Media Admits Home Prices Are Falling!

The Daily Ninja 6/5/24

Updates From The Economic Ninja

(6/4/2024)

  • πŸ“‰ Mainstream media finally admits what I've been saying since December 2022 - real estate prices are falling.

  • πŸ“‰ 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.

  • πŸ“‰ The average home price has already dropped significantly, and this is just the beginning.

  • 🏠 The situation gets even worse when homeowners try to sell their homes, as prices continue to drop.

  • 🏑 The perception of real estate professionals drives the market, influencing home prices.

  • πŸ“‰ Home prices are falling at a rapid rate, and the landscape will change by January.

  • πŸ“‰ Home prices are rapidly dropping, with $2 million houses now selling for 1.2-1.3 million.

(6/4/2024)

  • πŸ“ˆ Iraq took a lesson out of Putin's Playbook and it's going to be very valuable.

  • 🀯 The collapse of the ruble led to countries like India lining up for the opportunity to buy discounted oil, bucking the dollar system.

  • 🌍 China and Iran secure key strategic Iraqi gas field, tightening Beijing's hold over Baghdad and potentially challenging US influence in the region.

  • πŸ’° Iraq is building an alliance based on their own currency, which could have major implications for global trade and investments.

  • 🌍 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.

  • πŸ’° 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)

  • πŸ“‰ California home prices are going to dive and it's already started.

  • πŸ“‰ The average income for the Thousand Oaks Ventura County area is $887,000 with the family size adjustment.

  • πŸ’° 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.

  • πŸ’° Californians have a per Resident Debt balance of $65,740, dragging down the entire state and potentially impacting other states as well.

  • 🏠 "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."

  • πŸ“‰ Real estate prices always project an upcoming stock market crash when economic productivity slows down.

  • πŸ’° The state of California is paying people to stay poor by giving lower income residents more money to just barely make it.

  • πŸ“‰ 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

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