Latest / Connor with Honor: AI, Real Estate and Real Life / The Wire: Mortgage Rates 6.46% | AI Power Deals | Metal Thefts Hit SCV | CWH-2026-099

Transcript

The Wire: Mortgage Rates 6.46% | AI Power Deals | Metal Thefts Hit SCV | CWH-2026-099 · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: We got a lot to cover on the wire today.
• 0:02
  SPEAKER_00: We're going to talk about mortgage rates, 6.46%, and that's because of fears of inflation.
• 0:08
  SPEAKER_00: We're going to talk about Anthropocan and Google signing the biggest, most massive power deal for next gen AI, what that means.
• 0:15
  SPEAKER_00: We're also going to talk about this jobs report thing and showing the 178,000 new jobs that have been added, but then what's the AI replacement thing?
• 0:25
  SPEAKER_00: I don't understand it.
• 0:26
  SPEAKER_00: And then we're going to talk about mortgage refinance applications.
• 0:29
  SPEAKER_00: Of course, they've died 40%.
• 0:32
  SPEAKER_00: And then rising metal uh thefts hit LA County and SCV.
• 0:36
  SPEAKER_00: We saw that.
• 0:37
  SPEAKER_00: We saw that in the last foreclosure cycle as well.
• 0:39
  SPEAKER_00: Enterprise AI spins double in two months.
• 0:42
  SPEAKER_00: Wallet swiping dual busted.
• 0:44
  SPEAKER_00: Yeah, we got a couple of that.
• 0:46
  SPEAKER_00: People uh trying to take advantage of other people and the earthquake in Castag.
• 0:50
  SPEAKER_00: So let's get into it.
• 0:51
  SPEAKER_00: Good afternoon, good morning, good evening, whenever you're watching this.
• 0:54
  SPEAKER_00: First thing we're going to talk about today, and I cover multiple topics on these shows.
• 0:58
  SPEAKER_00: We're going to get into the mortgage rates and what's going on in that world.
• 1:00
  SPEAKER_00: Now, we have a 30-year fixed mortgage, and if you're looking at people that are giving you mortgage rates online and they're saying, hey, this is what I got some hair there, sorry.
• 1:09
  SPEAKER_00: Well, this is what your mortgage rate is going to be.
• 1:12
  SPEAKER_00: You might want to be weary with that just for the simple fact that they don't know your FICO score.
• 1:17
  SPEAKER_00: They don't know anything about you.
• 1:19
  SPEAKER_00: They're just basically teasing, putting a teaser rate out there.
• 1:22
  SPEAKER_00: Now, is it possible that you get that rate?
• 1:24
  SPEAKER_00: Sure, absolutely.
• 1:26
  SPEAKER_00: But is it always the case?
• 1:27
  SPEAKER_00: No, absolutely not.
• 1:28
  SPEAKER_00: You just want to make sure that you go in understanding that.
• 1:31
  SPEAKER_00: And in some cases, some of these lenders and agents and people that are putting this information out there are violating some rules, either legally or ethically.
• 1:40
  SPEAKER_00: So be wary with that.
• 1:41
  SPEAKER_00: If you're seeing something advertised online, understand that that could be something just to get you in the door.
• 1:45
  SPEAKER_00: And at the end of the day, I think most of the service providers, the people that are uh giving you money to buy a residence and also giving you money to refi said residence.
• 1:56
  SPEAKER_00: I believe they're all going to be pretty close.
• 1:58
  SPEAKER_00: A couple of opinions, pretty good.
• 2:00
  SPEAKER_00: Same thing if you're looking to buy a residence.
• 2:02
  SPEAKER_00: I would uh stack up a couple buyers' agents against you if you want a referral on that.
• 2:06
  SPEAKER_00: I have that.
• 2:06
  SPEAKER_00: I don't represent buyers, I'm a seller's only agent.
• 2:09
  SPEAKER_00: But again, for the buyers out there, you know, see what they offer.
• 2:12
  SPEAKER_00: Maybe agent A, after they talk with you, they give you this feeling of somebody that's able to get stuff done and actually get you the house you're looking for and get that thing closed at the best possible situation for you.
• 2:25
  SPEAKER_00: Then on the other side, you talk to agent B, and agent B is like a wet sandwich, just doesn't do anything for you.
• 2:30
  SPEAKER_00: So you want to gauge that up.
• 2:32
  SPEAKER_00: Now, as far as what's happening in the mortgage world, this is what the report talks about the good, the bad, and the ugly buyers who are looking to purchase real estate now, if interest rates continue to increase, they're golden.
• 2:45
  SPEAKER_00: More than likely, though, we're gonna probably see some kind of solve all to what's happening in the world, the Iranian conflict and all of these things, and everything's gonna settle back down to normal.
• 2:55
  SPEAKER_00: And that's also going to include interest rates potentially reducing in the future.
• 3:00
  SPEAKER_00: So if you do buy now, while everybody's kind of waiting on the sidelines, watching interest rates, and then in the future you decide to refinance, maybe that's not a bad position.
• 3:10
  SPEAKER_00: Something to consider.
• 3:11
  SPEAKER_00: Also, look at the cost of the refinance.
