Does This Financial Guru Really Know...

Does This Financial Guru Really Know What He Is Talking About?

Economic Ninja
March 28, 2024

(3/27/2024)

🏠 The statement that there is less inventory of homes for sale versus the number of buyers today than there has been in 25 years contradicts the idea that homes never crash in value.
📉 Dave Ramsey's claim that there are zero chances of home prices going down has been proven wrong by the data from the Federal Reserve.
📈 Multiple buyers are more likely to be seen in the $400,000 to $500,000 range, as there are fewer cheaper homes available in the market.
📈 Low inventory has driven the median home price up to an all-time high, proving the predictions wrong.
📈 Demand has exceeded supply and prices are going up quickly in the real estate market.
💰 "Don't worry, you can always refinance" - a dangerous mindset that led to the housing crisis in the mid-2000s.
🤯 "You can look up this particular YouTube five years from now and you're going to go yeah that old fart was right again."
💰 Real estate, like all economic cycles, has specific reasons for money flowing in and out of an asset class, which is where investors make their money.

(3/27/2024)

📉 Home prices are crashing pretty rapidly right now, and the indicators are lining up with what happened in 2005 leading up to the great financial crisis.
📈 The average home sales price in America peaked before the Great Recession and is now falling as well.
📈 The real estate market is heating back up, with homes selling faster and multiple offers in big markets like Nashville.
📉 Home prices during the Great Recession went down much more mellow than what we're seeing right now.
🏦 The FED only lowers rates when things are really bad, and they started trickling down before the official recession was announced, indicating a potential economic downturn.
🏠 The correlation between the 2005 housing crisis and the current increase in existing homes sold suggests a potential crash in home prices.
🏠 Prepare for the next housing downturn and capitalize on the opportunity to make money when things are going down.
📉 It's time to buy now and it's going to be when everything's falling.

(3/27/2024)

📉 Median and average home prices are falling rapidly on a percentage basis, contradicting claims of being at an all-time high.
📉 The median price of new homes in the US is the lowest in more than 2 and a half years, despite the underlying trend remaining strong.
💰 "The ultimate deal in real estate is Price. Right Price always dictates a sale."
📰 "It fell 1% and in that story we'd already seen the median and average price homes falling way more than 1% year."
📉 Home prices are falling at an alarming rate, with some locations experiencing a decrease of 30% or more.
📉 Dave Ramsey's claim that homes didn't really fall in 2008 contradicts Federal Reserve data showing national sales prices dropping across the country.
📉 The housing crash is coming, and you can take actionable steps to prepare and crush it.
📉 Home prices are falling, keep an eye out for that Dave Ramsey video.

(3/27/2024)

(3/27/2024)

🤯 Dave Ramsey's stance on gold and real estate is controversial and has financial implications for his followers.
📈 Gold climbs as investors look ahead to key US inflation data, indicating a shift in investment focus.
📈 The government's inflation numbers are being questioned, leading to uncertainty about the Federal Reserve's policy path.
📈 They make it look like everything's good for just a little bit, then spike rates again after the election.
🏡 Real estate prices are falling, indicating a shift in the market dynamics.
💰 Real estate prices are dropping like a rock, with the median and average price of homes dropping for about a year and a half.
🏡 Making more money during a downturn than when everyone's making money going up.

That’s all the updates for today. Stay prepared out there and keep doing the things necessary to take action when the time is right for you.

-Ninja Out