➡ The real estate market is facing challenges with fewer buyers and more houses being pulled from listings. In January 2025, 77,000 houses were removed from the market, with agents hoping for better selling conditions in the future. However, with interest rates expected to remain high, many homeowners are choosing not to sell. Additionally, those who recently bought houses are struggling to cover their mortgage payments with rental income. The situation is further complicated by issues like divorce or job loss, which force some homeowners to sell. The number of unsold houses is increasing, and many deals are being cancelled. This trend, combined with other economic factors like rising inflation and debt, suggests a difficult future for the real estate market.
➡ The text discusses the current economic situation, highlighting the high cost of living, inflation, and housing affordability issues. It emphasizes the importance of financial preparedness, including having savings and stored food. The text also mentions job layoffs in government sectors and a decrease in retail sales. Lastly, it warns against falling for scam messages and encourages everyone to be financially responsible and cautious in these challenging times.

Hey, it’s Dan. Welcome back. This is IAllegedly. And I’ve got a good one for you today because buyers are failing to show up. I’m in downtown Huntington Beach, California, and this is wild. Guys, the IHOP. One out of business down here. Close. Forever. No more rooty-tooty, fresh and fruity. Okay? Done. Isn’t that wild, guys? IHOP is done. Okay? It’s done, guys. People are not spending money going out. Hit the like button, subscribe to the channel. We have a sponsor, Patriot Gold, today. But, guys, let’s get right into it. When it comes to real estate, people are not showing up, guys.

They’re just not selling houses. And what we’re seeing is the staggering amount of houses that are getting pulled from the market. In January of 2025, we had a staggering 77,000 houses that were pulled from listings. We’re not going to sell it. We’re going to go to a more favorable time, is what the average listing agent said. We’re going to go to where rates are going to go down and people are going to be more favorable like the spring. Okay? Now, understand this. If you live in certain areas and you’ve got snow and inclement weather, I’m sure that would slow down house sales and house showings and things like that.

But to sit there and think that there’s going to be a better time, I’m telling you, guys, get ready. Get ready for 7% interest rates to stick with us. It’s just going to be there. They’re not going to go down any time soon. Think about this. 65% of the people out there right now that have a home loan are in the 4% range. Now, you’re lucky if you’ve got two or three, but if you’re 4 and under, what are you going to do? You’re not going to sell us what they thought.

Now, what’s happening lately is that you’re experiencing more people that have life issues. And government jobs. Hey, I’m getting divorced. My wife has dated a plumber. Those type of things make it so it doesn’t matter. You’ve got to sell the house. This is becoming a bigger problem all the way around. The other thing is that the people that have recently purchased cannot rent the house out for what their mortgage payment is. Another kiss of death. So, they’re doomed right now. They’re doomed. You know, Scott Walters, realtor in Santa Barbara, says, listen, if you want to buy a house right now, buy it so that your down payment would cover the rent.

Look at what that house would rent for before you purchase that home. What solid advice is that? Now, here’s the thing. I don’t own a house right now, which I’m gleefully happy about. Every house that I’ve looked at right now has a problem where they cannot get insurance for the house. The state program called FAIR, which F-A-I-R, it’s all capitals, right now, because of the L.A. fires and other disasters in California, is a billion dollars upside down. One billion dollars. And they have determined, there’s a story below on this, that the homeowners that have existing coverage right now are going to have to have a supplement and pay for these problems.

Isn’t that terrible, guys? So, you get to get paid for everybody else’s house. Think about this. These people couldn’t get regular insurance like you could get, so now you have to pay for their loss right now. Some of these people are never going to rebuild, and because of California’s strict restrictions and crazy restrictions, and, you know, restrictions over some beetle or whatever, green environment or peace and freedom, okay, you are not going to be able to rebuild your house right now. Uh-oh. Uh-oh. It’s only going to get worse, guys. It’s only going to get worse.

It’s super windy, so I’m going to go back the other direction. But I’m telling you guys, you haven’t seen anything yet. So, average house in the market, the last number that we have was 56 days, and it’s climbing. Every realtor that I’ve spoken to has said it’s getting longer, and the buyers, well, the buyers are more sophisticated now, Dan. Well, what does that mean? They were stupid buying houses two months ago? No. You can make any excuse you want, but people are not closing deals right now. It’s that simple. It is that simple.

The inventory for unsold houses is climbing right now, and, you know, one in ten properties were still in the market, and, what is it? 64% increase from 2023. Guys, I’m sorry, one in ten properties were pulled from the market. It’s a 64% increase over a year earlier, okay? Wild. Wild, wild, wild. Now, the problem with it is the payments. Realtors that I’ve talked to have talked about the deals we’ve closed lately have been cash deals. One realtor was on Facebook bragging about how, hey, I double-dipped. I got the buyer, and I got the seller.

