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“This Is Wealth Redistribution”: Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums

This article was originally published by Tyler Durden at ZeroHedge. 

EDITOR’S NOTE: Remember, the rulers have already told us we will own nothing and be happy.  They didn’t tell us that they will own everything and you’ll be charged to live and breathe their air. This is only one step toward that dystopian nightmare that we are already on the path to unless we wake up quickly. Masters own everything, slaves own nothing.

As the real estate market continues to break records, a cabal of institutional investors has been tossing gasoline on the fire – buying up properties hand-over-fist as middle-American renters watch their dreams of homeownership fade at the hands of pension funds and other financial behemoths.

“You now have permanent capital competing with a young couple trying to buy a house,” according to real estate consultant John Burns, whose firm estimates that in many of the country’s hottest markets, roughly one 20% of homes sold are bought by someone who never moves in.

“That’s going to make U.S. housing permanently more expensive,” said Burns, who thinks home prices will climb as much as 12% this year, on top of last year’s 11% rise.

“Limited housing supply, low rates, a global reach for yield, and what we’re calling the institutionalization of real-estate investors has set the stage for another speculative investor-driven home price bubble,” his firm concluded – finding Houston to be a favorite location for investors, who have accounted for 24% of home purchases in the area.

The coronavirus pandemic sparked a race for home-office space and yards. Occupancy rates reached records and rents are rising with home prices. The ecosystem of companies that service, finance and mimic the mega landlords is booming.

Burns counted more than 200 companies and investment firms in the house hunt: computer-assisted flipper Opendoor Technologies Inc., money managers including J.P. Morgan Asset Management and BlackRock Inc., platforms such as Fundrise and Roofstock that buy and arrange for the management of rentals on behalf of individuals and builder LGI Homes Inc., which now reports wholesale home sales to bulk buyers in its quarterly results. –WSJ

In one example, a bidding war broke out over a D.R. Horton complex in Conroe, Texas – after the homebuilder put the entire subdivision up for sale. After a “Who’s Who of investors and rental-home firms flocked to the December sale,” the winning bid of $32 million came from an online property-investment company, Fundraise LLC, which manages over $1 billion for around 150,000 individuals, according to the Wall Street Journal.

D.R. Horton ended up booking roughly twice what it typically makes selling houses to middle-class homebuyers according to the report.

“We certainly wouldn’t expect every single-family community we sell to sell at a 50% gross margin,” said CEO Bill Wheat at a recent investor conference.

What does this mean for the average American family? We’ll let Twitter analyst @APhilosophae take it from here in this ominous, yet soberingly accurate thread:

Click on any of the above tweets to continue reading.

The post “This Is Wealth Redistribution”: Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Big investment companies are buying houses at high prices and renting them out, squeezing would-be homeowners

Rising housing prices across the nation are putting first-time homebuyers in a bind.

While record-low interest rates make mortgage financing incredibly easy, few people can actually afford to take advantage of these loans because prices for houses are too high. Part of the problem has to do with soaring lumber costs, which is driving up the price of building. There’s also a labor shortage for builders, which means many would-be buyers fighting with each other to find pre-owned homes, which is driving up those prices.

Those that can afford to buy a house are having trouble finding one for sale before someone else buys it. Another dimension of the problem is these first-time buyers aren’t just competing amongst themselves, they’re also facing competition from large investment companies who are buying up houses to turn them into single-family rentals, blocking many Americans from becoming homeowners.

A new report from the Wall Street Journal details “the rise of big investors as a potent new force in the U.S. housing market.” The story covers the example of Fundrise LLC, an online property-investing platform that purchased 124 houses in Conroe, Texas, for $32 million, paying building firm D.R. Horton Inc. “roughly twice what it typically makes selling houses to the middle class” — illustrating how home builders stand to make more money by selling houses to investment firms instead of middle-class Americans who want to own their first home.

The report goes on to detail how “yield-chasing investors are snapping up single-family houses to rent out or flip,” contributing to the scarcity of houses for sale and driving up prices for everyone.

According to one estimate from John Burns Real Estate Consulting, as many as 1 in 5 houses sold in the nation’s top housing markets is purchased by someone who will never move in. As a result, the consulting firm expects prices to continue to rise, climbing 12% this year and at least 6% more in 2022.

“You now have permanent capital competing with a young couple trying to buy a house,” said company CEO John Burns. “That’s going to make U.S. housing permanently more expensive.”

