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What Are They Are Planning?
Hidden Plans, Vegas Real Estate Is Not What It Seems, A Company Stands Up For What's Right, And Something Is Up With Lumber...
The Daily Ninja 7/2/24
Updates From The Economic Ninja
(7/2/2024)
(7/1/2024)
📉 The Las Vegas real estate market is not as strong as it seems, with the median sales price of homes jumping, but it's actually a head fake.
🌆 "Las Vegas had the biggest boom in building in the runup to the 2008 housing crisis, making it a great place to study the health of the real estate market nationwide."
🏡 "Overall demand continues to outpace the supply of homes here in southern Nevada and that's driving up prices."
🏠 Government programs are making it easier for people with bad credit to get into a house, potentially leading to an increase in risky lending practices.
🏠 Identifiable marker in a housing market: when the new home sales office has a list of homes immediately ready for delivery, it's a sign that they cannot sell homes.
💰 The condo market is the first to turn over, indicating a potential dip in the overall real estate market.
💰 The housing market is propped up by second mortgages, 0% down, or low down payment mortgages.
📉 People with poor credit are tapping into a market they shouldn't be in, and inflation is not going away.
(7/1/2024)
🚫 Tractor Supply took a massive stance against the acronym DEI, which is believed to be holding us back and creating class warfare and race wars.
🚜 Tractor Supply is the largest supporter of FFA and has longstanding relationships with 4-H and other educational organizations.
🚜 Tractor Supply is eliminating diversity, equity, and inclusion roles and goals, sparking controversy and debate.
(6/30/2024)
🏡 Falling lumber prices are an excellent sign for the real estate market and for those looking to start a home project.
🏗️ Home builders are facing problems with their builds and are unable to sell homes, leading to a potential increase in desperate measures.
📉 Lumber prices have plunged 24% from their mid-March peak, indicating a deflationary trend in the real estate market.
🤔 "Panic buying and panic speculation led to high prices and then they fall off of a cliff because demand goes completely South."
🏗️ Home building season is not as strong as expected, with new building permits and home starts steadily declining this year.
📉 People's perception of economic cycles is often stuck in the current trend, leading to surprise and panic when it starts to change.
📈 The Ninja accurately predicted the collapse of lumber prices due to inflationary pressures and the decline in consumer panic buying, indicating a potential further decline in prices.
🏡 Home Depot is about to see lumber prices coming down due to oversupply, making it a good time to strike for potential home buyers and investors.
Keep Crushing It!
-Ninja Out