➡ A real estate investor named Xintao faced fines for his tenant’s misuse of his property on Airbnb. In other news, a family visiting a college in California had their belongings stolen from their car, leading them to reconsider the college choice. A woman’s luggage was lost and found in a homeless encampment, and Rite Aid is closing more stores due to bankruptcy. Lastly, Dollar Tree was fined for selling products with high lead concentrations.

Hey, it’s Dan. Welcome back. This is I, Allegedly, and I’ve got a good one for you today. There’s a lot to cover today, and you can’t buy a car right now, okay? You can’t get cars, and it’s a ton of stuff to cover. Like, subscribe, please comment in the video and share it, and today we have a sponsor of Private Internet Access. We’ll talk about them in a little bit, but first things first. There is an auto insurance software company called CDK. CDK is currently under a cyber attack, and it is making it so that you cannot purchase autos at some of the major auto dealerships across the country.

You’ve got General Motors, cannot buy or sell cars right now. You’ve got Group One, which is around most of the country, and then you’ve got Holman, which is in eight states, and a couple of smaller other companies, too. But the crazy thing about this is that they got hit with a cyber attack, and this is the software that does contracts. It contacts the DMV, contacts the manufacturer. You know, make sure that the title is clean. Everything about this is what this software does, and it makes it so that they cannot complete a transaction right now. Well, good luck to you.

Good luck to you guys. I’m on the bridge in Chrono Del Moss. It’s just lovely to come up here. It separates the two areas over Bayside Drive, which is that nice street down there. But once again, guys, these cyber attacks, I had lunch yesterday with a guy who is an IT designer, software developer, engineer, super smart guy. And Mark is brilliant, but Mark and I covered, like, probably 50 different topics. But the problem with this is that you get a lot of posers that are in that industry that act like they’re in charge of things. The people at CDK should be done.

You should have these IT people fired because when you have these cyber attacks that keep happening over and over and over and over again, they’ve got to be able to stop this somehow. They have to be able to do something to eliminate this headache from happening to where you cannot conduct commerce within your company. It’s that simple. Now, can you fight everything? I guess not. I guess you can’t. But you need to be able to sell automobiles and write policies and be able to write service agreements. It’s nuts. It’s crazy. Absolutely crazy. Think of the hundreds of millions of dollars that was lost in, you know, two days already.

Two days. Okay. We have another insurance company, Occidental Casualty, that is not going to write policies in California anymore. Nine thousand policies for homeowners. And they’re done. They’re not going to write these policies anymore. It’s just, you know, hey, it’s not profitable, cannot make money, too much risk in the state. I think the state is just stupid myself personally, you know, I just had something sent to me where governor Newsom wants to have a, you know, demand that all trains be electric and there is no such thing as an electric train yet. So let’s mandate something that isn’t built yet.

Okay. So there’s that. But Occidental has got nine thousand homeowners that are not going to be able to rewrite their policies right now for fire and for homeowners issues. I mean, that is crazy, guys. That’s just it. This is it’s getting to the point now that something has to be done. And again, if we had leadership that was concerned about, you know, people’s lives and business and commerce and things like that, you would have a resolution so that homeowners could go to bed tomorrow night and not have to worry that they don’t have homeowners insurance. Think about that.

Is that nuts or what? It is. So let me know what you think about this. I love this neighborhood. This neighborhood leans down to the beach. I filmed down here a bunch. You know, we talked about the foreclosures in this area, the wealth in this neighborhood, you know, six, seven, eight, ten million dollar houses. You know, houses and then you get to the other street and they go up above twenty two to twenty five million dollars for a home. You got this house here that in front of me that went as high as twenty six and a half million dollars, but just has a tremendous amount of water damage to it.

Ouchy mama. So my buddy Doug posted this house foreclosure for a foreclosure for twenty two million dollars. So let me see. Somebody didn’t pay their bills. You know what I mean? So, you know, it happens in every neighborhood. But how would you like to be the fool that bought this house and then you have all this water damage? Look at that thing. That beautiful should be the should be my thumbnail if I had any sense. But anyways, you know, happens in every neighborhood, guys. So the cyber attacks, every time you have a bank shut down, every time you have ATMs that go down, there’s just a flurry of emails to me and contact to me that up.

This is it again, Dan. This is it. But, you know, I want to thank Victoria for sending me this because it was she says hot off the press, Dan, brand new cyber attack. So congratulations. But once again, guys, could you imagine? Spending all that money. Look at this. Look at this, guys. It’s disaster. No, number one. This is a joke for twenty two million dollars. I don’t care how much money you have to have a house, you know, on the street. Zero privacy zero zero a lot. I mean, you just have no acreage of nothing out here.

