Something BIG Is Happening In THIS One State AND IT'S NOT GOOD.

President Biden's sweeping plan to help renters comes at the expense of mom-and-pop landlords as if we need another hit right and they're not even actually coming after the likes of large companies like BlackRock or any other type of property management company these are actually coming after the mom-and-pop landlords like me and you eighteen hundred dollars on Social Security checks we're going to discuss the exact dates the exact mailing dates for May 2023 store closures are hitting San Francisco as office vacancies and fears of crime are on the rise California cannot get a break folks now there's up to 6.4 million one dollar bills in circulation right now that may be worth up to 150 000 I know it sounds crazy we're gonna talk about that later in this video and your home is one of the most valuable assets for most people State Farm will no longer issue property insurance in California this is wild guys lots of big changes have come down the pipeline I want to get you guys up to speed if you guys are new to the Channel please consider subscribing to the channel and while you're at it go ahead and drop a like for the video I would totally totally appreciate that guys so store closures are hitting San Francisco as office vacancies and fears of crime are on the rise guys commercial real estate the commercial real estate mortgage Market is it's not looking good it's not looking good so 19 real retailers have left San Francisco's Union Square since 2020. the latest departures include Nordstrom Office Depot Old Navy can you guys these are these are big companies these are not some small retail operations retailer cite concerns over employee and customer safety related to shoplifting and other crimes are you guys seeing crime escalating in your area hit me up in the comment section down below and let me know what things are looking like where you're at Whole Foods decision to close its flagship store in in downtown San Francisco made national news but it is far from the only retailer to pull out of the area recently now I do know that there are some there's actually a lot of retail um buildings and shopping centers still going up right now although some are closing so I'm not sure if this is kind of like you know migrating out of the areas that are underperforming and migrating to the areas that are performing let me know what you guys are seeing out there now the shopping district around Union Square has lost several major retailers over the last few years as reports of crime and drug use in the area have caused safety concerns for both retailers and patrons now what's Wild is I've actually seen a lot of tick tock videos filmed in and around the San Francisco area and I don't know if this is like an exaggeration but I I've seen some wild and craziness going on just stuff like stuff that you might see in like that video game um Grand Theft Auto or something like that not what you would expect in real life in real Society I really hope that this is what I saw was a compilation of uh incidents that you know I I'm hoping that what I saw was the worst case scenario and not what's happening on a regular basis is the bottom line but if I have any if we have any viewers from California specifically around the San Francisco area or if you know people who live there let me know what you guys have seen or heard so Old Navy is the latest Gap store to shut down in downtown San Francisco its doors will close July 1st um this is horrible Old Navy this is this is this is a big deal Saks OFF of fifth will also close no later than this fall you've got Amazon go they've closed all four of its locations in San Francisco in April Amazon also closed Amazon go in New York and Seattle Whole Foods closed its store a trendy Place on Market Street last month lots of store closures guys Office Depot said in April is going to close a location near Union Square Nordstrom plans on closing its department store downtown actually we had Nordstrom clothes near me and the obviously it's a huge amount of square foot for that particular department store it sat vacant for about maybe eight months to a year before Von Maurer actually signed a lease with the mall and occupied that space hopefully uh wherever Nordstrom is located in California they can get that um get that location released because man to have a big old anchor store like Nordstrom disappear that's that's going to be painful Banana Republic said that it said that in January it would relocate its Union store to another location so basically tons of companies are looking to move out of this Union Square location you've got Athleta The Container Store Creighton Barrel Abercrombie and Fitch Disney Marshalls guys they're all trying to bounce so let's talk about this eighteen hundred dollars in Social Security checks exact mailing dates for 2023 May of 2023 so the Social Security Administration admitters are excuse me the Social Security Administration continues to send monthly checks to retired workers in 2023. now the SSA or Social Security Administration is also responsible for sending supplemental security income also known as SSI SSDI this supplemental security income uh for disability and for survivors benefits but here's the payments for the month of May so 1800 on Social Security checks SSI recipients receive their payments on the first day of each month or the last day of certain months if the day if the first Day falls on a weekend those who begin receiving their Social Security payments before May of 1997 will receive their benefits on the 3rd of each month all Social Security checks