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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)
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(6/12/2024)
๐ 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.
๐ The real estate cycle is on a much bigger scale and is going to pop much louder, indicating a potential housing market crash.
๐ Home prices will drop this summer as sellers can't postpone listing any longer.
๐ Over 6% of US home sellers issued a price cut in May, a large number indicating a decline in home prices.
๐ The increase in housing inventory is skyrocketing, with 50-60 days of inventory compared to the previous 4-10 days.
๐ Redfin CEO predicts a potential explosion in inventory as sellers rush to list their homes and lock in low interest rates.
๐ 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)
๐ 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.
๐ 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.
๐ 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.
๐ฐ The idea that you don't need to be fancy to show people the truth and be 100% right is a powerful message.
๐ The FED's deceptive tactics will lead to a greater crisis as home prices continue to fall, despite claims of economic success.
๐ธ The destruction of purchasing power through inflation is the Federal Reserve's goal, aiming for a 2% decrease in value each year.
๐ฐ 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.
๐ 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


