Holiday Shopping Tips: Shop SAFE, Shop SMART

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BBB of the Tri-Counties Podcast, Your Moment of Trust: Welcome to this week’s edition of Your Moment of Trust! The 2022 holiday shopping season promises to be an unpredictable one. High inflation rates and increased prices of consumer goods are already throwing a wrench into holiday shopping. Electronics, toys, and other products will be (or already are) in short supply, and retailers are struggling to staff up as the shopping season nears. Just like in 2021, people are planning to start their holiday shopping early. Watch out for deals well before Black Friday sales. Retailers are also expecting to see even more people shopping online. Product shortages and increased online shopping are likely to result in even more online purchase scams this year. These scams accounted for nearly 40% of all scams reported to BBB Scam Tracker in 2021, according to the 2021 BBB Scam Tracker Risk Report. Shortages are likely to make purchase scams even more common as desperate shoppers turn to shadywebsites in hopes of finding this year’s must-have gift. In this episode, BBB recommends the following tips to “Shop Safe, Shop Smart” this holiday season: A BIG thank you to Ayers Automotive Repair in Santa Barbara for Sponsoring this Podcast.

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How to Celebrate Halloween on a Budget

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A Podcast by Better Business Bureau of the Tri-Counties: Consumers are gearing up to celebrate Halloween. The National Retail Federation expects people will spend $10.6 billion, up from $10.1 billion in 2021. Among Halloween celebrants, 67 percent plan to buy candy, 51 percent plan to purchase decorations, and 47 percent will get costumes. Those numbers can seem daunting for a single day, especially when watching thefamily budget. However, there are ways to keep the fun stylish and on budget.

In this episode, Better Business Bureau recommends tips to celebrate Halloween on a Budget!

A BIG thank you to Ayers Automotive Repair in Santa Barbara, for sponsoring this podcast!

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The Importance of Pricing a Home Correctly

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The HOP (Home Ownership Podcast) Episode 116: Village Properties Realtor and host of the HOP, David Charles Allen, reviews the lates interest rates and sales stats. Thirty-year jumbo loans are at 5.75 % and thirty-year confroming loans are at 6.75 %. This week, there were very few new listings or houses coming soon. David discussed a number of topics including the importance of pricing a home correctly, contingencies, and purchasing in ‘good faith.’ Don’t miss this informative episode. You can email David at david@davidcharlesallen.com or call him at 805-617-9311.

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Insurance Problems may Arise after a Natural Disaster

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The HOP (Home Ownership Podcast) Episode 115: Village Properties Realtor, David Charles Allen, gives the latest interest rates and sales stats in Santa Barbara. Interest rates rose slightly; up to 6.75 % for 30-year conforming loans and 5.625% for 30-year jumbo loans. Regarding the latest sales stats, there were only 16 new listings in Santa Barbara with five listings coming soon. Patti and David discuss Hurricane Ian and David says that while home values usually come back within a couple of years after a natural disaster, insurance companies may raise rates or pull out of the area, causing a big problem for homeowners. For more information about Santa Barbara real estate, email David at david@davidcharlesallen.com or call 805-617-9311.

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BBB’s Online Scam Report

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This episode by BBB of the Tri-Counties reports about various scam types perpetrated online So far in 2022, scams perpetrated online are more prevalent (55%) than other delivery methods, with a higher percentage of people losing money when targeted (75%). When breaking out scams perpetrated via phone with a monetary loss, scams perpetrated via text message rose from 11% in 2015 to 30% in 2022. Scams perpetrated via text had a median dollar loss of $800 in 2022, higher than other reported means of contact. Text messaging was the most reported offline method used to push people online. “Carrots” appear to be riskier than “sticks,” according to our survey research. About 70% of respondents said they continued the online engagement because they hoped to gain something, sell something, or were curious to learn more. That’s compared to 30% who continued the engagement because they feared they’d lose something, were threatened, or thought there was an urgent situation they needed to address. The scam type with a monetary loss most often reported beginning online was online purchase scams (89%), followed by cryptocurrency scams (87%), romance scams (85%), investment scams (73%), employment scams (68%), and government grant scams (64%). The #1 place people reported being targeted by a scam was while browsing social media (25%), followed by online shopping (24%), email (14%), search engines (10%), and job search (7%).

A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring Your Moment of Trust.

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Higher Interest Rates Affecting People’s Ability to Purchase a Home

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The HOP (Home Ownership Podcast) Episode 114: Hosted by David Charles Allen, Village Properties Realtor in Santa Barbara, CA.. Interest rates for 30-year jumbo loans are at 5.375% and 30-year conforming loans are now 6.375%. David noted that these higher rates are impacting affordability, and people’s ability to purchase a home. With a limited number of homes for sale (only 29 new listings this week in Santa Barbara), ideal properties are continuing to sell quickly for the full asking price while those that are less desireable are having to drop their prices. Email David at david@davidcharlesallen.com or call 805-617-9311.

