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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)
π 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.
π "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."
π‘ "Overall demand continues to outpace the supply of homes here in southern Nevada and that's driving up prices."
π 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.
π 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.
π° The condo market is the first to turn over, indicating a potential dip in the overall real estate market.
π° The housing market is propped up by second mortgages, 0% down, or low down payment mortgages.
π People with poor credit are tapping into a market they shouldn't be in, and inflation is not going away.
(7/1/2024)
π« 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.
π Tractor Supply is the largest supporter of FFA and has longstanding relationships with 4-H and other educational organizations.
π Tractor Supply is eliminating diversity, equity, and inclusion roles and goals, sparking controversy and debate.
(6/30/2024)
π‘ Falling lumber prices are an excellent sign for the real estate market and for those looking to start a home project.
ποΈ Home builders are facing problems with their builds and are unable to sell homes, leading to a potential increase in desperate measures.
π Lumber prices have plunged 24% from their mid-March peak, indicating a deflationary trend in the real estate market.
π€ "Panic buying and panic speculation led to high prices and then they fall off of a cliff because demand goes completely South."
ποΈ Home building season is not as strong as expected, with new building permits and home starts steadily declining this year.
π People's perception of economic cycles is often stuck in the current trend, leading to surprise and panic when it starts to change.
π 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.
π‘ 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