• 3:14
  SPEAKER_00: I know a couple lenders out there, they have a product where they're able to do a refinance for free.
• 3:20
  SPEAKER_00: I think they stack up two or three of those bad boys.
• 3:23
  SPEAKER_00: So you could actually purchase today at that higher interest rate.
• 3:26
  SPEAKER_00: And again, qualification is going to mean a lot.
• 3:28
  SPEAKER_00: Maybe you don't qualify at those current interest rates for the type of house you want.
• 3:32
  SPEAKER_00: And a half a rate or even a full, excuse me, half a point or even a full point means a lot of difference in qualification for you.
• 3:39
  SPEAKER_00: And maybe you're now not qualified for that particular market with your current wages, then you really have no choice.
• 3:46
  SPEAKER_00: I mean, you can go out and try to beg, borrow, and steal.
• 3:48
  SPEAKER_00: You can talk to people in your family, you know, but then you owe them.
• 3:51
  SPEAKER_00: I don't know if that's even a great thing.
• 3:53
  SPEAKER_00: But again, if you're priced out of it, sorry.
• 3:55
  SPEAKER_00: If you're still able to do it, maybe consider it.
• 3:58
  SPEAKER_00: Uh, what's going to end up happening in any switch in any market, if interest rates do come down here in the near future, we're going to see the market start to kick off.
• 4:06
  SPEAKER_00: Sellers are going to be closer to maybe being able to make a deal happen, actually wanting to put their houses on the market.
• 4:13
  SPEAKER_00: I talked about this yesterday, and almost every day, the sellers are holding or having applied or wearing what's called golden handcuffs, where they're locked into this really low mortgage interest rate, and it's difficult for them to move up, move out, move away, move down, whatever it happens to be, whatever their plan ultimately happens to be, it's very difficult holding on to that type of interest rate.
• 4:35
  SPEAKER_00: So what always pops into the brain is, hey, why don't we try to rent it and go buy something else?
• 4:40
  SPEAKER_00: A lot of times, because now they're facing that interest rate on the other side, a lot of times they can't qualify.
• 4:45
  SPEAKER_00: I mean, they have to really be bringing in a lot of income, especially to pull this off here in Southern California.
• 4:50
  SPEAKER_00: All right.
• 4:51
  SPEAKER_00: So as far as the bad, we have the affordability gets another squeeze, the market's scaling back.
• 4:55
  SPEAKER_00: We do see expectations for red Fed rate cuts in 2026, but anybody waiting on the sidelines for that 5% rate, that magical 5%, yeah, I don't know if that's even going to happen anytime soon.
• 5:07
  SPEAKER_00: But talk to your tax person or talk to whomever you use for that in that world, and then see if it makes sense for you to purchase real estate.
• 5:15
  SPEAKER_00: It's not just buying a house to hunker down and have something to call your own.
• 5:19
  SPEAKER_00: And there's a lot of emotional benefit from that.
• 5:24
  SPEAKER_00: You can do your research on that.
• 5:25
  SPEAKER_00: But the other part of it is actually stopping the bleeding.
• 5:31
  SPEAKER_00: Because in real estate, whenever you have mortgage interest that you're paying, and a majority of your loan is going to be interest at the beginning, very little goes to principal because it's scaled out over 30 years.
• 5:42
  SPEAKER_00: One of the things to look at is ask your tax person, depending on what type of employee you are, how your tax structure is, what you could look at potentially getting back, which you're not going to see that on a rental because there is a mortgage interest tax deduction.
• 5:55
  SPEAKER_00: It's a legal, real thing.
• 5:57
  SPEAKER_00: So talk to your CPA and see if you fit within those boundaries and then look at that.
• 6:01
  SPEAKER_00: That could be just reason enough to go out and buy something that you might be able to barely afford, but ends up being a much bigger benefit.
• 6:09
  SPEAKER_00: And right now, with the way rental prices are, it's not even a better deal to rent just because of the Palisades fire and the other things.
• 6:15
  SPEAKER_00: There are a lot of rentals out there that are very, very active.
• 6:18
  SPEAKER_00: It's hard to find.
• 6:19
  SPEAKER_00: Rentals aren't easy.
• 6:20
  SPEAKER_00: And all those prices, of course, when they can get you, they get you.
• 6:24
  SPEAKER_00: So there people are starting to cost, uh, it's starting to cost more money.
• 6:27
  SPEAKER_00: The ugly as far as if if inflation fears stick, we can see a return to 7% rates by summer.
• 6:33
  SPEAKER_00: Um, that would really pause the market.
• 6:35
  SPEAKER_00: Again, whether you're thinking about selling or buying in the seller's end of it, what's going to make sense to buyers is price.
• 6:43
  SPEAKER_00: And if there's not enough inventory, the inventory stays limited, then what's going to end up happening is the properties are probably not going to reduce in price very much.
• 6:53
  SPEAKER_00: But if more sellers start to panic and start to put their properties on the market, whether it's panic or because let's say just a lot of them said, you know what, I'm done.
• 7:02
  SPEAKER_00: I'm either wanting to leave California or I need to upsize, downsize, and stay in the state or move closer or further away, or I'm thinking of kids or this or that, whatever that decision process happens to be, if a majority of them start to list properties, we're going to see a reduction in home value.
