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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)
๐ Mainstream media finally admits what I've been saying since December 2022 - real estate prices are falling.
๐ 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.
๐ The average home price has already dropped significantly, and this is just the beginning.
๐ The situation gets even worse when homeowners try to sell their homes, as prices continue to drop.
๐ก The perception of real estate professionals drives the market, influencing home prices.
๐ Home prices are falling at a rapid rate, and the landscape will change by January.
๐ Home prices are rapidly dropping, with $2 million houses now selling for 1.2-1.3 million.
(6/4/2024)
๐ Iraq took a lesson out of Putin's Playbook and it's going to be very valuable.
๐คฏ The collapse of the ruble led to countries like India lining up for the opportunity to buy discounted oil, bucking the dollar system.
๐ China and Iran secure key strategic Iraqi gas field, tightening Beijing's hold over Baghdad and potentially challenging US influence in the region.
๐ฐ Iraq is building an alliance based on their own currency, which could have major implications for global trade and investments.
๐ 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.
๐ฐ 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)
๐ California home prices are going to dive and it's already started.
๐ The average income for the Thousand Oaks Ventura County area is $887,000 with the family size adjustment.
๐ฐ 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.
๐ฐ Californians have a per Resident Debt balance of $65,740, dragging down the entire state and potentially impacting other states as well.
๐ "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."
๐ Real estate prices always project an upcoming stock market crash when economic productivity slows down.
๐ฐ The state of California is paying people to stay poor by giving lower income residents more money to just barely make it.
๐ 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