➡ Dan discusses the current economic situation, highlighting the issue of corporations buying up real estate, which is causing problems for individuals trying to buy homes. He supports the president’s plan to limit corporate ownership of large amounts of single-family homes. He also warns against relying on credit for necessities and encourages living within one’s means. Lastly, he emphasizes the importance of budgeting and financial responsibility.
➡ The speaker discusses the potential financial crisis in commercial real estate due to loans being called in, and the importance of supporting local businesses. He also advises on personal finance, suggesting people clean up their credit, save money, and prepare for potential opportunities in the real estate market. He warns about the struggles of retailers and encourages buying items like summer watercraft in the off-season to save money. Lastly, he emphasizes the importance of making smart financial decisions and preparing for the future.

Hey, it’s Dan. Welcome back to I Allegedly. I’ve got a good one for you today. Because as markets are booming, businesses are failing. And there’s a lot of things in the economy that are affecting each and every one of us right now. And I cannot wait to cover this with you. Please hit the like button, subscribe to the channel, but let’s get right into it. You know, one thing that I get common when you search through my, you know, in the haters, let’s just put it that way. And they say, you will own nothing and you will be happy.

Haven’t you figured that out yet? You know, it’s that type of stuff. Emails, messages, everything. Well, this all goes back to real estate. And it goes back to the fact that corporations are buying real estate at a record pace right now. Well, the president wants to eliminate corporate homeownership for multiple single family houses. So where they buy a truck and rent everything out and they control your life. They control how much they’re going to raise the rent every year, what maintenance they’re going to do, what they’re not going to do, and what you’re going to have to pay for.

Well, the president wants to get rid of corporate homeownership for large parcels of single family homes. This would change everything for a lot of different reasons because when, first of all, let’s just use BlackRock, the name that everybody talks to me about. When you bring BlackRock into the equation and buying homeownership, there is no free market. You don’t have, you know, you don’t have a barrier to negotiate. You don’t have something where you can walk in and wow, that’s a fixer up. Let’s go buy that and get safe $30,000 in the neighborhood. You don’t have that.

Well, this will put a glut of inventory on the market. You’re going to see tracks right now that are being built for corporate homeownership that are going to stall. And you can sit there and say, well, this is terrible, man. We want to be able to build our houses and sell them to whoever we want. Sure thing. Sure thing. The problem with this is that we don’t need a renter nation. You do need to have people own a house. It’s that simple. Now, here’s the thing. You don’t need to live in Newport Beach on the water and have a $30 million house.

You don’t need that. It’s just like your automobile. You need a reliable car that can get you from here to there. And every single multimillionaire that I know has just that. They don’t sit there and drive the McLaren. They don’t drive the Ferraris. They don’t flash for anybody. What they have is something that’s reliable, but they don’t have maintenance problems that can get them from here to there. The heater works, the radio works and the air conditioner blast beautifully. That’s what you need. We need the same thing with a house. And the greatest advice that I was given is I was playing with my own head last year at this time, the last two years, looking for big houses.

Oh, I want a guest house. I want this. I want that. I want to be able to have separate parking for my people. All this nonsense that as a single man, I did not need. And here’s the thing. My son, he’s going to come see me in the next month. Great. He’s going to stay in the guest room. That makes sense. There’s nothing else that I need. I’ve got a place for me, a place for Rosie. We can hang out. I don’t need anything else. Now, could I afford more? You betcha. But do I need it? No.

Now, live within your means, buy a home, have the American dream. As we sit there in the one year anniversary for the Palisades fire, I am just blown away that between that and the Eaton fire that there have been think about this 12 houses that have been built 12 12 12 12. That’s horrible. All the missing money, all the problems with these politicians that’s being brought to light right now, which it should be. There should be accountability. We need a world that you can go out and you can buy a house and you can feel good about owning your house and not have to worry about the shenanigans of corporate homeownership and competing against people we can never compete with.

You and I cannot afford a 30 million dollar house and we shouldn’t go play with ourselves and hit ourselves and go and look at stuff like that. You know, all these corporations outbid everybody with cash, all the problems that I’ve heard of, you know, neighborhoods turn into rental portfolios. It’s horrible. It’s absolutely horrible. You know, BlackRock, you’re going to see problems with this. But when this got announced, we started to see the stock drop. We started to see people look at this differently. I love this. I love it because it just let the free market speak.