• 7:18
  SPEAKER_00: That's how that works.
• 7:19
  SPEAKER_00: Especially now with interest rates being a little bit higher.
• 7:22
  SPEAKER_00: If interest rates drop down and they flood the market, more buyers are going to come in that realm, not hold back like we're seeing currently.
• 7:29
  SPEAKER_00: So then that could mean the market starts to at least it'll at least stay where it is, or it could start to increase in value.
• 7:36
  SPEAKER_00: It's just going to depend on what's going to happen.
• 7:37
  SPEAKER_00: All right.
• 7:38
  SPEAKER_00: So if you're still waiting for rates to drop before you buy, you know, you've got to think about it.
• 7:42
  SPEAKER_00: And again, you're not marrying the loan, you're marrying the house.
• 7:45
  SPEAKER_00: That's something that we talk about.
• 7:46
  SPEAKER_00: Number two, I talked about Anthropic and Google signing a massive power deal with next gen AI.
• 7:52
  SPEAKER_00: All these people running these AI companies.
• 7:54
  SPEAKER_00: I put this out yesterday.
• 7:56
  SPEAKER_00: We talked a little bit about it, where Anthropic came out with a mythos model.
• 8:00
  SPEAKER_00: They didn't come out with it.
• 8:02
  SPEAKER_00: It was leaked.
• 8:03
  SPEAKER_00: And then Anthropic talked about it.
• 8:05
  SPEAKER_00: And leaking, whenever you say leaking in today's world, it's almost on purpose.
• 8:10
  SPEAKER_00: You want to say that it's it was done for some kind of a tactical or strategic reason by companies.
• 8:16
  SPEAKER_00: I think you know that.
• 8:17
  SPEAKER_00: And if they did, in fact, eke it out by that, then they were able to come to Jesus on it a few days later.
• 8:23
  SPEAKER_00: And Dario, the HMFIC of that company, he comes out, he says, yeah, this is really what it is.
• 8:28
  SPEAKER_00: And in essence, it's a super powerful, mega amazing model.
• 8:33
  SPEAKER_00: And in addition to that, it seems to be somewhat self-aware and it's able to do a lot of things that no other model before it has been able to do.
• 8:42
  SPEAKER_00: Sound exciting, right?
• 8:44
  SPEAKER_00: Sounds perfect.
• 8:45
  SPEAKER_00: So what they went ahead and decided is they're not going to give it to everybody because you know that could be a mess.
• 8:50
  SPEAKER_00: So instead, they just give it to the top 50 companies in the world and the government.
• 8:55
  SPEAKER_00: So there you go.
• 8:55
  SPEAKER_00: So thank you so much for all your help.
• 8:58
  SPEAKER_00: And we should we'll see what that what happens to that over time.
• 9:01
  SPEAKER_00: So besides that, AI giant anthropic just secured a massive deal with Google and Broadcom for multiple gigawatts of TPU compute capacity to power its next gen clawed AI models by 2027.
• 9:14
  SPEAKER_00: That's a lot of stuff.
• 9:16
  SPEAKER_00: And we're going to see this continuing to grow in the AI sector.
• 9:20
  SPEAKER_00: Everybody is trying to get more and more compute because, in a lot of ways, they believe more compute, having more power behind the algorithm and by the L behind the LLMs is going to equate to that general artificial intelligence, that AGI.
• 9:36
  SPEAKER_00: I don't think it's going to take that.
• 9:38
  SPEAKER_00: I think we're right there.
• 9:39
  SPEAKER_00: I think, in fact, if you look at Mythos and some of these other behind closed doors models, not that we can look, but there's a lot of stuff happening that we're not seeing.
• 9:48
  SPEAKER_00: And it's reminiscent of the PlayStation days.
• 9:51
  SPEAKER_00: I didn't do a lot of gaming.
• 9:53
  SPEAKER_00: I did like Doom.
• 9:54
  SPEAKER_00: Doom.
• 9:55
  SPEAKER_00: Doom was the thing.
• 9:56
  SPEAKER_00: That was kind of where I was in my very early 20s.
• 9:59
  SPEAKER_00: Now I didn't really get into all the other stuff, the World of War Warcraft and all that.
• 10:03
  SPEAKER_00: However, uh, knowing that you can watch as those games continue to evolve, the people out there that are playing the games also.
• 10:12
  SPEAKER_00: So it's just things to watch.
• 10:14
  SPEAKER_00: I believe that we're going to watch as the different AI companies just get bigger and bigger.
• 10:19
  SPEAKER_00: And the changes between, let's say, a Doom type game and another one, just a few different ideas, a few good ideas.
• 10:25
  SPEAKER_00: Maybe that's going to be our segue into artificial general intelligence.
• 10:30
  SPEAKER_00: And should we be building it if you have a model that's better than every human being on the planet in every single way?
• 10:37
  SPEAKER_00: Is that good for us as humans?
• 10:38
  SPEAKER_00: That's something to always consider and think about when you're listening to these stories.
• 10:42
  SPEAKER_00: AI capabilities are about to scale exponentially, giving people in my venue, whether it's the AI space or real estate space, other small businesses, to be ridiculously smart, but right now it's being held by the top 50 uh businesses in the world.
