Is Now The Time To Buy A Condo?

Spotlight Is On Jerome Powell, Condo Prices Plunge, 800 Thousand Jobs Vanish, AMA Recap and more...

The Daily Ninja 8/22/24

Updates From The Economic Ninja

(8/22/2024)

(8/21/2024)

  • πŸ™οΈ California condo prices in San Francisco are now worth less than they were a decade ago, marking a shocking decline.

  • πŸ“‰ "Austin is now down 30% off of its highs, highlighting a crisis worse than certain places during the Great Recession."

  • 🏒 A one-bedroom condo in downtown San Francisco sold for $680,000, down from $825,000 in 2015, highlighting a significant loss in value.

  • πŸ’° If I had bought that duplex in San Francisco, I would have tripled my money in just four years.

  • πŸ’° "I was able to crush it as the stock market came down, and I saw real estate prices diving down too β€” this is an amazing opportunity."

  • πŸ“‰ "The same amount of homes were sold as all of the year of 2008, when we were in the thick of it."

  • πŸ’° "If you use this not only you're going to save or make 10x what you paid for the course."

(8/21/2024)

  • πŸš— "So many people are sitting in the back seat of life and not jumping up to the driver's seat."

  • πŸ“° The use of "inaccurate Rush data" is criticized as a tactic to make the economy seem stronger for propaganda purposes.

  • 🏰 "The DNC is protected by a wall and thousands of police officers that they are working hard to defund."

  • πŸ’° The FED's strategy seems to involve keeping people in debt and unemployed to justify printing more money and buying up assets.

  • πŸ“‰ The BLS revealed a staggering loss of 818,000 jobs, primarily in high-paying sectors like Professional Services and Manufacturing.

  • πŸ“‰ "If you're not preparing for an economic collapse like I'm talking Great Depression style, I don't know what to tell you."

  • πŸ€– "We're living in a world where even the size of political crowds is being faked using AI, making it hard to trust what we see."

(8/21/2024)

Economic Trends and Market Predictions

  • 🏦 "There will be banks that have to do bail-ins, and it will be a percentage of everyone's account, just like what happened in Cyprus."

  • ⏳ The debt clock reveals the alarming speed at which the dollar is losing value against various currencies and commodities.

  • πŸ“ˆ Investing in Bitcoin has proven to be more lucrative than the Iraqi dinar, highlighting the importance of diversifying asset classes.

  • πŸ’° A proposed capital gains tax increase to 48% could lead to a collapse of the stock market as buyers withdraw.

  • πŸ“‰ "Warren Buffett is selling his stocks little by little because he knows there's so much more value in buying something at rock bottom prices when everything's depressed."

  • πŸ“‰ "They are legally lying to you right now about retail sales numbers."

  • πŸ“Š Pros are predicting a 70 to 80% correction in the stock market, a forecast I completely agree with.

  • 🏦 The US may revalue gold to create an illusion of currency worth, despite potentially hiding the true amount of gold it possesses.

Personal Finance Strategies and Mindsets

  • πŸš€ Starting a small side hustle can be a crucial safety net during economic downturns, as it helped me survive the Great Recession.

  • πŸ›‘ The idea of waiting for a 'white knight' to pay off debts promotes a dangerous mindset of inaction with finances.

  • πŸ“‰ "The voice of the middle class is loud when it's wealthy and quiet when it's poor, and the government knows how to keep you down."

  • 🌱 A wise person considers the financial legacy they leave for generations beyond their own offspring.

Cryptocurrency Insights and Regulatory Challenges

  • πŸ’° "I think XRP will be the answer for banks to move money and that's exactly why the SEC went after them."

  • πŸ“‰ "Bitcoin is the leader on the leaderboard for cryptos, and its movement dictates the direction of the entire market."

Go out and crush it!

-Ninja Out

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

Want LIFETIME Access To All Of Ninja’s Real Estate Courses Including Every New Real Estate Course?

Sale Ends At 8PM Pacific Time Monday 8/26.

Follow Me On My Other Channels

@economyninja

@economic_ninja