I sold it for $2 million. And I’m like, what jerk? And I would want to use the D word here. What jerk would sit there and brag about this? Oh, yeah, I double-dipped him. It was great. Okay. Well, the point was the buyer was a cash buyer for the house. People that buy these homes don’t care. Don’t care if you’re paying cash for a house. I mean, most of them, I’m going to live here forever. This is going to be my forever house. So, if it drops 10, 20%, you just don’t care about that.

Crazy. Crazy, crazy, crazy. You know, in December, there were 1.15 million houses for sale, and it’s a 16% increase over year-to-date. Now, even with the drops in the contracts, 41,000 contracts were canceled in January alone, midstream. Remember, we talked about the 50-some thousand in December. Another 41,000, but it’s the highest level of cancellations since 2017. This is not good, guys. Again, the buyers are not showing up to purchase homes right now. Just that simple. So, let me know what you think about this so far. You haven’t seen anything yet, but, again, people are having to make tough decisions.

People are going to have to start selling and have to lower the price. With all this extra inventory that’s coming to market, what do you think is going to happen? Seriously. Oh, the prices are continuing to go up. You’re delusional if you think that’s what’s going to happen. Let’s talk about our sponsor, Patriot Gold Group. You know, experts like Robert Kiyosaki say that people keep asking him, where is silver going to go? Where is gold going to go? And that’s the wrong question. The real question is, how much do you own? You guys have to get gold and silver into your retirement plan today.

The best place to do that is number one rated Patriot Gold Group. Call them. 888-330-1431. If you don’t want to call them, use the link below. Fill it out. They will answer all your questions. They’ve been number one rated for nine years in a row. Very easy to do business with, and you need to contact Patriot Gold Group today. IRAs, 401Ks, they’ve got the only IRA that’s free for life right now. Call them today. You know, think about this. A couple weeks ago, Nvidia stock completely decimated the stock market. One stock made, you know, people lose $600 billion in value in one day.

What’s going to happen in the future? The S&P 500 could take a dump as much as 25%. What are you going to do, guys? Protect yourself and get a hedge with gold. Call Patriot Gold Group today. 888-330-1431. Do it now before it’s too late. Some things to think about that are very serious and that the Producer Price Index wholesale prices, wholesale manufacturing, the inflation on that went up 3.5%. It’s the highest level in four years. So, oh, that’s no big deal. No, it’s a huge deal because it’s people making stuff that we have to pay for, guys, and this is everything from cardboard to metal to electronics to cars to everything.

Now, speaking of that, manufacturing went down in January and they’re blaming car production on that. Guys, I’m telling you this right now, it’s everything. Everything. When you have an IHOP, go out of business in a resort town, that place literally had people there all the time. Why did it close? You know, a woman walked up to me as I was filming and she goes, gosh, I hope they put a nice restaurant here and not a place like this. I’ll be shocked if that place reopens with anything right now. That’s how bad it is.

So, you know, people’s debt to income ratio, household debts, debt to income ratio has climbed through the roof. Delinquencies and credit cards are going at an all-time high right now. It’s funny. This place was a Mexican restaurant called El Ranchito. It was nice. Again, out of fire and after the fire, couldn’t rebuild. They have like, I want to say 13, 14 locations in Orange County, something like that. Maybe eight, whatever. But good Mexican restaurant. It’s not coming back, guys. Done. Done, done, deru. Everything is suffering right now. People do not have the money to go out to eat.

They don’t have the money to go out and eat at IHOP. IHOP is no longer a value. It was no longer cheap. It was incredibly expensive to go eat there. That’s what people are experiencing right now. So, let me know, guys. Let me know, but not rebuilding, you know. So, this is Main Street in Huntington Beach, California. I would walk up through it. It’s just super, super windy out there on PCA. So, let me know what you think about this. Are you concerned about this at all right now? I am. Shorebreak added a new hotel down here.

I don’t know if anybody’s going to go there, but you’ve got to pull your finances together. You’ve got to look at making sure you have money in the house, making sure that you have food in the house. It’s funny. I was in the garage and found, from moving from one location to another, I found a bunch of my stored food that I had, and my friend said, oh, I locked it up for you and put it in all these bins. You have to have this stuff, guys. You need to talk to people on which food will last for years, what water you can store, dry goods, everything like that.

Once again, we’ve talked about how inflation’s here, guys. We’re not going to get rid of it. So much money was given away during the last five years that you haven’t seen anything yet, and it’s not going to slow things down. With high inflation, people are like, oh, housing prices are only going to go up from there. Okay, people can’t afford the houses that are out there right now because of the high interest rates. What’s going to happen with these $2 million houses you have here in California? They’re going to go to $4 million, and people are just going to have a $28,000 a month house payment.