• 10:58
  SPEAKER_00: So they get to play with it.
• 10:59
  SPEAKER_00: I guess JP Morgan is on there.
• 11:01
  SPEAKER_00: Or I don't know.
• 11:02
  SPEAKER_00: Anyway, some those types of companies at the 50 at the top.
• 11:06
  SPEAKER_00: So if it is really that good and they're able to copy human labor in a vast expanse, putting millions of agents at a company, then I think the next story about April's job report showing resilient economy and 178,000 new jobs added, I don't know if that's really the case.
• 11:25
  SPEAKER_00: So that's the headline.
• 11:26
  SPEAKER_00: Latest job report shows U.S.
• 11:28
  SPEAKER_00: economy added 178,000 new jobs, including strong gains in manufacturing and construction, while the unemployment rate fell.
• 11:35
  SPEAKER_00: Well, manufacturing instruction, what are they building?
• 11:38
  SPEAKER_00: Data centers.
• 11:39
  SPEAKER_00: When do we need them?
• 11:40
  SPEAKER_00: Yesterday.
• 11:41
  SPEAKER_00: And they're building a lot of them.
• 11:43
  SPEAKER_00: So that being the case, of course, if you're an electrician, if you're a contractor and you want to move to Austin, you got it.
• 11:51
  SPEAKER_00: There's so much business, you're not going to know what to do.
• 11:54
  SPEAKER_00: And that's probably going to carry out for at least the next five, 10 years if AI doesn't start doing it itself, which we have to see if that's actually going to be the case.
• 12:04
  SPEAKER_00: But that April Jobs report, the thing to think about, which is interesting, unemployment rate fell, it says.
• 12:11
  SPEAKER_00: And this is the U.S.
• 12:12
  SPEAKER_00: Bureau, United States Bureau of Labor Statistics, House and Ways and Means Committee, April 3rd, 2026.
• 12:20
  SPEAKER_00: So just a few days ago.
• 12:22
  SPEAKER_00: I thought, at least in the AI space, I thought AI was taking jobs and businesses are getting rid of employees because AI is replacing them.
• 12:30
  SPEAKER_00: Because whenever a business says that AI replaced 15,000 workers, that's why we're getting rid of them.
• 12:36
  SPEAKER_00: Not actually blaming COVID or maybe some overhiring issue in the past, but saying AI did it, their stock evaluations go through the roof.
• 12:45
  SPEAKER_00: Is that does that make any sense to anybody else?
• 12:48
  SPEAKER_00: I don't know.
• 12:49
  SPEAKER_00: But that's the truth.
• 12:50
  SPEAKER_00: So now we're watching, and they're saying that, well, there's nothing to see here.
• 12:55
  SPEAKER_00: There is really no job loss on this extraordinary scale because of the application of artificial intelligence and business.
• 13:03
  SPEAKER_00: And it's really not that bad.
• 13:04
  SPEAKER_00: And the United States Bureau of Labor Statistics, which, like the FDA, they would never lie.
• 13:09
  SPEAKER_00: It would never be miscalculated or untrue.
• 13:13
  SPEAKER_00: I'm sure it's all valid.
• 13:14
  SPEAKER_00: I'm not sure how those numbers stack up.
• 13:16
  SPEAKER_00: And I'm not sure where those lines are.
• 13:19
  SPEAKER_00: Where are the values coming from?
• 13:21
  SPEAKER_00: What are they looking at to get these numbers?
• 13:24
  SPEAKER_00: Are they looking at a report that really does just say this, but they're excluding a different section of class?
• 13:31
  SPEAKER_00: Maybe they're only looking at contractors, and maybe they're only looking at what's the other manufacturing and construction.
• 13:38
  SPEAKER_00: Maybe they're only looking there.
• 13:39
  SPEAKER_00: They're not looking at intellectual work, white-collar work, people sitting in an office, you know, going to the water cooler, you know, five times a day to take a sip of water just so they can try to unwind and talk to their fellow staff.
• 13:51
  SPEAKER_00: Maybe those people are the ones that they're not keeping track of.
• 13:54
  SPEAKER_00: I don't know.
• 13:55
  SPEAKER_00: Mortgage refinance applications die 40%.
• 13:58
  SPEAKER_00: Of course.
• 13:59
  SPEAKER_00: Nobody is locked in and more than likely higher than today's interest rate.
• 14:04
  SPEAKER_00: Nobody.
• 14:19
  SPEAKER_00: If rates come down to somewhat at least half a point less than where they are, more than likely, you, as a purchaser of real estate at that seven and a half or six and a half figure, if they come down to six, more than likely you're going to start getting calls and emails and everything else about you needed to refi your residence.
• 14:40
  SPEAKER_00: A few words on that.
• 14:41
  SPEAKER_00: You want to look and see how long you've been paying.
• 14:44
  SPEAKER_00: If you've only been paying a few months, then see if that refinance can be free.
• 14:48
  SPEAKER_00: Free.
• 14:49
  SPEAKER_00: You want to get all the numbers because in a way, refinancing could be of zero cost to you, but you have to make sure that it's really zero cost.
• 15:00
  SPEAKER_00: You're not going to really see anything coming out of a pocket.