Let people go out if they want to buy a house or buy 20 houses. You can do that as an individual. Go do it. But you’re just not going to have BlackRock sweep up everything in Lake Forest, California for the heck of it. OK, you know, Wall Street’s, you know, separating all these record high levels, but you’re seeing all these businesses fail right now. I’m telling you this. I do not believe that this is all real. You just can’t have everything go straight up and not have a problem. The thing that adds to this is gold and silver.

Gold and silver continue to stay very, very high. And I’ve seen all these different reports that people sent me how it’s going to be manipulated. You’re going to see gold and silver drop. La la la. Good. If it does, guys like me will buy it as much as you can of silver because you just don’t have it. Going to the show was fascinating because I really did see a tremendous amount of corporate innovation that was good. A lot of it’s tied to a lot of it’s tied to ease and making your life smoother. How can you minimize things? Think about this.

Needed a locksmith. How may I fix my lock? Go ahead. Come on. I’ll pay it to do that. Oh, wait. I need to come out and look at it and tell me what’s wrong with it. Oh, the inner gears is a lock savable. Is it not savable? OK, thanks. OK. The problem that we have right now is we’re getting a tremendous amount of stories of credit is being used for necessities right now. You don’t want to borrow money. We’ve all had to do it to just get by. I always tell people that you don’t want to borrow money to put fires out because they’re going to smolder and they’re going to be there.

You have a problem in your business. Oh, let’s just go borrow money and fix this unless you have a solution to move forward and pay that off. You are in trouble. It’s the same thing in your personal life. You can go out and you can get yourself money to pay things off right now. Is that going to solve everything for you? Seriously, is it? Don’t live that way. How many people use credit cards to pay for groceries? Now, I have people that write me and say, listen, Dan, I make money. You know, my Discover card pays extra when I use groceries and this card pays extra.

I’m not, you know, go do it. But these are the people, those people that do stuff like that. I’ve done things like that. I pay the card up at the end of the month. I don’t sit there and carry a twenty eight thousand dollar balance like some people have talked to me about. You know, the buy now, pay later thing, there’s a huge scam right now with the buy now, pay later. Remember the infinite money glitch that we talked about where people were going out and they were, you know, putting checks into the ATM and pulling cash out.

Well, there’s a thing with Klarna and those different buy now, pay laters right now that you can go out and they will do what they call a soft pull. So you have good credit. You can go out and buy a fifteen twenty thousand dollar item and they’ll do buy now, pay later for you. Then you never pay it off. That’s funny. Yeah. Isn’t that great? Yeah, Dan, I did it. And now I’m not going to pay this off. Well, the joke’s on Dan. If Dan does that, because it’s going to destroy his credit. Yeah. But I got myself the Louis Vuitton bag for eighteen thousand six hundred dollars.

You know. The word budget, you know, one of the greatest things as a parent, I told you guys this is my twenty four year old son has a budget and knows exactly down to the penny, how much he makes, how much he spends. And I meet people. I met people in Las Vegas and asked them that. Oh, I’ve got the idea. I know pretty much you don’t. You’d sit there and say, yeah, I have exactly down to the penny like guys like I do. The advantage to this is that if I make a dollar less than a month.

Oh, wait a second. That cost me money. I got to pull up from the savings. That’s the difference. The twenty four year old kid that’s doing the same thing. That’s a big deal. I’m circling right now. There’s different packs of families of birds that are out here that I don’t want to walk near because it gets the mommy and daddy all worked out. You know, commercial real estate right now, you’re going to see a day of reckoning that’s going to finally happen in twenty twenty six because you have hundreds of millions of dollars worth of these loans that are going to be called in this year.

And they’re not going to be able to refinance these every commercial real estate person, whether they just do leases, they do sales have just said that the problem, the metrics don’t work. And you’ve got to figure out different ways to justify these units. What does that mean? So if you have a building that has twenty five units and you’ve run about two of them, why would that be an attractive building to buy right now? Because of the potential of sinking more money into the money pit. No, no, no, no, no. So you’re going to see these loans get called in and you’re going to be a day of reckoning with that.

It’s just going to it’s going to be fabulous, actually. You know, we have looked at so many different things from businesses failing in twenty twenty five. We’ve had record businesses go out of business and I’ve covered this extensively. But right now, you have to support your local mom and pop business. You’ve got to look at, you know, getting your getting your credit cleaned up, that’s the best thing you can do, because let’s say that this BlackRock thing does go down and the president eliminates the potential ownership for the corporations. You’re going to have a glut of real estate on the market.

