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Condo Prices Falling, A Looming Financial Crisis & Driving Is About To Be More Expensive In California...

The Daily Ninja 5/15/24

Updates From The Economic Ninja

(5/14/2024)

  • ๐Ÿข Condo prices are not fixed during a real estate and inflation crisis, creating potential pitfalls for owners and investors.

  • ๐Ÿ’ฐ Condominium collapses can present amazing buying opportunities for investors, especially when special assessments for repairs shock homeowners.

  • ๐Ÿ“‰ Taking advantage of the hysteria in sellers can lead to significant price reductions, possibly even 10%, allowing for potential profit.

  • ๐Ÿ’ฐ 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.

  • ๐Ÿ’ธ Condo complexes are raising HOA fees to $800 or $1000 a month, causing extreme stress and leading to evictions.

  • ๐Ÿ’ฐ Condos are the first to fall in a market crash, making them a great opportunity for investment.

  • ๐Ÿ“ˆ 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)

  • ๐Ÿ“‰ The Ninja predicts a financial crisis in the next 90 days that will lead to people losing their homes, vehicles, and jobs.

  • ๐Ÿ“ˆ The producer prices rose 0.5% month over month, with the year-over-year reading rising to 2.2%, the highest since April 2023.

  • ๐Ÿ“ˆ Producer prices are rising, which means higher prices for consumers, leading to potential struggles with paying bills.

  • ๐Ÿ“ฐ Mainstream media has the power to influence public panic and perception of economic events, as seen in the 2008 recession.

  • ๐Ÿšจ 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.

  • ๐Ÿฐ The comparison of modern society to medieval serfdom and the concept of oligarchs taking away rights is thought-provoking.

(5/14/2024)

  • ๐Ÿ’ธ California consumers are facing a 50 cents per gallon increase in gas taxes, further burdening their wallets.

  • ๐Ÿคฏ 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.

  • ๐Ÿ’ฐ 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.

  • ๐Ÿ’ธ The state of California is about to rob the crap out of you at the fuel pump.

  • ๐Ÿ’ธ The proposed gas fee in California is seen as a secret tax increase that will result in financial hardship for most residents.

  • ๐Ÿš— "The astronomical taxes and the price of everything from food to gas is driving people out of California."

  • ๐ŸŒŽ The state's policies are driving people away and causing economic turmoil.

Be prepared, not scared!

-Ninja Out

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