• 15:03
  SPEAKER_00: It's not like you're writing a check or giving them a credit card and saying, okay, I'll pay for the refinance.
• 15:08
  SPEAKER_00: But it comes in the way that it's done.
• 15:10
  SPEAKER_00: So if you have a 6% interest rate and interest rates come down to 5.4, but the the lender that's doing the refinance says, well, I can get you 5.5.
• 15:21
  SPEAKER_00: There's a cost there from 5.4 to 5.5, and that cost, you're not like paying it out of your wallet, but you're paying it because you could have gotten 5.4.
• 15:31
  SPEAKER_00: Now I don't know if every lender's the same, but in some cases, if they can get you a little bit lower and you're happy with it, but charge you a little bit more and you're still happy with it, maybe they will.
• 15:42
  SPEAKER_00: That's why when I went to a fixed fee model, it makes more sense.
• 15:46
  SPEAKER_00: You're selling a$40 million house and you're selling a$400,000 house.
• 15:50
  SPEAKER_00: It's all$17,000.
• 15:52
  SPEAKER_00: That's it.
• 15:52
  SPEAKER_00: That's that's the cost for using me as your real estate agent.
• 15:56
  SPEAKER_00: So I put that up at 17k.com or uh sellersonlyagent.com.
• 16:04
  SPEAKER_00: You can see all that.
• 16:05
  SPEAKER_00: But that's where that comes in.
• 16:06
  SPEAKER_00: There's no variable there.
• 16:08
  SPEAKER_00: And I didn't, I I never, you know, 28 years doing this since 1998, I never really got that whole let's dial it up a little bit, let's try to get a little bit more.
• 16:16
  SPEAKER_00: I mean, if they're gonna accept 3%, why not get it?
• 16:18
  SPEAKER_00: If they're gonna accept 4%, why not get it?
• 16:20
  SPEAKER_00: Well, it's I think it should be more flat, especially with AI, all the automations.
• 16:25
  SPEAKER_00: I I have uh an AI transaction coordinator, I have everything stacked up.
• 16:29
  SPEAKER_00: It's not, it's nowhere near that point where you're writing an offer on the hood of a car or you're signing a listing agreement, you know, at some restaurant at two o'clock in the morning, and you're having to meet with people and talk with them and walk them through all the process.
• 16:42
  SPEAKER_00: You're still walking and talking people through the process, but you're doing it digitally.
• 16:47
  SPEAKER_00: You're doing it online, you're doing it on the telephone.
• 16:49
  SPEAKER_00: And a lot of the answers to questions are done in an automated way, depending on the style, depending on what your client likes.
• 16:56
  SPEAKER_00: I still meet with people that want to do it, you know, face to face and hand to hand.
• 17:00
  SPEAKER_00: Cool.
• 17:01
  SPEAKER_00: I'm with that.
• 17:02
  SPEAKER_00: I love that generation.
• 17:03
  SPEAKER_00: That's what that's my generation.
• 17:05
  SPEAKER_00: So that's where people trust.
• 17:06
  SPEAKER_00: But a lot of people, the younger folks, they just, you know, they're good with it.
• 17:10
  SPEAKER_00: Let's just they'll read everything, they'll dump it into their large language model, say, was Connor right or wrong on this?
• 17:15
  SPEAKER_00: How does this paperwork look?
• 17:17
  SPEAKER_00: What do you think?
• 17:17
  SPEAKER_00: Is there anything I should be concerned about?
• 17:19
  SPEAKER_00: And it goes through it and it pulls it.
• 17:21
  SPEAKER_00: Again, whether that's right or wrong, whether you're giving up your uh information in a public venue, because a lot of these systems, they use everything we put in it as training material.
• 17:31
  SPEAKER_00: And in fact, even if you try to go incognito within the large language model, I'll tell you just to watch out for that because that stuff is also part of the training data and can be extracted by somebody somewhere.
• 17:42
  SPEAKER_00: And if you're putting information that's proprietary or information that is secretive, you have to watch out.
• 17:49
  SPEAKER_00: I'm giving a big talk in November in front of all the brokers of the board of realtors on best safety practices and using AI and where that liability falls on real estate agents.
• 17:59
  SPEAKER_00: So I was asked by the Southland Regional Association to put together that training for November.
• 18:04
  SPEAKER_00: I'm thinking, gosh, November's an awful long time.
• 18:08
  SPEAKER_00: But, you know, that's that's that's like any big business.
• 18:11
  SPEAKER_00: I had somebody call me from a large, well-known business wanting to know the best way to uh move AI in their business and start the implementations.
• 18:20
  SPEAKER_00: So I went through just the basic stack of five.
• 18:23
  SPEAKER_00: These are the things where you guys are currently, and these are the things we can improve.
• 18:27
  SPEAKER_00: And they said, you know what?
• 18:28
  SPEAKER_00: This is great.
• 18:29
  SPEAKER_00: This looks like we're leaving so much money on the table.
• 18:32
  SPEAKER_00: We'll talk about it this October when we have our meeting.
• 18:35
  SPEAKER_00: October.
• 18:36
  SPEAKER_00: It's April.
• 18:38
  SPEAKER_00: But that's the speed of most of the businesses.
