Hey, it's Dan. Welcome back. You're watching. I allegedly, and got a good one for you today because what does this mean? Okay. What does it mean? What does it mean? Okay. Cover a lot today. Please hit the like button. Please subscribe to the channel. Don't forget to join the email list. If you're on the email list and you sign up for the Christmas card. Card, it's going to go out before Christmas day. 

And for those of you that won something, you need to look for the blue envelope that looks like this. Okay? If you get a blue envelope after Christmas, it's got cash or prizes in it. Literally cash or prizes in it. So open it. Okay. Thank you, one and all. Plus, today we have a sponsor, ageless multicolagen. And first things first, guys, we keep getting economic news. That's insane. 

And my favorite story that started this was out of the Wall Street Journal this morning talking about, hey, it looks like inflation is going to be normal for everybody globally in 2024. But what does that mean? Okay. What does that mean? I want you to think about this. You've seen inflation in the last three years just completely destroy our lives. Make it so that everything is more expensive. 

And it's funny, give you something ridiculous, is that when I make the kids tacos, it's like the same ingredients every time. I used to be able to do this for $22. Okay, it was $46 this time, $46 for the same food that I bought two years ago. Okay, so, okay, inflation is going to go. So it's going to stay at $46 or go around 2%. That's insane. Everything is shot up. 

Everything is completely overpriced right now. But it's going to be fine now. It's going to be okay. Now, I want you to understand how bad things are right now. There has been such a problem with businesses that cannot sell anything during the holiday season. People do not have money. So you can talk about inflation not going up. They're going to have to lower prices on certain things, guys, to make it worthwhile to you to get in there. 

And the fact that you're going to see after Christmas sales that are going to be unbelievable. But here's the thing that floored me, was Walmart, target, all these places are pulling home Depot, also pulling all the Christmas ornaments early. Aren't you guys going to liquidate this stuff after the holiday? Nope. We're getting rid of, don't you know? We didn't sell much of it and we don't want to give it away. 

It's what I was told at a Home Depot. So such a problem right now. That real mean. Again, this will have a rim shot to it because it's ridiculous. Fannie Mae has just done their real estate prediction for the next two years. Okay? How do you predict real estate? I am telling you from all the real estate professionals that I've talked to, and I'm talking mortgage lenders that have done this more than an hour and a half. 

I'm talking about people that understand a down economy, okay? And I'm not talking about. I'm talking about 20 years, 30 years, people that are like that. Or, hey, my mom did this before I took over the business. People like that. That's who you want to talk to right now in the mortgage and real estate space, people that have seen it go south before, because what's happening right now is craziness. 

You're seeing houses that are getting prices slashed. Sugar Ray Leonard, the boxer, one of my favorite fighters of all time, just lowered the price of his house by $4 million. Guys. Hello. Okay, now, clearly a different neighborhood than you and I live in, but there's something to be said about this. But Fannie Mae talking about a two year prediction for real estate, it's ridiculous. Now, the only thing that they did that was real, that I want you to look at is you're going to see for good credit, good job, good down payment, 20% to 25% down. 

Okay, batter up, guys. Batter up. If you buy a million dollar house, you have that 250 sitting in a drawer. Okay? You better have that so that to get yourself 6. 67%, that's going to be the new norm. Wow. I beat six and two thirds interest rate. I beat that. That's what will be the new norm for 2024 into 2025. Real estate professionals, that called the 8% mortgage, they're talking about how it's going to be six and a half, and if we could get it to six and a half, that would be great. 

Get ready to pay more. And then my favorite thing is, oh, Dan, disinflation is coming. You're going to see disinflation. That is a lower amount of inflation, guys. Okay. Thank you, dad. Granddad. Okay. It's ridiculous. The fact that some people in our audience are loaded. I mean, there's people out there, guys that have so much money, it's unbelievable. Okay. And they're retired with pensions and millions of dollars in the bank. 

And gas could go to $15 a gallon. And you know what they would do? Okay. Yeah. That's tough. Okay. Wow. It cost me 300 to fill my tank up. They don't care. The rest of us that have to get places and do things and budget are living a different life. Okay? The cyberattacks are just escalating out of control. And there are two that I really want you to look at. 

The first one is the utilities. And again, this goes to your VPN. This goes to your own security and your own computer password. There was a hack that was done to most of the water utilities that changed the passwords to one one four digit code and changed it to one one one. That was one of the hackings. And they don't know if it was Iran or who did this or what. 

Bad group, bad actor did this, but they changed the password to one, one one. Hello. Now, if you're one of those people that Steve Wozniak, you. Hey, I used to have 123456. Those are my lotto numbers, too. Okay? Eat a salad, Steve. Think about this. This is the perfect way to have someone come in and hack you, okay? So you're going to see more and more of these hacks. 

You're going to see more and more hacks on a daily basis because people have made millions and millions of dollars from this. And do you want to go work for a living and go steal it? Okay, that's what these people are thinking. And they're going to go steal tens of millions of dollars over getting a wage from somebody. Okay, so you're the herons up here. They're not stupid. 

They're hanging out for the fish. And yes, this is right in the flight path. Beautiful birds. Look at. That's. So you're going to see more and more of these hacks. They're going to happen on a regular basis. And the next one, mint mobile. Mint Mobile is a budgeting app. It's also a place you can buy low end cellular service. Ryan Reynolds sold the company and made himself a billionaire. 

