him and offered to buy part of the grove. >> i said, "what are you gonna do with it?" he says, "i'm gonna time-share it." i said, "what's that?" he explained the concept to me. i fell in love with the concept.
i didn't sell him the property. i decided i'm gonna do it myself. >> so, did you know what time-share was at that time? >> no. no. so, i built 16 villas in the back of the orange grove. >> those 16 villas would grow into westgate, the largest privately owned time-share company in the world. two decades later, his time-share empire was still expanding. and in 2004, david and his wife, jackie, decided to take on another project, building themselves the largest home in america. most people would say, "why?" >> why build this home, or...? >> why build this -- i don't think they'd call it a home. >> it's really the palace, right? >> why build this palace? >> we wanted a large home. we were planning on, like, maybe a 15,000-square-foot home. but by the time on paper that i got what i wanted, like, a huge ballroom, and we started having more kids, we needed extra bedrooms. it just became the largest home
in america. we weren't trying to build the largest home in america. it just happened. >> it just happened. >> yeah. >> the 90,000-square-foot house was set to contain 13 bedrooms, 30 bathrooms, a bowling alley, two movie theaters, of course, and a 20-car garage. >> we went on our honeymoon in france, and when we went to versailles, he says, "i want to build versailles in america." when we were on the airplane coming back from france, he designed the house on the back of a napkin. >> of course he did. >> he wanted, like, a 10,000-square-foot spa, and i wanted bowling alleys for the kids. and he wanted a movie theater. >> the estate was about 60% completed. and the economy crashed, almost taking westgate with it. >> in 2008, when lehman brothers went under, and the banks all froze, it was a terrible time for my company. it was a terrible time for the country. i had to do whatever was necessary to see that the
company survived. we cut our expenses. we cut our sales. >> but cutting expenses and worrying about revenues was really not enough. they also had to put the versailles house on hold, and eventually they listed the half-built mansion for sale. guess what? $100 million. the whole thing was being captured by a documentary filmmaker, who was profiling jackie for a movie called "the queen of versailles." did you enjoy doing that? >> i hated it. [ both laugh ] >> that wasn't a maybe, right? >> i did not like it. >> he hates it because it makes him look like he's mean, upset about business, like we have a bad marriage and all that, where really he was just mad because the camera people were always around. we had no privacy. he's a businessman, and business goes up and down. he's very smart, and obviously he's bounced back so much more than he was even a few years ago. >> indeed, david and westgate did bounce back, and the company became profitable again,
and versailles was never sold. what's the present status of the house? >> the house is free and clear, completely paid off. construction is going on at a very fast pace. we still have two more years to finish it. it's coming out beautiful. because it's taken so long, we've been able to add features that we weren't thinking about. >> in our great room, one thing i would like to do in the design of the floor is to mirror our beautiful, intricate, colorful dome that's in the ceiling. we might have to use semiprecious stones, like onyx, things like that. >> it's all beautiful marble, exterior. the inside, we're putting in gorgeous ceilings. it's gonna be like walking into a french palace when it's finished. we're not rushing it. >> we're going to live there for the rest of our lives, and it's not only gonna be a palace, but it's gonna be our home. >> how much longer till it's finished? >> it should be finished in about two years, i think. [ both laugh ]
>> the date's never the date, believe me, when it comes to construction. when we come back, i'll take you inside westgate's latest gamble right here in vegas and tell you what to watch out for if you're thinking about buying a time-share. [ 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. (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
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but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. ...i just got my ancestrydna results: 74% italian.
