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)

(7/2/2024)

(7/1/2024)

  • πŸ“‰ 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.

  • πŸŒ† "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.

  • πŸ’° The condo market is the first to turn over, indicating a potential dip in the overall real estate market.

  • πŸ’° The housing market is propped up by second mortgages, 0% down, or low down payment mortgages.

  • πŸ“‰ 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.

  • πŸ—οΈ Home builders are facing problems with their builds and are unable to sell homes, leading to a potential increase in desperate measures.

  • πŸ“‰ Lumber prices have plunged 24% from their mid-March peak, indicating a deflationary trend in the real estate market.

  • πŸ€” "Panic buying and panic speculation led to high prices and then they fall off of a cliff because demand goes completely South."

  • πŸ—οΈ Home building season is not as strong as expected, with new building permits and home starts steadily declining this year.

  • πŸ“‰ People's perception of economic cycles is often stuck in the current trend, leading to surprise and panic when it starts to change.

  • πŸ“ˆ 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

If You Want Help Getting Out Of Debt, Refinancing & Buying A House… Check Out The Courses Below…

Follow Me On My Other Channels

@economyninja

@economic_ninja