• 18:41
  SPEAKER_00: All right, so we got that mortgage refi.
• 18:43
  SPEAKER_00: Uh rising metal thefts.
• 18:44
  SPEAKER_00: This is interesting.
• 18:44
  SPEAKER_00: Los Angeles County, Santa Cruita Valley are seeing a significant rise in metal thefts, targeting everything from local construction sites to community infrastructure.
• 18:52
  SPEAKER_00: And this is the signal they came popped out with this April 8th, which was yesterday.
• 18:58
  SPEAKER_00: Law enforcement's tracking it, increasing patrols, putting the community on alert.
• 19:02
  SPEAKER_00: It's a great opportunity for SCV neighborhood watch programs, local contracts to tighten up security.
• 19:08
  SPEAKER_00: It does drive up the cost of local construction, infrastructure repairs, why delaying building projects that also directly hurts the property values if neighborhoods or commercial centers are starting to look stripped and neglected.
• 19:19
  SPEAKER_00: And of course, copper wire and metal theft usually indicate rising economic desperation and organized property crime rings.
• 19:27
  SPEAKER_00: So if it's not crushed early by law enforcement officials and the sheriffs and LAPD, it's gonna signal a broader decline in local safety and livability.
• 19:36
  SPEAKER_00: How's that for fancy?
• 19:37
  SPEAKER_00: And you know, how secure is your property or job site?
• 19:40
  SPEAKER_00: I tell people, you got to get a camera.
• 19:42
  SPEAKER_00: The price of cameras are so cheap.
• 19:44
  SPEAKER_00: And a lot of times people will avoid them.
• 19:48
  SPEAKER_00: But get a camera that's got a light that's motion activated.
• 19:51
  SPEAKER_00: I don't care if it's a ring camera or one of the other systems out there, simply safe.
• 19:54
  SPEAKER_00: Just get a camera, stick it on your front door, get one of the ones with a battery in it.
• 19:58
  SPEAKER_00: You don't have to wire it into anything, and just have it get an additional battery.
• 20:02
  SPEAKER_00: Whenever that one goes down, they'll they'll give you a notification your battery's about to croak, and you take the new one, you flip it in there, and you go charge the other one.
• 20:10
  SPEAKER_00: I mean, that's that's simple.
• 20:11
  SPEAKER_00: And it's gonna keep track, and a lot of people aren't gonna want to deal with your residence.
• 20:16
  SPEAKER_00: They would much rather go to a house that doesn't have a camera.
• 20:20
  SPEAKER_00: And all you need is an internet connection, and more than likely you already have an internet connection.
• 20:24
  SPEAKER_00: It doesn't have to be fancy, you don't have to have a wall of eyes in your house where you're monitoring every corner of your property.
• 20:30
  SPEAKER_00: Just get something big and obvious that's placed outside, right on the front of that garage or right above the garage or right above the front door, something that can see everything.
• 20:39
  SPEAKER_00: And it would be cool if you put it somewhere on your residence that you can cover that 180 degrees.
• 20:45
  SPEAKER_00: So all the way down the front of your residence and all the way out so you can see everything happening.
• 20:50
  SPEAKER_00: It's perfect if your neighbors come over and say, I don't like to be seen on your camera.
• 20:53
  SPEAKER_00: You know, that's just the way it is.
• 20:55
  SPEAKER_00: I think there's probably you probably have standing to be able to film from your property, really looking at anything because it's on your property, happens to go over.
• 21:03
  SPEAKER_00: I don't know, you might have to talk to an attorney, but at least get that covered.
• 21:07
  SPEAKER_00: I think that's super important.
• 21:09
  SPEAKER_00: Um, enterprise AI spin doubles in two months.
• 21:13
  SPEAKER_00: These numbers are ridiculous.
• 21:15
  SPEAKER_00: I know you're probably thinking, you know, who are these people?
• 21:18
  SPEAKER_00: Because they're basically controlling everything with artificial intelligence, and it's only going to continue.
• 21:23
  SPEAKER_00: And if in your brain you're thinking, you know, I don't have time for this, this is just too much for me to worry about.
• 21:28
  SPEAKER_00: I got kids, I've got to work on dinner, I've got to work on my job, I've got to do all these things.
• 21:33
  SPEAKER_00: I don't have time.
• 21:34
  SPEAKER_00: You need to take just a moment and understand that this could potentially be something that, and it's already is smarter than most of us, and it'll be better than most of us.
• 21:45
  SPEAKER_00: It replicates, it can be replicated beyond our understanding.
• 21:50
  SPEAKER_00: And when they get the robotic realm, whatever that deployment looks like, get into the physical world.
• 21:55
  SPEAKER_00: And you're already seeing it.
• 21:56
  SPEAKER_00: You know, you go to places, you'll see those little, those little food carts.
• 22:00
  SPEAKER_00: Going around.
• 22:00
  SPEAKER_00: That's an AI controlled machine that has a certain ability to navigate and go through and they make mistakes and they're funny.
• 22:08
  SPEAKER_00: But ultimately, they do a good job.
• 22:09
  SPEAKER_00: That's why businesses use them.
• 22:11
  SPEAKER_00: That's an AI type system.