and i found out that i'm from the big toe of that sexy italian boot! calabria. it even shows the migration path from south italia all the way to exotico new jersey! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com ♪ >> welcome back. i'm bob massi, the property man. when the economy crashed in '08, it took westgate resorts' crown jewel down with it. and david siegel? well, he was forced to sell the las vegas ph towers to pay off the mortgage. but he soon set his sights on another historic vegas property. in 1969, elvis presley took las vegas by storm and made the international hotel his home away from home. in fact, he was there before the international was even built, signing a long-term contract while the massive building was still under construction. the international was the first mega-casino to be constructed in las vegas, and elvis played
sold-out shows to screaming fans night after night. in the crowd for those first performances -- guess who? david siegel. >> first time i saw elvis perform, we sat in his booth right in the front of the stage, as close as you and i are. >> yeah. >> he sweated so much that during the show, i kept thinking, "oh, god, he's gonna get sweat on me." but he would pull out a scarf, and he would wipe it off, and the women -- well, they stampeded the stage. i'll tell you. it was like a mad frenzy. >> i remember the first time i saw him, which was in the '70s. i couldn't believe the lines. they wrapped this huge facility outside and around to get in to see him. >> 837 consecutive sold-out performances. >> unheard of. >> it'll never be matched again. >> "the king of rock" played the international for eight years straight, until his death in 1977. >> never had an empty seat. i saw elvis perform maybe 15 times. i saw him when he was thin, when
he was fat, thin, fat. and always gave a great performance. >> fast-forward a few decades, and the international becomes the las vegas hilton before the recession unfortunately forced it into foreclosure. with westgate also losing its las vegas property, david siegel, well, he knew exactly what he needed to do. >> my husband bought this hotel. years ago, he came here, and he couldn't afford to rent a room for one night. and now, with all his success, he comes back, and he bought the hotel. he just bought it. >> there were a half a dozen other companies that were also looking at it at the same time. i was the only one that was gonna keep it open. all the others -- some of them were gonna knock it down, which would have been a tragedy. >> yeah. >> others were gonna close it for two or three years, reposition it, then reopen it. i would not have bought it and have on my conscience lain off 2,200 people and affected their
lives. so, even though it's costing more to do the renovations, that's the way i'm doing it. >> and now elvis is back in the building. westgate has teamed up with graceland to unveil the first permanent elvis exhibit outside of graceland. there are hundreds of never-before-seen artifacts, and the elvis experience, which re-creates his performances with live bands in the very same showroom where it all began 59 years ago. guess what? there's even a wedding chapel. >> we made a deal to basically make this graceland west -- a 30,000-square-foot museum where people could come see pieces of history from elvis that they've never seen before. graceland has warehouses full of items that have never been on display. so, we're gonna be an extension
of graceland. people will be able to see elvis performances with 40-piece orchestras and backup singers and just like if they were here back in the '70s. >> and the towering building itself -- well, it's slowly being converted from the hotel to a giant time-share complex. >> there's 300 beautiful suites included in 3,000 rooms. it's very unusual that 10% of your rooms are suites. we have three sky villas on the roof that are 15,000 square feet each. we took a couple hundred hotel rooms and suites. we're converting them into 80 time-share units. ultimately, over the next 30 years, we will have converted every room in the hotel into a luxury time-share villa. >> what do you think attracts people to time-share? >> during the recession, a lot of people had beachfront homes
and condominiums in the mountains, and they would use them a few weeks a year. and then they would pay the maintenance and taxes for the whole year. time-share -- it's like an airline ticket. you don't buy the whole plane. you buy a seat. you can go anywhere in the world at any time and stay as long as you want or the least amount of time you want. and when you leave, you let someone else worry about it. >> mr. siegel, what do you envision in the future for this hotel? >> we're not gonna have the wealthy people staying here, although they're more than welcome. we're not gonna have the kids staying here. we're gonna have the middle america, the people that shop at wal-mart, people that have basically been ignored. they want to feel like v.i.p.s. >> and, clearly, there are a lot of people who want to feel like v.i.p.s, particularly in las vegas, and westgate's sales have never been stronger. up next, i'm gonna introduce you to a couple who's struggling to save their home, and i'm gonna
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♪ >> welcome back. i'm bob massi, the property man. from coast to coast, the real-estate crash devastated millions of people, and even though things have turned around, well, let me tell you. many are still dealing with the fallout. let me tell you about dennis and karen. they worked their whole life. they lost their jobs a few years ago. they're in their mid-60s. and, basically, they can't afford the payment from before. they need the lender to understand their circumstance and to give them the opportunity to keep the house of their dreams that they lived in for 18 years. >> it's home. this is what it is. we read our books. we watch our videos.