The lot. This is probably not even a 3000 square foot lot. But look at the water damage, isn’t that? Isn’t that awesome? That’s crazy. Absolutely crazy. OK, congratulations, homeowner. Good for you. OK, I wonder who’s getting sued over this one. But anyways, there’s a lot more to cover. Let’s talk about our sponsor, Private Internet Access. Private Internet Access is a VPN. It’s a virtual private network. We’ve talked about this a lot with all the cyber attacks and everything going wrong with these hackers. You need to protect yourself individually. The best thing to do is to get a VPN that covers your entire household.

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But if you don’t have a VPN, you’re kidding yourself. You can change locations. There is, like I said, there’s no hardware to install. It’s very simple. It’s 83 percent off. Use the link below and take advantage of this. It has been the product of the year for two years. And let me show you how simple this is to use. All you do on your device is you open PIA, you press one button, and when it turns green, you are protected. I can surf the net and I can change my location. I can protect myself and make it so that the bad guys cannot see what I’m doing.

Sign up for this today, guys. It’ll never be cheaper, and the service is absolutely first rate. Again, product of the year for two years in a row for a very good reason. Save 83 percent and check out Private Internet Access today. In the spirit of real estate, let’s do a few more stories on this because they’re so awesome. Here’s a great story out of Redfin. Seattle, Washington, think about this. Over 60 percent of the house listings are considered what they call stale listings. Well over 30 days in the market. Do we have a problem? Do you smell that? Yeah, I do.

I smell it. It’s the problem of summer, the heat, the beauty of this. You see thousands of people trying to find a spot in a beach in the morning has just given you an idea that they’re not thinking about purchasing a home right now. So the stale real estate market is going to only get worse. So you’re going to see a lot more deals, you’re going to see a lot more problems, you’re going to see people get desperate as the heat wears on. That’s going to happen. Next thing is zombie mortgages. People that took out mortgages.

I’m blown away by the story. NPR did this story and it’s got information below on it. But it’s wild because you have people that took out mortgages in 2006, 2008, didn’t really work it out with the bank and then somebody bought the mortgage. And now you know what they’re doing, they’re floor closing on these people’s houses. And they anticipate that it’s been 10,000 houses that have had activity on these homes. So you’re going to see a flurry of these people that are going to have to step forward and make deals or face the house being sold right out from under them.

And the woman that they talk about below them, she has a foreclosure where the house is worth about 600 grand and it’s selling for $178,000. That’s a deal. That’s a deal. But again, didn’t deal with it. The next one is Xiaotan or Xintao. Xintao is this guy’s name. He’s a real estate investor engineer who bought himself a nice investment home in Vegas. Xintao came out and said, Hey, listen, I just wanted to rent this place out long term. I was thinking about doing Airbnb, but it was complicated. So he rented it out to a guy on a long term lease.

And this guy then went out and listed on an Airbnb and had parties and insanity because it was in Las Vegas, Nevada. And it was right near the strip and people did not follow any rules. People just lived and had utter chaos at this home to where the neighbors complained to the city and said, Hey, we think that this guy’s leasing this out on Airbnb. And that’s not allowed. So what did they do? The city goes out and checks it out and find out that that address is in fact being listed on Airbnb. So they contact the guy and find him, you know, $1,000 here, $1,200 there, $2,100.

And then finally, they said enough is enough. And he says, Oh, it’s my tenant. It’s not me. It’s my tenant, which they don’t care. You know what I mean? They don’t care. Your car’s the, you know, the car with the bad registration. They don’t care. They don’t care who’s driving it. They’re going to write you the ticket. So this guy got fined $180,000 from the city of Las Vegas, $500 a day. Hey, how did we go from $2,100 to $180,000? Because you didn’t follow the rules. You just blew them off. Gentao. So Gentao did that.

Okay. And if you read the story below, it’s an awesome story because it just, you know, this engineer, super smart guy, you know, was playing stupid now. Okay. So I’m telling you, the Airbnb thing sounds so great. You’ve seen the videos make, make $5 million, you know, owning somebody else’s property and leasing it out. That’s what the tenant probably did. But who knows if Gentao had anything to do with it. Or not. Okay. And that’s his name, Gentao. Okay. So share your thoughts on that one and the other real estate stories too. Okay. What about the stale listing? Seeing stuff sit around on the market a little longer than it did before.

