Hey, it’s Dan. Welcome back. This is I allegedly, and I’ve got a good one for you today because I am in Miami beach this morning, and it is beautiful out here. So just walking amongst the shops and just enjoying a nice warm morning in the winter in Florida. Let’s get right into it, guys. There’s so much to cover from news on real estate, news on cars, news on what’s unfair in this world.

I’m just going to get right into it for you. First things first, guys. One thing about going on the ship is I met so many people, people that recognized me, people that just wanted to get to know me. And we start talking about finance, we start talking about money, and you start realizing what people do for a living. And I met economists, I met financiers, I met people that work for banks, people that work for hotels.

Just so many different people. But here’s the one thing that is similar. I don’t care about your political background. People are fed up. People are fed up with everything. People are fed up being told that things are so great when we know that they’re not and that there’s issues all around us now. First things first. Millennials, when it comes to real estate, are being knocked out of the system.

Boomers are buying all the real estate. Here’s the thing. Between 2011 and 2021, the millennials were buying all the real estate. Hey, look, guys, there’s a party city. You don’t get to see that every day. So, hey, let’s go to party city. There’s probably the only one left anyways. They bought so much real estate during that time that they were the number one purchaser of it. Well, now they’re being priced out of the market.

And everybody I talked to, regardless of where they were at in the United States, real estate was out of control. I did not meet one person that didn’t say for their market that the price of real estate was too high in that Davenport, Iowa, Michigan, Florida, Nevada, Texas, Louisiana. I mean, I could go on. Okay. I met so many people, New York, all over. Okay, everybody said the same thing.

But the problem that you have is that real estate is completely out of control. Now, the one financier that I met who was talking about how more and more money is being left to family members that are big amounts of money, where people have made a ton and they’ve left more money than they ever have. The problem with it is that some of these people cannot afford to live in the houses and pay the taxes for what their parents are leaving them or grandparents or whoever, and that they’re being forced to sell the properties right now.

So that’s interesting. But you’re also seeing the fact that you’re going to see this real estate bubble continue and that it’s not going to be more affordable. Let’s just say they start lowering interest rates. Nobody wants to remember 20 09 20 10 20 11 into 2012 when you saw real estate continue to drop when interest rates went down. Well, Dan, that’s not going to happen this time. It’s different this time.

Why is it different this time, guys? Why is it different? People cannot afford the properties and you’re not alone. So in your area, when you sit there and go, this is really crazy, this is happening to everybody around the country. I did not meet one person that said, oh, Dan, you have to come to Indiana because the real estate is so affordable. Everybody told me it was out of control and I could go on probably name, I think it was probably nine states of people that told me different places they live.

So that’s that. The next thing is, has Tesla seen its better days? Is Tesla in real trouble right now? Now here’s the thing. We have heard this with a lot of tech companies where they do this with their management staff and they say, listen, who is crucial in this company? We saw it with Facebook or meta how they sat down and said, are these managers important right now? And if they are, great.

If they’re not, get rid of the dead weight. Let’s go across the street to this green belt and do this without getting ran over. So it’s crazy, guys, you’re starting to see the fact that Tesla could start laying people off like we’ve never seen before. So again, is that a bad sign for Tesla that they had this meeting and that they’re saying, who’s crucial? Who’s not right now? So here is the one thing about Miami beach that is absolutely crazy, is that I’m in an area without any cranes.

From the boat to where we’re at, to the shopping center, there were twelve cranes that we counted building new buildings. It is nuts right now in all these high rises. Think about this. Every single one of these people has the same problem. If it’s a residence, that their hoas are going through the roof, that they cannot get good insurance at a reasonable price. Every single person, everyone, regardless of if they lived in an area that was in danger of a flood or whatever, you’re going to pay more for your insurance.

They’re paying more for car insurance. How about this? What’s the cheapest insurance in the United States for automobiles. Okay, well, guess what? It’s not Louisiana because Louisiana is the most expensive in the country. Isn’t that crazy? So again, you’re talking about different areas with different problems, and it’s just going to be compounded with this. Now, going back to Tesla for a second, the Tesla cars, the used car market has completely dropped to the floor for any and all EV cars.

Now, you’re seeing this because of people just don’t want them. People don’t want the expense, people don’t want the maintenance. So with that, it’s like, okay, do you want to buy this headache? The Toyota. Mariah’s the hydrogen car. Man, those things were so expensive. And hydrogen is absolutely outrageous in price, guys, to use those cars. So you’re going to see it with Tesla. Now, is this the end of Tesla? Of course, I still think that they’re the number one EV car company.

And whenever I. Oh, do you like Elon Dan? Do you not like Elon Dan? You know what? He’s done more than the other car companies because we’re going to talk about Ford. Ford is having real problems. And think about this. There’s a great article below talking about how Ford would be 50% more profitable if it got rid of EV cars because of the expense. It is an absolute disaster to have EV cars in their arsenal right now.