we go through the things that normal people do on a daily basis. >> for years, karen and dennis lived happily in their home and never fell behind on their mortgage payments until the first problem popped up. >> we unexpectedly got a message from the insurance company that they would no longer insure the house because they didn't like the roof. in order to keep the house, you have to have insurance. so, we had to take out a loan against the house. >> then their luck turned worse. i lost my job in 2009. they eliminated my job position. >> and not long after that, dennis lost his job, as well. >> things got really bad there for a while after dennis lost his job. we let go of all the pool service we had. we had to let go of the landscaping. >> we cut out the tv. we cut out cellphones, absolutely everything down to the bone. >> we got rid of everything that we could to make the payment. we're selling everything we can. we've sold the motorcycle, sold
the treadmill. we're just waiting for the people to pick it up. >> making their mortgage payment was the top priority. they tried repeatedly to reach someone at the bank who could work with them. >> their staff have a certain script that they read, but you can't really get into actually sit down and speak with anyone. >> we have a record of having been here for 18 years, all of this time. we're not going to all the sudden abandon our property and run off somewhere. we're, i would think, a very good risk. >> this is our home. and it's small. it's only 1,500 square feet -- a household of things that we've collected over our lifetime. it would be almost impossible at this point and time to just pick up and move. when you're trying to contact these people to get a loan modification and get refinancing, you feel unstable. you feel just like you're out there and nobody cares about you. >> your individuality and
integrity is not being taken into consideration by the institutions, and all of a sudden it's being yanked out from underneath you. >> we have always stood up and done the right thing, and we always pay our debts eventually. >> it was time to check in with karen and dennis and help them save their home of 18 years. >> how are you? >> good to see you. >> when did you actually move into this home? >> 1995. >> at some point a few years ago, i think you told me there was an issue with your roof. tell us about that. >> the insurance company sent us a notice and said, "we can no longer insure your home because your roof is too old." >> even though we had had no problems with it before, maintained it. >> and then we tried to get the refinance. >> so, you get approved for your loan. life at least at that point was good. >> yeah. it was right after that when i lost my job. >> right. >> when did you go default on your payments? >> it was right at that same time. it was within one month. >> 2012. >> yeah, one month to that point. >> up to that point, i'm assuming you were maintaining
the property. tell us. what has this forced you to do financially? i see what looks to be a wrapped treadmill over here... >> yes. >> ...a motorcycle. >> well, the motorcycle we had to sell in order to... >> and the treadmill, and we have some other things, like some things in the house that are worth some money. >> how were you treated when you tried to contact the lenders yourself? >> like a number. all they wanted to hear is, "well, when are you getting back to work, and how much money can you pay us, because if you can't, we're gonna find somebody who can pay us." when we had this landscaped, the whole thing looked like a beautiful beach area, and all of that grass that you see that's growing in over there -- none of that was there. it was all sand, all white sand, and the pool. >> a pristine pool. obviously, regardless of the condition, you love your home. >> yeah. >> when people come to me with these kinds of issues, the first question i ask them, regardless
of age, i say, "do you love your home?" "yes, i do." here's the tough part. those who have the gold make the golden rules. and the gold is with the lender. >> yeah. >> and what you have found out is that there is no loyalty. you are nothing more than a spreadsheet of numbers. >> yes, correct. >> in some tower somewhere, you're a spreadsheet. at this point in time, the short sale is not an alternative. bankruptcy is not an alternative. foreclosure is not an alternative. so, we got to go with the loan mod. >> got to go there. >> so, understand that if your loan mod is approved, 9 times out of 10, whatever your arrears are -- penalties, interest, things like that -- they will take that, and they'll put it to the back of the loan. >> right. >> but it sounds like you're close, and you deserve it because you've lived here 18 years, you're good citizens, you're great americans. i'm going to explain exactly what karen and dennis need to do to save their home, when we get back. and we're gonna follow their
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>> welcome back. i'm bob massi, the property man. and now it's time for the massi memo. earlier, we met karen and dennis, fighting to save their home of 18 years. now, they have a few options, but the only thing i see really that's gonna work for them is a loan modification. they need to get the bank to understand their situation and
that it's in their best interests to keep them in the home and do something with their mortgage so they could afford the payment. so, i'm gonna help them with that, and in a few weeks, we're gonna update you as to how it worked out. we also looked at westgate time-shares and their beautiful, new property in las vegas. you know, there are different types of time-shares, and before you buy one, you have to decide which one's right for you. so, let's look at them. the right to use -- buyers can lease the property for a specific time each year. if you have points, buyers can consider staying at various locations. you redeem your points after they've been accumulated. also, what we call floating -- the buyer reserves their own time during a specific time of the year. and a fixed week, which is pretty common -- the buyer is buying the right to use the same unit, the same time every year. but there's always things to think about when you're buying anything. first of all, if you purchase it... this is a contract, just like when you buy a home. understand it. make sure you understand the terms of the contract.
