The Daily Ninja 4/26/24
Updates From The Economic Ninja
(4/25/2024)
📉 Mortgage demand is dropping as mortgage rates rise, indicating a potential slowdown in the housing market.
📉 Mortgage demand drops as interest rates soar over 7%.
📉 "Anyone buying a house right now has no concept of where the Market's going, they are moving in fear."
🏠 Understanding real estate cycles can save tens of thousands of dollars and put money in your pocket.
📉 Purchase applications declined as home buyers delayed their purchase decisions due to strained affordability and low Supply.
🏠 The fear of missing out (FOMO) is driving people to buy real estate, creating an opportunity for those already in the market and those looking to invest.
(4/25/2024)
📉 There is a misconception that there aren't enough houses, but the reality is different and can be debunked with data.
💰 The housing market is close to the same numbers as the 2007 crash and is expected to get much worse from here.
📈 The price of the cheapest homes keeps increasing, while the median and highest home prices are going down, which could change everything we think about the housing market.
🏠 The Ninja started selling their real estate portfolio in 2005, suggesting they may have anticipated the market downturn.
📈 Home prices rising along with interest rates and fuel prices skyrocketing across the country could indicate a potential real estate crisis on the horizon.
🏠 Existing home sales data peaked in 2006 and then fell off a cliff, showing a massive collapse in the market.
📉 Sales are lower just like in November 2008, so the question is are you getting ready for this collapse?
(4/25/2024)
💰 Everything is falling in value to the US dollar, which is a strong teaching point in economics during stock market crashes.
🧠 Most people don't understand how crashes happen, they happen little by little and then all at once when it hits the media at a certain pitch and frequency.
📉 The real estate market is showing signs of a significant downturn, with homes nationally down between 8 and 10% in price.
🏭 The government's ambitious plans to bring manufacturing back from countries like Taiwan due to the fear of China's invasion could have significant economic and geopolitical implications.
💸 The Federal Reserve's goal of devaluing currency by 2% a year is slowly robbing and destroying people through the absence of purchasing power.
🌐 The first wave of a war is economic, and right now we are in a class war.
📉 We are in the greatest collapse since the crash of 29, and the economy is being propped up by this massive money printing.
💰 The first wave is a financial war and we're in it, so what side do you want to be on - the side that's making money or the side that's poor?
(4/25/2024)
📉 The media has changed its stance on interest rate hikes, suggesting that higher rates may not be so bad after all.
📈 "When rates start climbing higher, there has to be an adjustment."
📉 The impact of increasing debt costs on company profitability is a major concern in the current market.
📈 "There's some people in the know that understand when rates go higher things crash bigger and we want big crash Mondo crash."
💥 The rate lowering cycle will happen when everything goes bust and most of the country can't afford to take out a loan.
💰 Corporate officers will provide key details on the impact that interest rates are having on profit margins and consumer behavior.
📉 The Federal Reserve's actions will do nothing to mortgage rates or borrowing costs, as the 10-year is going to keep running up.
Rates will lower… but not yet. Get educated and stay updated on what is going on so you can take action.
-Ninja Out



