➡ Dan from iAllegedly discusses a new financial trend called “buy now, pay later” for rent. This system allows people to defer their rent payments, but Dan warns it could lead to financial disaster as people may fall into a cycle of debt. He also mentions a company called Zip that breaks rent into four payments, but he fears this could be exploited by people who can’t afford the subsequent payments. Lastly, he highlights the rising cost of living and suggests the solution is to earn more and spend less.
➡ The text discusses the challenges of living in a popular area like Ocean Boulevard, including issues with privacy and parking. It also talks about the wealth tax in California and how it’s causing wealthy individuals to leave the state. The text mentions stricter tax rules in New York, requiring proof of residency in another state to avoid taxes. Lastly, it discusses a private channel called I Allegedly Live, the bankruptcy of a women’s store chain called Francesco’s, and Steak and Shake’s investment in Bitcoin.

Hey, it’s Dan. Welcome back to iAllegedly. I have a good one for you today. This is almost unbelievable. There is something new out there. Buy now, pay later for rent. Buy now, pay later rent. What a recipe for disaster. Please like this video. Please subscribe to this video. Don’t forget, if you guys want to take advantage in, check out the iAllegedly Live channel, which is all the uncensored stuff. We have a free trial where you can see it for absolutely free and no sign up on newvideos.com. So go check it out and search iAllegedly, but let’s get right into it.

Buy now, pay later rent. This is a recipe for disaster. Buy now, pay later is a very simple process, guys. You want to purchase something, usually from $50 to $1,000, and you can then go out and you can have nothing down and have it deferred. And it’s different than your credit card because they can do certain things and break it down into a couple of payments, three payments. And if you keep the payments, you have little or no interest for these transactions. And the companies that you do business with pay the initial fee to have the luxury of having this system.

Although there is a company called Affirm, which is one of the companies that does this routinely, and they are messing with buy now, pay later rent. And oh my God, that is a horrible idea. Because again, we have all been there. We’ve all been strapped. We’ve all been had months where we just weren’t doing well and needed a break. The idea with this is that this is a pattern. People get themselves into a rut where they are going to be behind constantly and they will never get caught up. And as I started to research this and they said, hey, wouldn’t it be great to break your rent up into two payments? Now, one time I had a landlord that did this and it was the first and 15th.

And I actually enjoyed it at that point because it was just great. Here you go. Here’s your money. And then, hey, I hate this. This comes to me one day. You’ve got to pay everything in the first and none of this two payments anymore. You understand? Okay, fine. So I did that and changed it, but it sure was convenient to do that. And there was no, you know, there was no problem with that. Now in Australia, weekly rent, guys, you can make your monthly payment or you can have weekly rent payments. All of the rent is based on a monthly, excuse me, a weekly payment in Australia, which is kind of a funky thing that they do.

Now, where this creates a problem for people is that in this world where people are strapped and they have no money right now, what they’re doing is they’re trying to come up with creative ways to keep you in the house and get you in the house. But if you don’t have your rent payment, which is basically about 62% of everybody’s budget every month, you’re financially upside down. You’re doomed with this. Now, it’s crazy. It’s absolutely nuts because the premise of this is very simple. Make the payments on time. You won’t pay any interest. The problem with it is the majority of the people that do this, which started at about 20%, and now it’s well over 40% of the people that have these payments are behind on them.

And that’s what the banks and a firm and Klarna and all these other companies are doing. So I started to research this and I’m like, horrible idea. Well, there are companies out there. One of them is called Zip. And I’m not slamming on Zip because it’s a thriving enterprise. But what Zip does is they will break your rent into four payments, pay a little fee for that, and they will pay your rent and then you pay them back. Well, what’s going to happen is you’re going to have people that are gangsters and criminals and they know that they’re not going to have the second, third, and fourth payment, and they’re just going to get in there and then it’s going to be Zip’s problem.

And that’s the problem that you’re seeing financially right now. People do not have the money before this lifestyle. I went to a Trader Joe’s before I filmed here and was shocked at the prices for food, meat, and everything. It is outrageous right now. What a steak cost to buy a steak at Trader Joe’s for $20, to go out and to see chunks of chicken. I like to buy the precooked chicken for Rosie to give her a treat every now and then. And I’m like, I’m not doing that for $16. It’s insane. I’ll go buy chicken and cook it and chop it up and give her a treat that way.

It is beyond what anybody can afford to pay for right now. This is such a bad financial plan for people to get themselves into because if you don’t have your rent, you have nothing. You’re behind and you cannot afford a lifestyle that you have. Now, I’ve been there, guys. I was just thinking about this because I reminded a friend about this. When I was a single dad with two kids and had $138 available credit on one of my credit cards, the other ones were already maxed out, but I knew that. And because I was so tight financially and was so worried about things, I would sit there and go to the store and I’d walk into Walmart, buy them food, get their list of what they wanted, and sit there, okay, $16, $18, $22, $26 plus tax equals this.

And then, okay, my $138 is now $104, and I kept it that tight. Now, no, I’ll just go buy and I’ll pay later. Why worry about that? Because it’s not a way to live, guys. I wasn’t getting ahead during that time. I could have gotten deeper into debt during that time. That’s what nobody wants to sit there and talk about. The highest percentage of people that are over 50 years old right now do not have a retirement right now. That is awful. One of my favorite houses in Corona Del Mar, with all the water damage they’re fixing, this thing has been in and out of foreclosure, and they wanted, at the peak, $36 million for that house.

