Tyrel Jackson Williams: Hello everyone and welcome to another week of The Wednesday with Peter King. Now Peter, we’ve been on here for six weeks and you’ve now missed two. Now, it’s your product so, you know, do what you want with this thing but I think that, if we could maybe stick tighter to the schedule —

Peter King: You picked it up! Yes you did! Another week, another lesson. And this time, we learned a lot about scheduling. Gotta keep a schedule. That’s the lesson.

Williams: What about keeping the schedule? You could show by walking the walk.

King: You see, Charles, this is why I’m the host.

Williams: Tyrel.

King: You don’t learn by seeing it done right. You gotta be innovative. See what happens when things go off the rails. Learn to improvise. Running a construction or remodel project is like leading a two-minute drill. You want to learn that by having some Drew Brees preach to you about throwing your receiver open at the sticks? No — you want to be making that throw.

Williams: Exactly my point. Walk the walk!

King: Damn it, no! No! We just — look, it’s like this. You gotta know how to improvise. Plumber didn’t show up? Grind out some drywall work. What would J.J. Watt do, you know? Maybe knock out that coat of paint. Be a Russell Wilson type. Gotta be willing to keep on schedule. Did you read about how the Raiders just hit the halfway point for their stadium construction? And, as a reward, they are now adding 20 suites to the project — bringing the total to 128 — which would have never approved if they were behind schedule or over budget. Everyone in America is watching this play out. The Raiders are Mr Wilson and all those people following their stadium construction closely, well, they’re all Paxton Lynch holding the clipboard.

Williams: Why though is scheduling that important, Peter? There are going to hiccups or delays. Things happen. And for many of the amateurs trying to run their projects with a bunch of Craigslist style handymen who aren’t going to show up at least 20% of the time anyways, why fret?

King: Repeat business. Show up, charge a reasonable price, and follow through on the schedule you set. This is all you have to do. It isn’t about social media or putting your card in that corkboard at the local diner. You may recall that the LA Chargers used to be in San Diego. And why did they leave San Diego? Because the city couldn’t put together a plan to simply fund, hire, and execute a contract to have a stadium builder show up, charge a reasonable price, and execute a new Charger stadium. It’s just that simple. Know why Richie Incognito keeps getting signed? The guy delivers!

Williams: I think this is a gross oversimplification of the Chargers matter and, I don’t know if I agree with framing it as a matter similar to those faced by our audience who, again, are generally amateurs in the field.

King: What’s more amateur hour than a city council? Doctors, lawyers, and career government employees campaigning on tax rates and hiring cops are appropriately suited to approve multimillion dollar contracts for utility relocations and ADA upgrades on 3rd Street in preparation for the light rail that may be constructed along that run SOMEDAY? You think they’re doing the math on how much they can save by storing the removed pavement behind that boarded up Safeway for recycling later? No, they’re wondering how bad this is going to look for their reelection campaign.

Williams: Well our audience does not typically worry about reelection campaign.

King: They should though! With the Federal Reserve threatening to raise interest rates on our great wonderful economy, housing starts stalled out — relatively speaking — around the beginning of 2019. And we live in a global RE market, Charles, so you gotta always be ready to sell. So why keep a schedule? Uhhhh, ever heard of a little year called 2008? You might remember it as the first season without the five-yard incidental facemask penalty or the year the San Diego Chargers won the division with an 8-8 record. I remember it for the failure of Lehman Brothers and the associated real estate market collapse. Big difference between selling your home in January of 2008 and putting it on the market that December — but having a kitchen contractor who just won’t show up could be the difference between a big profit in Q1 versus Q4 Wells Fargo foreclosing on your underwater home.

Williams: Or Wells Fargo illegally foreclosing on your paid-off home any other time.

King: Pardon me? PARDON ME? Are you honestly taking a swipe at Wells Fargo N.A., established 1852, re-established 2018? Who exactly do you think is floating the home improvement loans for these new deck and master bath remodel projects?

Williams: Well, actually Peter, as I put in our weekly prep notes I was hoping to touch on self-financing and the challenges and risks of debt financing personal residence improvements on an upcoming episode?

King: This is a side gig for me. You think I want to cross my primary employer, NBC, by bucking the finance sector? We gotta play ball here. The average NFL viewer is over 50 years old. They’ve been borrowing their entire lives and now you want them to hold off on that new garage until they save up the cash?! Look, when you have a loan then you have the cash! This is why home sellers want to see preapproval letters. And when you have the cash, you can get the contractor to show up because he’s gotta meet payroll on Friday.

Williams: I think —

King: No you don’t, Charles. It’s simple. Get the city to fund your project, play on the ignorance and ego of local government leaders, and ride the contractor to hit project milestones. That’s it. See you all next time on The Wednesdayer.

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