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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)
๐ข Condo prices are not fixed during a real estate and inflation crisis, creating potential pitfalls for owners and investors.
๐ฐ Condominium collapses can present amazing buying opportunities for investors, especially when special assessments for repairs shock homeowners.
๐ Taking advantage of the hysteria in sellers can lead to significant price reductions, possibly even 10%, allowing for potential profit.
๐ฐ 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.
๐ธ Condo complexes are raising HOA fees to $800 or $1000 a month, causing extreme stress and leading to evictions.
๐ฐ Condos are the first to fall in a market crash, making them a great opportunity for investment.
๐ 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)
๐ The Ninja predicts a financial crisis in the next 90 days that will lead to people losing their homes, vehicles, and jobs.
๐ The producer prices rose 0.5% month over month, with the year-over-year reading rising to 2.2%, the highest since April 2023.
๐ Producer prices are rising, which means higher prices for consumers, leading to potential struggles with paying bills.
๐ฐ Mainstream media has the power to influence public panic and perception of economic events, as seen in the 2008 recession.
๐จ 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.
๐ฐ The comparison of modern society to medieval serfdom and the concept of oligarchs taking away rights is thought-provoking.
(5/14/2024)
๐ธ California consumers are facing a 50 cents per gallon increase in gas taxes, further burdening their wallets.
๐คฏ 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.
๐ฐ 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.
๐ธ The state of California is about to rob the crap out of you at the fuel pump.
๐ธ The proposed gas fee in California is seen as a secret tax increase that will result in financial hardship for most residents.
๐ "The astronomical taxes and the price of everything from food to gas is driving people out of California."
๐ The state's policies are driving people away and causing economic turmoil.
Be prepared, not scared!
-Ninja Out