are sent based on beneficiaries birthdays so second Wednesday of the month retirees with a birth date between the first and the 10th the third Wednesday is for beneficiaries born between the 11th and the 20th and the fourth Wednesday is for retirees born between the 21st and the 31st now the exact mailing days for Social Security payments in May so you got May 1st for SSI recipients you got May 3rd for uh pays who began receiving their payments before 1997 May of 1997. uh May 10th for beneficiaries with a birth date between the first and the 10th May 17th for benefit beneficiaries with a date of birth between the 11th and the 20th and May 24th for beneficiaries with a date of birth between the 21st and the 31st now the this is all you know monthly Social Security checks thanks to the 8.7 cost of living increase the average retirees payment actually Rose to 1 827 and this is according to the Social Security Administration so I'm not making this up and I know a lot of people are getting a lot more than this for Social Security some people are getting a lot less than that from Social Security but according to the Social Security the SSA Social Security Administration uh they're saying that the average retirees are receiving 1827 dollars now the maximum benefit for those who retire at 62 years old is two thousand five hundred and seventy two dollars workers who retire at full retirement age 67 can receive a maximum benefit of three thousand six hundred and twenty seven dollars a month so you know this is such a debatable topic like is it better to actually wait and get the maximum benefit or should you take a lesser amount but start receiving it early and then maybe you know assuming you have a little bit of margin to work with maybe you can invest that money into maybe some uh maybe the stock market maybe real estate maybe pick up some uh ETFs or index funds that maybe pay some dividends and those dividends could help to provide income during the retirement years certainly some things to think about you know you can leverage platforms like M1 Finance for investing Fidelity Vanguard um E-Trade you know MooMoo any of your favorite investment brokerage companies TD Ameritrade so yeah definitely and and then the other thing is it's like okay if you waited to start collecting full retirement age Social Security checks what if you don't live that long and I think that this is what the government's baking on you know have people wait longer hoping to get full retirement uh Social Security checks at full full retirement age but if you if you don't make it then they just get to keep the money basically right so I don't know if that's fair now Biden's sweeping plan to help renters comes at the expense of mom and pop landlords so basically the White House is planning to nationalize the housing policy and Grant renters more protection has left Mom and Pop landlords uh basically a little bit concerned and the blueprint for renters for the blueprint for a renter's Bill of Rights lays out five key principles that President Biden he hopes will shape future policy making at all levels of government with the aim of protecting renters and promoting rental affordability now we've already seen a taste of this California governor Gavin Newsom he's got some pretty uh un landlord-friendly laws in place which have allowed a lot of a lot of tenants and really deadbeat tenants to take advantage of mom and pop landlords and basically just kind of stay in the properties for essentially years on end meanwhile can you imagine being stuck with two mortgage payments most people can barely get by paying one rent payment or one uh mortgage payment every single month but just imagine you know you're you're you're a mom-and-pop landlord and then your tenant if you happen to live in California decides to stop paying and then the laws allow the tenant to continue to stay there and not be able to evict the tenant it's unbelievable you know and I understand that some people hit hard times but the the door swings both ways you know a hard time can be felt by both the tenant but it can also be felt by the landlord so you know I'm all about being fair and you know trying to look out for people but you know at some point in time um you know something's got to give now there are some there are some alternative means of being able to invest in real estate not everyone can afford investing in real estate right now many people might struggle being able to come up with a down payment needed to afford to purchase real estate uh today specif specifically as a investment property this and on top of that it's even more difficult from a cash flow standpoint with uh Fed chair Jerome Powell raising interest rates right now in fact I reported earlier today that mortgage interest rates have literally just crested over the seven percent Mark so it's making purchasing real estate even more expensive and even more difficult to make real estate cash flow so yeah now the thing is is the good news I should say is that um you don't have to purchase real estate the traditional way there are other lower entry ways of getting into real estate as an investment and the good thing is that for example you know you've got many different ETFs and index funds that will allow you to get in for a lot less money out the out of pocket to get started so for example uh you've got real T-Mobile as an opportunity there is First National Realty Partners now they deal mainly with uh I believe they deal mainly with commercial real estate you'll need to double check that but fundrise is also another one I think a lot of you guys are familiar with that one and it