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- Media Admits Home Prices Are Falling!
Media Admits Home Prices Are Falling!
The Daily Ninja 6/5/24
Updates From The Economic Ninja
(6/4/2024)
π Mainstream media finally admits what I've been saying since December 2022 - real estate prices are falling.
π Home prices are falling at the fastest pace in over a year, with 6.4% of sellers issuing price cuts in the month leading up to May 26.
π The average home price has already dropped significantly, and this is just the beginning.
π The situation gets even worse when homeowners try to sell their homes, as prices continue to drop.
π‘ The perception of real estate professionals drives the market, influencing home prices.
π Home prices are falling at a rapid rate, and the landscape will change by January.
π Home prices are rapidly dropping, with $2 million houses now selling for 1.2-1.3 million.
(6/4/2024)
π Iraq took a lesson out of Putin's Playbook and it's going to be very valuable.
π€― The collapse of the ruble led to countries like India lining up for the opportunity to buy discounted oil, bucking the dollar system.
π China and Iran secure key strategic Iraqi gas field, tightening Beijing's hold over Baghdad and potentially challenging US influence in the region.
π° Iraq is building an alliance based on their own currency, which could have major implications for global trade and investments.
π The geographical and geopolitical importance of the mishala field in Iraq is far greater than its gas reserves, with ties to China, Russia, and ultimately the BRICS.
π° The introduction of new countries to the Iraqi Dinar is expected to cause fear in Wall Street's eyes and make the Dinar more powerful.
(6/4/2024)
π California home prices are going to dive and it's already started.
π The average income for the Thousand Oaks Ventura County area is $887,000 with the family size adjustment.
π° California's status as the largest economy in the country and one of the largest on Earth may not be enough to prevent a potential collapse in real estate prices.
π° Californians have a per Resident Debt balance of $65,740, dragging down the entire state and potentially impacting other states as well.
π "I can tell you that real estate's going to crash because of this is happening, this is happening, this is happening, and then when those three things happen, crash."
π Real estate prices always project an upcoming stock market crash when economic productivity slows down.
π° The state of California is paying people to stay poor by giving lower income residents more money to just barely make it.
π Second mortgages are going to do a slight burst of inflation, get ready your mouth will drop.
Go out there and crush it!
-Ninja Out