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- Urgent Housing Update...
Urgent Housing Update...
RedFin CEO Warns America, Home Sellers Starting To Cut Prices, The Inflation Trap Is About To Begin & More...
The Daily Ninja 6/13/24
Updates From The Economic Ninja
(6/13/2024)
If you want to learn how to get and qualify for a mortgage, even with bad credit, so you can buy your first house and potentially save thousands in the process then check out my new Mortgage Master Course!
It’s on a pre-filming discount sale (Over $800 Off) until 11:59 PM Pacific Monday 6/17/2024.
(6/12/2024)
📉 The CEO of Redfin warns that the truth about the real estate market is being hidden until it is blaringly in your face, indicating a serious downturn in the economy.
🏠 The real estate cycle is on a much bigger scale and is going to pop much louder, indicating a potential housing market crash.
📉 Home prices will drop this summer as sellers can't postpone listing any longer.
📉 Over 6% of US home sellers issued a price cut in May, a large number indicating a decline in home prices.
📈 The increase in housing inventory is skyrocketing, with 50-60 days of inventory compared to the previous 4-10 days.
📉 Redfin CEO predicts a potential explosion in inventory as sellers rush to list their homes and lock in low interest rates.
📈 The supply of available homes rose to 1.6 million in April, which is up 13.7% from the same time last year, and that number is expected to double in the next four to five months.
(6/12/2024)
📈 The inflation trap set into motion almost two years ago is about to hit its crescendo in 45 days, causing a significant impact on the economy.
📉 The stock market started declining almost a year and a half before Lehman Brothers collapsed, challenging the common belief about the cause of the crash.
📉 The treasury is printing money by selling new bonds to pension funds and buying bonds from imploding banks, showing the serious problems in the bond market.
💰 The idea that you don't need to be fancy to show people the truth and be 100% right is a powerful message.
📉 The FED's deceptive tactics will lead to a greater crisis as home prices continue to fall, despite claims of economic success.
💸 The destruction of purchasing power through inflation is the Federal Reserve's goal, aiming for a 2% decrease in value each year.
💰 Wealthy individuals would rather watch their entire portfolio detonate by 50 to 60% and then invest in more rock-solid assets like gold, taking advantage of the fear and low financial IQ of the middle class and lower middle class.
📈 The Federal Reserve may manipulate interest rates close to the election to influence voters.
Daily small steps leads to big long term progress. Keep Crushing It!
-Ninja Out