I will never forget. I was flying a plane when I was in junior high, and Jerry Buss, Dr. Jerry Buss, owned the Lakers, and Dr. Jerry Buss bought a really beautiful house. It was famous. It may have been the Pickford Mansion, but he bought it from a famous actress from the silent era, and he went out and had a $28,000 a month house payment, and it was in this magazine. Yeah, the interest rate off’s better than me paying the thing off. I just was like, $28,000 a month. There were people that didn’t make that in a year back then.

As a kid in junior high, I just thought that was crazy, crazy numbers. Let me know what you think about this. And I’m telling you, what are you seeing in your neighborhood? Are prices moving? Now, here’s the thing. Here in California, I see condos that are $800,000. I have friends that are looking at places. Listen, we’re going to retire. We want to slow down. We’re going to buy this $800,000 condo. And I’m like, wow, think about this. That place was $400,000 five years ago, and it’s doubled in price. So is that a good decision? Is it not? Can you wait? I think you should.

More people are waiting. More people are pulling things off the market, more private sales. Plus, you haven’t seen anything yet with the fires here in California. That’s going to affect a lot of things. But imagine, you’re a homeowner and you get to pay for that calamity. That has nothing to do with you. You could live 1,000 miles away from that. It has nothing to do with you. One thing that is crazy right now is the layoffs that are happening on the government side of things. Housing and urban development is going to lose, you ready? 50% of their employees to layoffs.

You guys want to take a buyout? Get out now. Now, postal workers, postal, US postal system is going to lose 5,200 employees, as they’ve already announced. This is going to get crazier and crazier, guys. You’re just going to see more and more of this right now. So let me know, guys, what you think about this, because you haven’t seen anything yet. Now, I get people that are just fuming right now, and how dare you? This is terrible. Better cross the street from El Ranchita that’s done. You know, it’s sad, guys. This is absolutely crazy that we’re living through a time when people get upset over people cutting back right now.

Everybody’s going to cut back. You need to cut back. I need to cut back. Everybody does. It’s funny. A friend of mine who was sitting there looking who drives a lot from state to state, and she’s like, I’m looking at a hybrid car, and I was telling her about the Prius, and she’s like, oh, that’s great. But, you know, so they’re starting to make super wild deals. You can buy base model cars from places like Toyota that are giving stuff away. Commercial real estate loans in Los Angeles. Think about this.

January saw an uptick of people that were paying their mortgages. Now, the delinquency rate had hit 8.4% at the end of December. I mean, 8.4% of the loans were behind. Now, it dropped 1.2%, which is a huge turn around. Hey, let’s pay our mortgage. The problem with this is that you still don’t have people renting these places. You still don’t have them with the ability to refinance these places. They’re just making the mortgage payment, and these guys are celebrating the fact that they’re doing what they’re supposed to do, which is pay their bills.

But, great article from Biz Now below on that. Guys, look at everything. Look at everything that’s happening in the economy, and make up your own mind. But, again, I’ve told you people this. It’s just you and the cat, or you and the dog, or one man van, one woman show. Get your life in order fiscally. Take care of that, because you will feel better right now, because we’re going to run into some dark waters right now, and you cannot deny this. Now, you can be a real estate agent, and shoving it down everybody’s throat, talking, hey, I sold a $2 million house, I got both ends of it, double dipped it, you know, and be a jackass like that.

But, I’m telling you, you may not sell another house for a very long time. Let me know what you think about this, and I hope everybody’s good right now. I’m going to finish this video with these last couple stories. First things first, guys. I got a text message that my toll road account is in jeopardy. Uh-oh. Better contact them. Pennsylvania Turnpike account, huh? Hey guys, I’ve never been to Pennsylvania. So, please don’t fall for these scams when you get these text messages. Yes, does it mean that your account has been jeopardized? Yes, but just don’t click on stuff like that.

Don’t share it. You know, hey, is this Betsy? Are you free tonight? You know, when you get those fake texts, do not respond to them. Just delete them, block them, that’s the end of it, okay? It’s that simple. Final, final story, and this is back, it just got snuck in under the radar to end the week, and that was that retail sales have dropped dramatically. Again, because we get real numbers now, they went down nine-tenths of one percent. Last month, they tried to lie to us and say, no, no, retail sales in December had shot up seven-tenths of a percent, and everything was great in December, and they were revised up.

Remember, every number for the last three years was revised. There wasn’t one number that was just left alone. It was all revised, but the truth is you’ve got retail sales that are down nine-tenths of one percent. That’s simple, guys. Please, hit the like button, subscribe to the channel, email me hello at iallegedly.com if you want, and people say, I say okay, and right now, too much. So, okay, right now, have a nice day, okay? What are you doing for a job? Anyways, okay? Right now, let me know, okay? I’ll see you very soon, guys.

Email me anytime. [tr:trw].

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