The Daily Ninja 5/15/24
Updates From The Economic Ninja
(5/14/2024)
🏢 Condo prices are not fixed during a real estate and inflation crisis, creating potential pitfalls for owners and investors.
💰 Condominium collapses can present amazing buying opportunities for investors, especially when special assessments for repairs shock homeowners.
📉 Taking advantage of the hysteria in sellers can lead to significant price reductions, possibly even 10%, allowing for potential profit.
💰 Wealthy elites and regular condo owners alike are facing the crisis of insurance cancellations and exponential rate increases, creating a significant impact on their financial stability.
💸 Condo complexes are raising HOA fees to $800 or $1000 a month, causing extreme stress and leading to evictions.
💰 Condos are the first to fall in a market crash, making them a great opportunity for investment.
📈 Opening up a free live AMA to answer real estate questions and solve problems for everyone is a great way to share knowledge and help others in the industry.
(5/14/2024)
📉 The Ninja predicts a financial crisis in the next 90 days that will lead to people losing their homes, vehicles, and jobs.
📈 The producer prices rose 0.5% month over month, with the year-over-year reading rising to 2.2%, the highest since April 2023.
📈 Producer prices are rising, which means higher prices for consumers, leading to potential struggles with paying bills.
📰 Mainstream media has the power to influence public panic and perception of economic events, as seen in the 2008 recession.
🚨 The Federal Reserve is likely to put out dangerous propaganda and lower the FED funds rate before the election, causing a dip in the bond market.
🏰 The comparison of modern society to medieval serfdom and the concept of oligarchs taking away rights is thought-provoking.
(5/14/2024)
💸 California consumers are facing a 50 cents per gallon increase in gas taxes, further burdening their wallets.
🤯 Newsome's contradictory actions, such as promoting electric cars while the state lacks enough electricity to charge them, raise concerns about the feasibility of the plan.
💰 The projected increase in gasoline prices could go up an average of 47 cents per gallon by next year, with similar annual increases thereafter on average.
💸 The state of California is about to rob the crap out of you at the fuel pump.
💸 The proposed gas fee in California is seen as a secret tax increase that will result in financial hardship for most residents.
🚗 "The astronomical taxes and the price of everything from food to gas is driving people out of California."
🌎 The state's policies are driving people away and causing economic turmoil.
Be prepared, not scared!
-Ninja Out