doesn't require you to be an accredited investor fundrise is an online investment platform that lets you invest in dozens of high-end real estate properties without the high-end price tag with as little as a hundred dollars so this is good news for the average person trying to get in right so um now we talked about one dollar bills earlier in in this video and how they may be worth up to a hundred thousand dollars so I I know a lot of you guys like to keep cash on the side uh for emergencies maybe you're safe under your mattress a little bit of cash in the car whatever the case is here's the thing you might want to check your cash and see if you happen to have one of these one dollar bills that's worth a hundred fifty thousand dollars or maybe worth up to a hundred fifty thousand dollars so basically coin and currency collectors in the United States may be willing to pay up to 150 000 in search of rare one dollar bills with a particular printing error from the U.S Bureau of Engraving and printing now I don't know if you guys heard about this uh this printing error but basically you know the FED screwed up so to speak right so the Federal Reserve didn't catch this error which was kind of wild until it was too late but basically what happened was two batches of one dollar bills were printed one in 2014 and another in 2016. and they feature this particular error so the error is and and the bills went into circulation before the mistake was found so over six million bills over six million one dollar bills were printed and distributed into circulation so in November of 2014 the U.S Bureau of Engraving and printing sent a request to its Washington DC facility to print a batch of one dollar bills but in July of 2016 the exact same request was sent to the Fort Worth facility so basically uh the the bills got duplicated so this miscommunication results in dollars being printed with duplicate serial numbers technically counterfeiting the currency big old mess anyway long story short there are currency collectors out there who are willing to pay top dollar if you happen to have one of these um one dollar bills um which had been duplicated so you might want to check your your cash stash and see what kind of one dollar bills uh you may have because you might be sitting on 150 000 and don't even know it definitely share this video with a friend or family member um and make them aware that hey they might have some basically might have a an unexpected lottery ticket in the form of a one dollar bill worth a lot more than they think State Farm they will no longer be issuing property insurance in California California just can't get a break can they I mean between San Francisco falling apart all these different stores leaving San Francisco now you got a major insurance company like State Farm no longer issuing property insurance as wild especially when you think about the fact that the average American's largest asset um is basically their house so just imagine even if you have a paid off house can you imagine sitting on a 400 500 million dollar house but however much your house is worth and it's not insured and then God forbid something terrible happened to the home and it's not covered this could literally wipe people out in in the blink of an eye so State Farm will no longer be selling homeowner and property insurance policies in California citing the state's Wildfire risk and construction costs are outpacing inflation I can't make this stuff up guys they are saying that inflation and uh and Wildfire risks are just too costly to remain profitable or they at least or to at least make it worth being issuing policies out in California as of Saturday the agency will cease accepting new applications including all businesses and personal lines of uh Property and Casualty Insurance now just think about this for a second guys if more and more in now granted State Farms not the only insurance company in California so hopefully you know uh there's other insurance companies that are not planning on pulling out but think about it if you have a home for sale and you have a hard time um imagine you have a home for sale and insurance companies are pulling out of your state in terms of coverage just imagine how difficult it would be to try to sell that house knowing you can't get or you might struggle to get insurance coverage for your property and I mean this is this could be a huge problem for a real estate uh values the the housing market in the state of California because just imagine the banks are paying attention to this and whenever you get a mortgage the banks are not going to let you uh just have a financed property whether it's a car or home and allow it to be un uninsured or underinsured so just imagine if more and more companies start pulling out more and more insurance companies start pulling out of uh California that's going to create a a horrible problem in the real estate market for Californians and home prices could go no Direction but down if that happens so I don't know how many people live in the state of California but definitely get this message out because people need to understand what is happening and what is coming down the pipeline because things have changed rapidly so anyway guys I I do hope that you guys got some value out of this video you should see a video here or here definitely check out these videos right after this one again if you guys made it this far in the video drop a huge life for the video also subscribe to the channel and let me know what what your most what your favorite topic was that we covered in today's video I really appreciate you guys you guys be safe