But are you ready to do that? Are you ready to buy that? I have told people, you know, sandrails. What’s the latest thing? Summer toys and water toys, boats, jet skis, personal watercraft, things like that. Little tiny boats. I’ve had a lot of people write me about that later. Hey, my husband thinks you’re crazy. He deserves it. I’m not saying he doesn’t. But why don’t you just do an ounce of research and buy something like your summer watercraft here in the wintertime when people are trying to unload them? Because the problem with these these retailers is that they’re struggling right now and it’s terrible.

Oh, hey, we’ve got six percent finance. Don’t rely on that. Don’t rely on that. Go out and work a deal and try to save as much money as possible. That’s the best thing you can do for yourself and your family. I’m telling you, nothing is more rewarding than saving a little money. I was at a summer concert and a man named Dean and his wife walked up to me and said, hey, I want to thank you. And I got a picture with the guy, him and his wife. And he said, you know, we really changed our financial thinking because of you, Dan, because we went out instead of buying a new car, which we could totally afford.

We looked for a used car and we saved over ten thousand dollars off the new car price. But we don’t have a loan. We don’t owe anybody. And I always just said, gosh, one day I’m going to be down in Laguna Beach and I’m going to run into Dan. And it was great. But my girlfriend said, isn’t it fantastic that that how we’re working of an experience that is that somebody actually listens to this and just doesn’t have to have the gas and saying, hey, I’m going to figure this out. You’re not going to figure out.

I’m not going to figure it out. Do you know where this is going to be in six months? We know. But the difference is that if you’re prepared for this, you can get ready. If you stat cash and you are prepared for this, you could get tremendous deals on anything you want, including the real estate that is not going to be available to these corporations. This is going to create a problem for them. And you’re going to see builders that will not complete homes. You’re going to see neighborhoods that think about this new construction.

I always tell them, don’t shy away from new construction. Just go and try to get yourself something that’s really good. We’ve seen all the power sports bankruptcies, the luxury icon, Saks, the retailer. He’s going out of business, guys. They’re going to file bankruptcy. But let me ask you this, because I asked this before. How many of you have ever been in the Saks Fifth Avenue? Gosh, I don’t know. Never. Yeah. The catalog was great. The store is bougie, and they’re rude. I don’t know about you, but I can get you a cashmere scarf that would run you $800.

I could pay my water bill for the next six years. You know what I’m saying? It’s insane. I could go on for an hour about this stuff. Compass coffee, a veteran-owned coffee. He had to file Chapter 11 because of declining traffic. Why? People didn’t like it. I’m at Veterans Park right now. This is such a great park. It celebrates every branch of the military. It’s fantastic. You don’t think people would go and celebrate that? Why? Because they can’t afford a $6 cup of coffee, and you’re not alone. They’re not bad. They’re just, no, don’t have the extra money to go do that.

I’d rather make coffee at my house. It’s funny. The coffee pods are not selling like they used to. The replaceable reusable coffee, little filters that you can get for your curries and things like that, selling like crazy right now. Please hit the Like button. Please subscribe to this channel. Do not forget that we have the new video sharing site, newvideos.com. We have a private channel that we do content on basically daily. We have over 500 videos on that. Look at the family. Look at this. They’re going to walk over and chase me off. I hear you.

I hear you. You can learn a lot from the ducks. It’s nice to come out here every couple weeks and see the little duckies get bigger. Hello, hello. You will own nothing and be happy. No, I own plenty, and I’m very happy. That’s what you need to look at. The shenanigans, that line, the line of S is ridiculous. God bless America. Capitalism works. It’s just that simple. And the free market gets destroyed when these people are given the opportunity to buy everything. The builders hate this. Right now, D.R. Horton, Lenar, every little mom and pop that built a track of 18 homes, they’re freaking out right now.

This is terrible. We’ve got to stop this. I’m going to talk to Bill Pulte. Pulte owns Pulte Homes. He’s stepped away from it right now. But no, no, no, no, no, no. You’re going to have to come up with some other alternative for you. Questions? Don’t forget to email me at iallegedlyatgmail.com as we get the new website up. Onward and upward, guys. Make good choices, and we’ll see you very soon. [tr:trw].

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