it's a long-term commitment. make sure you understand what costs are involved, maintenance fees, things of that nature. also, ask if there is an owners club or some type of an association, almost like a homeowners association, because what it does, it lends credibility and protects you as a time-share owner. by the way, don't get hustled by a slick salesperson -- i mean no disrespect -- because when you're buying this, make sure they explain to you exactly what you're buying and explain to you all the costs. make sure there's no hidden agenda. and, finally, make sure you understand what cancellation terms are of the contract. most states have a cooling-off period because when we buy a time-share, we're excited. usually, there's a cooling-off period. if you're a creature of habit, well, time-shares will probably work for you. they're meant for people who like to travel, take vacations, and plan out. so, if you take a vacation every year, i think it makes sense for you. you should look into it. that's it for today, but we have much more on our website... foxnews.com/propertyman.
and be sure to send me your questions or property stories at firstname.lastname@example.org. i'm bob massi. i'll see you next week. [ woman vocalizing ] >> 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 ]
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
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 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,
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.
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
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
around, and it wasn't easy. we'll go inside when we come right back. all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. and all through the house 'twas the night before christmas not a creature was stirring, but everywhere else... there are stores open late for shopping and fun as people seek gifts or even give some. not necessarily wrapped with paper and bows, but gifts of kind deeds, hard work and cold toes. there's magic in the air, on this day, at this time. the world's very much alive
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♪ >>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...
>> 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
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 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
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
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 ]
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>> 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
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 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
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 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 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. >> 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 ] i'm snow.
and just like you, the further into winter we go, the heavier i get. and while your pants struggle to support the heavier you, your roof struggles to support the heavier me. crash! and your cut-rate insurance might not pay for this. so get allstate, you could save money and be better protected from mayhem like me. mayhem is everywhere. so get an allstate agent. are you in good hands? 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.
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if you want to get the most details about your family history. my pie chart showed that i'm from all over europe, but then it got super specific. i learned my people came from a small region in poland and even a little bit of the history about why they might have migrated during that time. those migration patterns are more than just lines on a map, they're really your family's story. this holiday, give the gift that's connected millions to a deeper family story. order your kit at ancestry.com.
our new, hot, fresh breakfast will get you the readiest. holiday inn express. book now for at least 20% off during our annual sale. there's brushing...and there's oral-b power brushing. oral-b just cleans better. even my hygienist said going electric could lead to way cleaner teeth. and unlike sonicare, oral-b is the first electric toothbrush brand accepted by the ada. oral-b. brush like a pro. >> 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. 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. be sure to send me your questions or property stories at email@example.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] >> a world-famous musician dies and leaves his daughters his prized instrument. >> his love, his treasure, his heart, his voice. >> it's more than 300 years old and could be worth many millions. but this strange inheritance is about more than money. it's about a european countess, a father's legacy, and a huge financial dilemma for his heirs. >> it was very clear to us that he did not want it to be hidden away. [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] i'm jamie colby, and i'm on