• 22:13
  SPEAKER_00: That's replaced somebody that would have normally gone in the flesh, picked up that order and taken it somewhere and delivered it.
• 22:21
  SPEAKER_00: This is doing it all by itself.
• 22:22
  SPEAKER_00: Now there's cameras associated with these vehicles and all this.
• 22:26
  SPEAKER_00: So they're safe in that regard, at least somewhat.
• 22:29
  SPEAKER_00: But this is the automation process that's happening.
• 22:32
  SPEAKER_00: And it's probably going to be fast in some sectors and very slow in others.
• 22:37
  SPEAKER_00: As far as the robotic end of it, probably more slow.
• 22:40
  SPEAKER_00: As far as human replacement of labor and not physical labor.
• 22:44
  SPEAKER_00: Now, those jobs are probably going to be held on for quite a while just for the simple fact that, you know, Musk and the other people running that game, they don't have the magic wand to be able to say, here's a billion robots deployed all at the same time.
• 22:57
  SPEAKER_00: They have to build them and it takes time and they have to refine them.
• 23:00
  SPEAKER_00: But as far as replacing what we do in front of the machine, we're sitting here on the box banging in stuff all day long.
• 23:07
  SPEAKER_00: Yeah, that replacement probably, probably more sooner than later.
• 23:12
  SPEAKER_00: It's going to depend if the companies, are they really going to let their employees go to be able to have AI systems?
• 23:18
  SPEAKER_00: Or are they going to just add the AI onto the employee layer because it's basically free?
• 23:25
  SPEAKER_00: And then they could even improve your performance.
• 23:28
  SPEAKER_00: And I don't know how it would be what it would be like.
• 23:31
  SPEAKER_00: You've seen the jokes on Instagram potentially about what it's like to have an AI boss and an AI person firing you and hiring you, asking you questions, doing your evaluation report.
• 23:42
  SPEAKER_00: Yeah, this is all just it's it's exciting.
• 23:45
  SPEAKER_00: And I'm working on my happiness.
• 23:47
  SPEAKER_00: All right, so let's do this.
• 23:48
  SPEAKER_00: Uh, we got the wallet swiping dual busted in Santa Clarita, two Los Angeles women, of course, were arrested after targeting multiple shoppers across Santa Clarita Valley.
• 23:58
  SPEAKER_00: It's actually not obvious.
• 23:59
  SPEAKER_00: In a distraction, distraction-based wallet swiping retail theft spree.
• 24:04
  SPEAKER_00: So the suspects are behind bars proving that Santa Clarita remains a space, a place where criminals actually get caught.
• 24:10
  SPEAKER_00: The Santa Clita sheriffs getting results.
• 24:12
  SPEAKER_00: Now, the criminals from outside the valley continue to view Santa Clarita as a soft target for retail and property crimes.
• 24:18
  SPEAKER_00: We see this.
• 24:19
  SPEAKER_00: Shoppers are letting their guard down because they assume they're in a safe suburban bubble.
• 24:23
  SPEAKER_00: The symptom of LA County's broader soft on crime policies potentially bleeding into the suburbs, law enforcement catches them, DA refuses to actually prosecute.
• 24:32
  SPEAKER_00: And where can I get some of that DA refusing to prosecute me?
• 24:35
  SPEAKER_00: I can't ever get lucky like that.
• 24:37
  SPEAKER_00: You know, I made one mistake innocently, and that's it.
• 24:40
  SPEAKER_00: I'm on the front page of the Times.
• 24:42
  SPEAKER_00: It's amazing.
• 24:43
  SPEAKER_00: I haven't been, but you you get the gist, right?
• 24:45
  SPEAKER_00: Maybe you're like that too.
• 24:46
  SPEAKER_00: Maybe you watch these people, they just get, you've been forgiven.
• 24:50
  SPEAKER_00: Oh, well, thanks.
• 24:51
  SPEAKER_00: And I can keep the money?
• 24:52
  SPEAKER_00: Sure, no problem.
• 24:54
  SPEAKER_00: What are you?
• 24:54
  SPEAKER_00: A nonprofit?
• 24:55
  SPEAKER_00: You're good to go.
• 24:56
  SPEAKER_00: I don't know.
• 24:57
  SPEAKER_00: I yeah, I get caught.
• 24:59
  SPEAKER_00: Anyway, and we'll see what happens at the Valencia Mall next week.
• 25:02
  SPEAKER_00: So are you paying attention to your surroundings?
• 25:04
  SPEAKER_00: That's something to think about.
• 25:06
  SPEAKER_00: Um, when you're walking to your car, do you take a moment?
• 25:08
  SPEAKER_00: When you're going to leave your house and get in your car, do you take a moment?
• 25:13
  SPEAKER_00: When you're opening your garage, do you kind of stand just kind of looking, just kind of seeing what's happening out there?
• 25:20
  SPEAKER_00: I mean, is somebody waiting?
• 25:22
  SPEAKER_00: Is somebody waiting around the corner?
• 25:23
  SPEAKER_00: I know.
• 25:23
  SPEAKER_00: I know it's not that way.
• 25:25
  SPEAKER_00: I know that uh my hair's falling out.