And again, I get to walk in front of it with no backyards, that little tiny yard right there. It’s got a pool back there, too, that you can splash in. I’m sure you get some quality people out there. But again, major water damage. My friend, Doug, posted this house for foreclosure on three separate occasions, and then it finally was purchased by somebody who spent an entire boatload of money to fix the water damage. So enjoy, enjoy. But again, you can live amongst the pretty people. People right now are completely upside down financially. As we enter 2026, I found you a great article about how you’re seeing more and more people getting 84-month car loss right now.

Well, this will solve the problem, Dan, with affordability. It will just lower the payments and extend it out. The only problem is, a car is not like buying gold that’s going to hold its value. It’s going to go down the second you drive it off the lot. Why do you think I spent seven weeks looking for that car that I just bought to save $10,000? Yeah. Okay. Not everybody can do that. Well, yeah, you should do that. Everybody should do that. So, the greatest thing ever, three years ago. Buy now, pay later for pizza. You can make two and three payments on that pizza you buy today.

I wanted to try it, and then I thought, no, I don’t want to screw up my credit. I don’t want to do this for $40 frickin’ dollars. So, what do you guys think about this? Isn’t this nuts? So, Zipp will allow you to make four payments on your rent. The only problem is, I think his name is Matt Schultz, the CEO of Lending Tree. He said, well, this is going to create a problem where you’re going to have more and more people that will be paying off last month’s bills this month, and they’re going to have a cycle of debt.

So, okay, keep going, keep going. Notice there’s no idea of a fix for this. Well, the fix is make more money and spend less. It’s the old Ozempic thing that I can’t stand. I’ll just take a pill and it’ll fix my weight problem. Why don’t you move, Tubby? Eat less. Oh, that’s terrible, man. No, it’s not. Does everybody know what’s in shape? Including me losing eight pounds already this year is the fact that I’ve exercised all the time and eat less and change my diet. These lots right here, this one and this one, we’re both $7 million apiece, and they’re building one large home on that.

Isn’t that crazy? Does that make it a $25 million, $30 million house? Who knows? The house next to it, which these people are going to be really pissed off, was what we called the Titanic house because they built a house. See how it’s triangle like that? Well, it’s got the triangle deck out front, and we always said that people would go out there and act like they were Kate Winslet with Leo. But the only problem is you’re going to now have a house block your view. So talking about potential losses, it’ll probably be fun, don’t you think? So those big glass doors, they just opened up.

Isn’t that beautiful? It’s going to be amazing. All right. They make some do-re-mi to own that. But again, the problem with this, I wanted… I’m telling you guys, when I was young, my dream is to live on Ocean Boulevard. I’m going to have a house here. Come here on the weekends. It is hell. It’s everybody that doesn’t live here, that doesn’t want to go down to the beach down there. They want to park up in front of your house. And you guys like me walk in here with a camera. I don’t care if that’s $50 million and it’s done.

I still get to go film in front of it because this is a public park right here. Isn’t that crazy? There is a wealth tax problem here in California where the wealthy are fleeing, billionaires are fleeing. And this is designed so based on your assets. Like the guy from Google, Sergey, that just bailed, he has 40% of the controlling… 30% of the controlling stock in Google, but he owns 3% of the company. They’re not basing his wealth in the 3% of the company. It’s on that 30% voting share. It’s his convoluted shenanigans.

These guys are like, why would I pay you guys $40 million for the state of California? All you have is homelessness. You have all these people that cannot afford, you know, they cannot afford to run the state. They have so much money that they’ve pissed away on the bullet train and on everything else that they’re doing that. Now, the next one is New York City. New York City has its state tax, and what it used to be was that you had to spend 184 days away from your state. And I know, I’ve got a wealthy guy in my life that I know I deal with business, and he lives in Florida most of the time.

And that’s great. The idea with this is that he has residency in Florida so he doesn’t have to pay state taxes here when he comes back. New York is getting a little more stringent with their rules. What they’re doing is they’re telling people… Shots were not just not in the sunshine, guys. There. New York is making people show if you… Let’s say you leave New York and you were paying taxes there before. That’s not good enough to say you live in Florida or another state that doesn’t have the taxes. You better register to vote.

You better have a driver’s license there. You better have electricity bills and power bills and things like that. Hey, f off, New York. Is that your business? Well, it is because the tax man’s coming. So you can sit there and say that you’re not a citizen of New York anymore, but that’s a problem. The tide is incredibly low right now, and with the tide being low, you get things like stingrays out there. And there’s all these sightings and all these people getting stung when the tide’s really low like that because people don’t shift their feet in sand.

So, again, it’s exciting, guys. It’s exciting. One thing I covered a little earlier is don’t forget we have the private channel I Allegedly Live, which is all the uncensored content I love doing, but there’s a free trial that you can check out on newvideos.com, and you can post and share your videos there, but it’s free for the next couple days, and so far so good. Everybody likes it. It was getting some good feedback and comments on it, but check it out today and just search I Allegedly, or I put the links in yesterday’s video.

I put the links to the latest videos, so check it out. Let me know what you think, and you can see some of the videos for free before you want to sign up for it, so check it out. What else? Let’s end this with something good. You know, oh, Bitcoin? Two things. Francesco’s, the female women’s store chain, they just filed bankruptcy, and you know what’s funny is I get all these great different places for news and stuff. Women’s fashion daily, hello, what’s that? Well, they just showed me the Francesco’s story that this entire store chain is going out of business.

You’re going to see more and more malls down for the count, done, finished, than you’ve ever seen in your life. Steak and Shake, just bought $10 billion of the Bitcoin. Well, that’s diversification, isn’t it? $10 billion of the Bitcoin. Isn’t that crazy? Hey, guys, don’t forget our temporary email is IAllegedlyAtGmail.com. I think this is the last day of that, but send me your story, send me anything you want to do with communication, and I’ll talk to you soon. Onward and upward, guys. Thank you. [tr:trw].

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