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Don’t Believe your Eyes & Ears! Deepfake Videos are on the Rise!

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A Podcast by BBB of the Tri-Counties

New technology makes it nearly impossible to tell fake video or audio clips from real ones. Now, as the software used to create these “deepfakes” becomes more widespread, scammers are using it to steal money and sensitive information.

What is a deepfake?

Deepfakes use artificial intelligence technology to create a seemingly real video or audio clip that mimics a person’s face, voice, or both. This kind of synthetic content is often used to spread misinformation by impersonating politicians and celebrities on social media. However, that’s not the only use. Scammers are currently using deepfakes of corporate executives to steal from large companies. As the technology improves and becomes easier to use, we’ll likely see scammers using deepfakes to target individuals and smallbusinesses too.

BBB recommends the following tips to protect yourself:

● Take a closer look at that video. Poor quality deepfakes are easy to identify. Look for isolated blurry spots in the video, double edges to the face, changes in video quality during the video, unnatural blinking or no blinking, and changes in the background or lighting. If you notice any of these telltale signs, you’re probably looking at a deepfake video.

● Listen closely to the audio. Fake audio might include choppy sentences, unnatural or out-of-place inflection, odd phrasing, or background sounds that don’t match the speaker’s location. These are all signs of fake audio.

● Don’t believe everything you see online. Scammers count on you to take them at their word without verifying their identity. Always use a healthy dose of skepticism when contacted by a person or company if you can’t validate who they really are. Be wary of videos featuring celebrities or politicians that are especially divisive or scandalous.

● Make sure you know who you are talking to. As deepfake technology progresses, you’ll need to confirm the identity of who you are speaking with – even if you think you know and trust them. You might not send money to a stranger who calls you out of the blue, but if scammers start using deepfakes to impersonate your loved ones, falling victim could be easier. Pay attention if a friend or family member makes an out-of- character request and confirm their identity before sending money or giving up sensitive personal information.

● Be careful what you post online. The only way a scammer can make a deepfake video of you is if they have access to a selection of photos and videos featuring your face. Stay alert to the possibility of impersonation. Make sure your family knows about deepfakes, and use caution when posting things publicly.

● Don’t make financial decisions based on viral videos. If a celebrity insists you invest in bitcoin or donate funds to a specific charity in a viral video, do some research before you send money. Scammers would love to get their hands on your money by impersonating someone you trust.

● Don’t assume an online person is the real deal. Whether you are hiring a new employee or contacting an outside vendor, don’t assume someone exists just because they have video, photos, or audio on their online profiles.

● Protect your business accounts. Use multi-factor authentication on all systems to prevent scammers from using a deepfake to hack your account and impersonate you.

● Train your employees to recognize deepfakes. Ensure your employees know what to look for, especially if they are in charge of your business’s finances or assets.

● Be cautious when sharing information digitally. Don’t give in to urgent requests. Even if someone is threatening immediate action against you or your business, take the time to verify their identity.

A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring this podcast.

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Interst Rates Rise & New Listings are Down

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The HOP (Home Ownership Podcast) Epidosde 113

Hosted by Village Properties Realtor, David Charles Allen. Interest rates continue to rise and new listings are down. Here are last week’s stats: 25 new listings, 24 price changes, 18 closed, 21 pending, 1 expired and 2 coming soon. Interest rates spiked to 5.5% for 30-year jumbo loans and 6.375 for 30-year conforming. David reports that homes that are desireable are still selling quickly, often with multiple offers. However, homes that are considered less desireable due to location or those needing work are often having to lower their prices. Please feel free to email David at david@davidcharlesallen.com or call him at 805-617-9311.

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Beware of Solar Panel Scams!

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Brought to you by BBB of the Tri-Counties:

Welcome to this week’s edition of Your Moment of Trust. If you want solar panels, be very careful when evaluating installation offers. Con artists use misleading sales tactics and outright lies to trick homeowners out of money and personal information. If you’ve received an offer for “free solar panels,” it’s likely a scam. In this episode, you’ll learn what you should watch out for. A BIG thank you to Ayers Automotive Repair in Santa Barbara for sponsoring this podcast.

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How to Find a Contractor when They’re in Short Supply

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Brought to you by BBB of the Tri-Counties: Welcome to this week’s Your Moment of Trust! Even before the pandemic, the United States had a shortage of qualified contractors. Canada also faced a similar situation. However, the COVID-19 pandemic and supply chain issues have made hiring for home remodel and repair projects even harder – and it’s likely to get worse. What’s a homeowner to do? In this episode, BBB shares tips to help you find a contractor for your home improvement project. A BIG thank you to Ayers Automotive Repair in Santa Barbara, CA for sponsoring this podcast.

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