• 25:28
  SPEAKER_00: I know it's probably not that dangerous.
• 25:31
  SPEAKER_00: So I'm not telling you to, you know, you need to be scared every moment, but just take a second.
• 25:36
  SPEAKER_00: When you're leaving the the, you know, maybe you're going to Macy's to buy some socks and you're walking out, you don't got to go all of a sudden.
• 25:43
  SPEAKER_00: You can give it a moment.
• 25:44
  SPEAKER_00: My dad used to give me 20 bucks every couple weeks for an allowance.
• 25:47
  SPEAKER_00: And I remember he would hand it to me.
• 25:49
  SPEAKER_00: He'd say, you know what, son, you don't got to spend it all today.
• 25:52
  SPEAKER_00: You can save some of it for tomorrow.
• 25:54
  SPEAKER_00: Well, that's the thing.
• 25:56
  SPEAKER_00: You don't go to go all the way outside right away.
• 25:58
  SPEAKER_00: You can hold off, you can see what's happening.
• 26:01
  SPEAKER_00: I would do this.
• 26:02
  SPEAKER_00: If you're getting something weird, if something isn't as it's supposed to be, i.e., a sticky note on the back of your car, somebody hanging something from your car when you're away, and you get there and you look at it.
• 26:14
  SPEAKER_00: Be wary.
• 26:15
  SPEAKER_00: Also, I saw it again a couple times this last week.
• 26:20
  SPEAKER_00: A woman leaving, taking their child, and you got to be careful with this.
• 26:25
  SPEAKER_00: Leaving the child in the cart, or excuse me, putting the child in the car and then loading in the groceries with the child in the car in the car seat.
• 26:35
  SPEAKER_00: You have to be careful.
• 26:36
  SPEAKER_00: Then I saw somebody start the car because of the air conditioning, put the child in there and go.
• 26:40
  SPEAKER_00: So the car's unlocked and they're loading groceries.
• 26:43
  SPEAKER_00: I mean, how easy?
• 26:45
  SPEAKER_00: Don't make it easy.
• 26:46
  SPEAKER_00: Make it a little difficult.
• 26:47
  SPEAKER_00: If the baby has to be a little bit inconvenienced, it's okay.
• 26:51
  SPEAKER_00: But I would I would hold on to that kid all the way till the bitter end.
• 26:55
  SPEAKER_00: And be careful.
• 26:56
  SPEAKER_00: Think about how you're going to be loading your car when you have a child with you and what the access point would be for a bad person.
• 27:04
  SPEAKER_00: Because they're taking kids.
• 27:06
  SPEAKER_00: It's it's remarkable to me.
• 27:09
  SPEAKER_00: I mean, it's fascinating the way human beings are horrible that way.
• 27:12
  SPEAKER_00: All right, and then we have the earthquake in Castag.
• 27:14
  SPEAKER_00: I think everybody was okay.
• 27:15
  SPEAKER_00: 2.8 magnitude earthquake stuck, Castac area Tuesday night, rattling the northern edge of Santa Clarita Valley.
• 27:22
  SPEAKER_00: It's a weak trembler, the seismic reality of living out here.
• 27:26
  SPEAKER_00: People often ask me, should they get earthquake insurance?
• 27:29
  SPEAKER_00: Personal question, totally personal.
• 27:32
  SPEAKER_00: You need to look at what that deductible is.
• 27:34
  SPEAKER_00: Are you sitting on that much money to be able to make that deductible payment?
• 27:37
  SPEAKER_00: If in fact you do have earthquake insurance, and in some cases they're doing percentages instead of flat fees.
• 27:43
  SPEAKER_00: Long time ago it was 500 bucks.
• 27:44
  SPEAKER_00: That was the deductible.
• 27:46
  SPEAKER_00: Then it was 1,000, then 5,000.
• 27:48
  SPEAKER_00: Now it's 2%.
• 27:49
  SPEAKER_00: And I saw one the other day, I guess 3.5%.
• 27:52
  SPEAKER_00: If you have that money, if you're sitting on it, you got it and you're able to make up for it, yeah, why not?
• 27:57
  SPEAKER_00: If you don't, I don't know what that looks like if you don't have the money towards deductible.
• 28:02
  SPEAKER_00: If somebody comes out and we've had a total demolishment, demolishment?
• 28:07
  SPEAKER_00: Everything's been demolished because of an earthquake.
• 28:10
  SPEAKER_00: I think we're all going to be in that same bucket.
• 28:12
  SPEAKER_00: And at that time when you do have in earthquake insurance, if it's a total loss by everybody in a particular zip code, do the insurance companies automatically cover everybody that's in place or do they pause and have to evaluate for a few years?
• 28:28
  SPEAKER_00: Don't know.
• 28:29
  SPEAKER_00: Good question.
• 28:29
  SPEAKER_00: All right.
• 28:30
  SPEAKER_00: I'm Connor Wathano.
• 28:31
  SPEAKER_00: Thank you for watching.
• 28:32
  SPEAKER_00: We will see you tomorrow.
• 28:33
  SPEAKER_00: Sorry for all the uh hair I'm working on that.
• 28:35
  SPEAKER_00: Be well.
• 28:36
  SPEAKER_00: Talk to you soon.