Basically between that and his aviation gin. So he has nothing to do with the company now, but they were hacked. What did they get? All the passwords, all your data, your phone numbers, everything. So you're going to get hit with all this stuff time and again, and you have to look at this, you have to look at changing your passwords. Dates like Christmas, New Year's. Oh, I'm so busy right now, Dan. 

I don't have time to change my passwords. You're crazy if you don't do this right now. Because it made me do. It made me write them all down and make sure that everything was changed. And my it guy that's working on our video site, that guy. Oh, my gosh. This guy's passwords are 19 characters with characters I don't even know how to find. Okay, so it makes it a little more difficult to hack when you've got that. 

So share your thoughts on this stuff. So far out at the end of the Balboa pier. It's just beautiful out here. It finally stopped raining. Look at this. Let's talk about our sponsor, ageless multicolagen. For four months now, every morning when I get up, the first thing I do is take a scoop of ageless multicolagen and put it at the bottom of my coffee cup. It is tasteless, it's odorless. 

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Take a look at it today. Go to healthwithdan. com. It's from the good people at Biotrust who have shipped over 15 million products. Check it out today. Who? Here is a story that you're going to hear over and over again in the first half of 2024. In Los Angeles, the downtown area, there's a tremendous amount of skyscrapers. It's like a mini New York City or a mini Chicago. 

Okay. It's just not the same. Lot of buildings, a lot of big ones. The third tallest building just sold. Congratulations to the seller and to the buyer. Wait a second. Last time it sold was in 2014. Now it sold at $147,000,000, which was a 60% discount. 60% off 62 floors. This area is plagued by vacancies. If it didn't have 20 year tenants in this area, they say that it would be down about 75% to 80%. 

Because once again, it's LA. It's LA. Okay. It is an absolute disaster down there. Parking is a nightmare. The crime is a nightmare. The homeless, they rule the joint. And guess what? Now they're selling office buildings at $0. 60 on the dollar. So absolute discount. Aon is the building. And it's a disaster, guys. It's an absolute disaster. So the shape of things to come when you have a minimum of 30%, I think that that's being generous. 

People want to work remotely. This article wasn't like, wow, isn't this disaster? It's like because of the remote working. It's like, I don't care what your reason is, you can be as stupid as you want, but think of all the infrastructure that you get lost when you have vacancies. You don't have the dry cleaner being used, the hair salon, the flower shop. I know this area. It's fairly close to Staples center or crypto arena, whatever they're calling it. 

This know, the problem with it is that it's just been decimated. And you have business after business, restaurant after restaurant closing. And again, you're seeing all these high end restaurants in LA going out of business because they don't want to compete and people don't want to work down there. It was just a disaster. Okay? Now the next thing is, what is the average age of a person buying a home in the United States right now? What? 27, 28? Come on, guess. 

Play the game. 49, 49. 49 years of age is the average homebuyer. Okay. Yeah, that's up 20 years, guys, because the average youngster is going to go out and rent for life. Right now is where it's at. Now you can sit there and say, this is great. This is how it is. Well, wait a second. Go look at some of these rents. What they want in some of this new construction, my favorite that you guys have sent me and that everybody keeps saying how great this is, is where they converted an office building into a residential building in New York City. 

And the rents are 30% higher than they are anyplace else. And it's an okay area. It's nice. It's nothing special. So think about that. You're going to pay all that money for this right now, and it's only going to get worse and worse and worse right now. But the average home buyer right now, 49 years old, okay, so crazy when you think about it, what we have to do. 

I am going to finish this video with this last story and this last story is what are the most popular Christmas gifts of 2023 for men and women? Okay, guess what number one is? Come on, say it. It's what Dan likes to get to. Okay. 50% of the women said cash, 36% of the men. Vouchers and gift cards was number 242 percent of the women and 34% of the men. 

And then that was clothing after that for women, clothing for men and shoes for men. Go get a pair of shoes. Okay. Cosmetics for women was next. Smartphones for men. And then jewelry and watches for women. And then men, it was food and drinks again, little cash, pair of shoes and a nice hot meal, and we're good. Okay. And then women said ebooks after that. Okay. And then men said computer. 

And then men's final thing was consumer electronics. So they surveyed almost 1100 people for this, too. So I always get blown away when they do stuff like that. Beautiful morning out here. Please don't forget to hit the like button. Please don't forget to subscribe to the channel. Email me at. Hello at. I allegedly look for the blue envelope in your mail this week because if you got one, you won cash prizes, gold, silver, hug and a kiss from me. 

Okay, thank you guys for being here. I truly appreciate it. And be kind to everyone. Reach out to people right now in the holidays and just ask them how they're doing. A lot of people are hurting right now, and this is a weird time right now. People don't want to admit that they're financially upside down. They just don't want to do it. They just want to act like everything's okay. 

Everybody's working all the time and they are not okay. So be grateful. I reflect. My late girlfriend passed away a year ago and I just have to look at everything, everything good in the world, how she transforms my children's life. And they are better, much more successful people because of this, because of somebody in their life. It's not what she bought them, it is what she gave them. 

And the advice and the love and caring and how she taught them how to be good people. And we can all learn from that. Okay? So onward and upward, guys. I'll see you very soon. .