It’s only going to get worse, guys. It’s only going to get worse. Here’s a couple of great California stories for you. A young man had graduated from Coconut Grove High School and was scheduled to play football here in California at Lincoln College. And his family flew out last week to tour the school. Isn’t that great? Congratulations. That’s awesome. The family went and had Jamaican food and checked out, you know, the area and came back to their car only to find out that the rental car had all the windows broken and all the suitcases completely stolen from the car.

Windows shattered and crime being a problem. And then people walked in and said, yeah, you don’t leave stuff in your car, guys. You know, don’t you guys know better? This is Oakland, California. You don’t do that. So it made it so that these people were at fault for taking their son to college. I mean, you cannot make this up, guys. This is absolutely insane that you have areas that are this bad where the crime is that rampant. And then you had a woman that traveled and went to Denver from Los Angeles and she realized that her luggage was missing.

Okay, no problem. I got an Apple Air Tag in my luggage. And all of a sudden she sensed that something was wrong because she could see that the luggage went from Los Angeles to Denver to Dallas back to Denver back to Los Angeles. And she’s like, why does this seem kind of odd? So she went to retrieve the luggage because she found out where it was. And then she found it moving very slowly down Western Avenue. So if you don’t know where Western Avenue is, guys, it’s an area that Dan won’t drive to. Okay, so it’s not the best of neighborhoods in certain parts of Western Avenue.

And needless to say, she found her luggage completely gone through in a homeless encampment, found the, you know, what was left of the suitcase and the Apple Air Tag. Okay. But again, no explanation from the airline. Sorry, you know, don’t know what to tell you. But again, would you be furious about this? Because I would be livid myself, guys. So let me know what you think about this. And again, sorry, but people, the people with the kid, the prospects, they’re not going to bring their son to this school. They’re not going to allow him to attend that universe.

They’re going to pick a new school, rightfully so. So needless to say, I sent my, I sent my son that story, he wanted to go to Oakland this summer to attend a Oakland A’s game before they leave the season before they leave the stadium. And he said, Okay, you’re right. I’m not going. Okay. So this video did one good thing. Okay, let me know what you think. Would you go to Oakland anytime soon in and out? left Danny’s left target left. Everybody left. Okay. And now the crossman, they’re leaving too. Okay, let me know. I’m going to finish this video with these last few stories.

Rite Aid is going to close 27 more stores in Michigan and Ohio because they’re doing so well. And their bankruptcy, they’re insisting that they close these unprofitable stores. Homelessness is huge business, especially here in California. People are making money hand over fist right now when it comes to being in the homeless business, give you an idea. There is a brand new high rise. That is 19 stories, 278 units, 19 stories. It’s $165 million project. And they get $56 million in tax credits. And basically, it’s $600,000 a unit. I did the math for you. But they’re going to house the homeless there.

Okay, brand new building guys, brand new building. So your family has to suffer through trying to pay ran trying to pay, you know, their bills, and that’s what they’re experiencing. Now, here’s the most wild thing right now. Is that we have the largest percentage of people that they consider house poor right now. House poor is people that spend more than 30% of their income on their house housing. Okay, so with that being said, in the mortgages, you have a huge percentage of people that spend over 31%. It’s at almost 35% of the people right now that are completely upside down on their house payments.

Okay, cost costing them too much. Now, again, every everybody in real estate says there’s nothing to worry about. There’s nothing to worry about. Everything’s going to be great. Everything’s going to be great if you’re selling houses. Okay, because people are going to have to unload houses. The final final story is Dollar Tree. Dollar Tree was selling a apple cinnamon puree, those little squeeze things that had apple cinnamon in it. Wanna banana, wana bana. And they got written up because they had high concentrations of lead in them. And they were written up last year. And you’re about this.

Now they just got fined for this. So again, I don’t need from the dollar store. Okay, guys, I’m telling you, I’m the most frugal guy you’re going to meet. And I try to stay away from that. But you know, it’s funny, my buddy yesterday is Mr. Non GMO and Mr. Eating healthy. And he would tell you everything wrong with all that stuff. Stay away from that stuff. But read the story below about how they got fined. Please take a second to send me any emails that you’d like, comment in the video, share the video. And if you want to get ahold of me, it’s hello at I allegedly calm.

Hope you guys enjoyed this beautiful day. And I will see you guys very soon. Mhm. Mhm. Mhm. [tr:trw].

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