Think about that. Think about saying that the investment has been too much, the lack of sales has been too much, the problems with the dealers, think about this. We don’t want to service these cars. You want to deal with some old school hillbillies that don’t want to deal with them? Talk to a car guy, okay? I love these car guys because the motorheads are the greatest people in the world.

They make a lot of money. They invest in what they like, which is cars, but they like the smell of gasoline and oil on their hands, and these EV cars are not doing it for them at all. Now, when you talk to anybody that buys a large vehicle, an suv or a truck, what do they want to do? They want to haul stuff, pull stuff, or just drive around because they look cool in it and have the safety and security of being in a big vehicle if they get into an accident.

And guess what? These electric EV cars are a disaster. They don’t like them. They don’t like that they lose power when they tow things. They don’t like. The problem with, hey, we’re going to the river. We’re going to go to the lake. We’re going to go to the shore, whatever you’re going to do, and you can’t get there without having to stop and charge. Hey, I can get an 85% charge in 30 minutes, Dan.

Okay? I am telling you, you’re going to hear about this. With all the crime that’s happening in this world, you’re going to hear about the robberies at an EV car station on one of those desert highways. It’s going to happen on the way to Vegas. I just feel sorry for these people because you have these charging stations out in the middle of nowhere and they are incredibly dangerous, in my opinion.

Okay? But that’s just me. So when Ford has this problem and it’s not making know, we really regret the decision. Read the article about this. Read their financial report and how they invested too much and too much time on it. But again, buy this car, invest in this. You’re going to do great. It’s going to be fabulous. And these people, it’s just too much. It’s too, too much.

I’m getting to the shade even though it’s early in the morning, guys. So I’ve got the Ford story below, but then I’ve also got the Ford financial report talking about where Ford is at with all of this. So just a quick video this morning for you before I hop on a plane. Final story is think about the insanity of what I’m about to tell you. We have a problem with the migrants in certain areas and New York because they’re a den of imbeciles.

And again, everybody I talked to from New York is fed up. If we could leave, Dan, we would. How about that? It is unsafe. There is now a gang of moped riders that go around and steal money from people like it’s South America. Like you’re going to some third world country and you need to worry about getting robbed. But here is the worst part, okay? Whatever we can do for our veterans, we need to do for our retired police officers, for people in the military that supported and helped keep this country safe, we have to do what we can do for these people to make it so they have comfortable lives.

A lot of them have mental illness from the shock and trauma. The stuff that you and I will ever, ever fathom that they went through and what they saw. So with that, what is New York doing with the migrants? They’re giving them prepaid debit cards to go eat. It’s more than people on welfare, okay? And again, it’s a thousand times more than they’re giving the homeless veterans of this country.

So again, you know what? Your vote matters. Your vote counts. Okay? Come on, guys. This is ridiculous right now. And again, you don’t want people starving. I get it. But you know what? Come on. This is outrageous that they’re doing this right now. So please correct me if I’m wrong on this one. Okay? Just fed up with this. Fed up with it. Okay. Hey, will you meet us in New York, Dan? In hell, guys.

No, not a chance. Not a chance. Okay? I’m going to end this short little video on a happy note. My budy Delilah was very happy that I went on a cruise. And her boss, Annette, Annette, sent me the photo of Delilah watching tv of me enjoying the cruise. So I’m really happy, Delilah, that you liked it that I got some time off. And again, I’m a guy. If there was another day in the week, if you could get me eight days in a week, I would work that day.

So I love working and I love working all the time. And for my clients and my friends and people that can get a hold of me at midnight, it works really well. But sometimes Dan needs a break, and it was nice to get one. So, just a quick video this morning for you. But what do you guys think? Guys think that this is going to get better? You think that the EV car thing is going to get better? You think real estate prices are going to get better? The banking situation, trust me, the banks, we have a real, real problem because going to see banks go out of business.

Now, here’s the problem right now with the FDIC, and I’m going to leave you with this final note, because we’re going to talk a lot about this. Think about what I’m about to tell you. You used to be able to go to the FDIC website and see which banks are in, huh? Guess what they removed recently. The banks that are in trouble right now. So you’re going to have regional banks that are going to go out of business.

So what you need to do is you need to do yourself a favor and need to make sure you have an extra source. Get a credit union. They’re more safer than banks. The credit unions are going to have problems because of the car loans that they’ve done. And you’re going to see cars go for pennies on the dollar soon. Mark my words, guys. Mark my words. The EV car prices are dropping.

What’s next? Onward and upward. And thank you, Delilah, for the photo. And Annette, too, who probably took the photo for Delilah. Okay, if you want to get a hold of me, hello at I allegedly. Onward and upward, guys. I will see you guys very soon. Okay? Hello@iallegedly. com. Okay, I’ll see you soon. I’m going to Chapaddle now. Okay?.

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