I've been kind of talking about the

the auto loan crisis for a while and that's kind of what popped off my channel

the second time but one of the things I do is I go around I rate

auto loan portfolios so we'll look at what they're lending on what the

LTV they're doing interest and stuff like that and about two years ago

We kind of talked about that trend of you know people that shouldn't have been buying cars were buying them

Banks started seeing well we can let dealers sell cars 150,

106% LTV and they'll pay for it, so we'll just finance them and make a long story short.

I basically made a huge bet and thought that the market's going to collapse almost like

the Ninja Loans of 2008 where people are overlending, they weren't qualified, and so now we've

been working on a software to pretty much let banks know where their cars are at every time they get towed in an accident, they get service.

So if they're looking for their vehicles, they kind of know where they're at because during the pandemic about 30% of people

that have auto loans moved and so normally that's no big deal but as of right now one

out of every four auto loans that are on the road are delinquent.

So you're up for repo.

And it's only gonna get worse.

And I think the other thing that,

remember the house was a jingle for keys or cash for keys

for the houses? mark my words.

In four months, they're going to do that to cars.

Where now instead of paying $40,000 for a Dodge charger,

you can buy the exact same charger for 22,000. So I think people are going to start

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