Burns notes there are more than 200 big money companies and investment firms competing with families and first-time buyers for houses, including titans of finance J.P. Morgan Asset Management and Blackrock Inc.

Important changes are happening in the housing market because of the involvement of big money investors. The record-level home prices driven by firms paying much more than regular people can afford for these homes, or maybe even more than the homes are worth, could lead to a market bubble.

The Journal’s report compared the speculative bubble created by these investors to the housing bubble that began in 2004 and 2005 and ended with the 2008 financial crisis.

Also, many of the houses bought by these companies are not being sold to potential homeowners. Entire neighborhoods bought by Wall Street are being turned into rentals, leaving few options for those who want to own a home.

With prices rising and big companies outbidding the middle class for the few houses that are available, how are families ever going to afford to own a home?

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Buying a House in a Sellers Market – Miyagi Mornings Episode-106

If for any reason the above Odysee Video doesn’t play smoothly for you, the back up YouTube version is here. For years I have been telling people to get the hell out of the liberal cities. Last summer I amped Continue reading →

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?Investigation demanded after Black Lives Matter co-founder exposed for ‘real estate-buying binge’?

The leader of Black Lives Matter Greater New York City is calling for an investigation after a new report revealed that a co-founder of Black Lives Matter has purchased four expensive homes over the past several years.

Hawk Newsome, leader of Black Lives Matter Greater New York City, is demanding an “independent investigation” into the finances of Black Lives Matter.

“If you go around calling yourself a socialist, you have to ask how much of her own personal money is going to charitable causes,” Newsome told the New York Post. “It’s really sad because it makes people doubt the validity of the movement and overlook the fact that it’s the people that carry this movement.”

“We need black firms and black accountants to go in there and find out where the money is going,” he added.

What are the allegations?

According to the New York Post, Black Lives Matter co-founder Patrisse Khan-Cullors went on a “real estate-buying binge, snagging four high-end homes for $3.2 million in the US alone” since 2016.

Not only does she own the $1.4 million property in Topanga Canyon that was widely reported on, but she has purchased three other properties in recent years, and even reportedly considered buying property in an exclusive resort in the Bahamas where Tiger Woods and Justin Timberlake own property.

The three other properties include, according to the Post:

  • A three-bedroom home in Inglewood, California, that she purchased in 2016 for $510,000, which is now reportedly worth approximately $800,000
  • A four-bedroom home in South Los Angeles that she purchased in 2018 for $590,000, which is now reportedly worth $720,000
  • A three-bedroom property on 3.2 acres in rural Conyers, Georgia, that reportedly has its own private runway that accommodates small airplanes

The average home price in the U.S. stands at around $270,000, according to Zillow, whereas the average home price in California is $635,000.

Anything else?

Black Lives Matter has faced scrutiny over alleged transparency issues with their finances, especially considering the organization has both non-profit and for-profit arms.

From the New York Post:

Founded by Khan-Cullors and another activist, Kailee Scales, the non-profit Oakland, Calif.-based BLM Global Network Foundation was incorporated in 2017 and claims to have chapters throughout the US, UK and Canada, and a mission “to eradicate White supremacy and build power to intervene in violence inflicted on Black communities.” The group does not have a federal tax exemption and donations are filtered through ActBlue Charities and Thousand Currents, two non-profits that manage the cash.

At the same time that the Khan-Cullors incorporated the non-profit, she also set up the similarly named BLM Global Network, a for-profit which is not required to disclose how much it spends or pays its executives.

Neither Khan-Cullors nor Black Lives Matter have responded to the intensifying scrutiny around the group’s finances.

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Bill Gates is now America’s biggest farmland owner

Bill Gates is now the largest private farmland owner in the United States, according to a new report. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.

The massive land grab by Gates last year gave the tech magnate his first appearance on The Land Report, a magazine that “provides news, information, and insight into America’s land for existing and potential landowners.”

For the title of America’s biggest farmland owner, Gates beat out the Minnesota-based Offutt farming family who owns 190,000 acres. Also with 190,000 acres of farmland is Stewart and Lynda Resnick. The Resnicks, who have a combined net worth of $7.1 billion, are the owners of California-based The Wonderful Company that controls POM Wonderful, bottled water company FIJI Water, Wonderful Pistachios, and Wonderful Halos.

Gates boasts a real estate portfolio that includes landholdings in 19 states. Bill and Melinda Gates own 69,071 acres in Louisiana, 47,927 acres in Arkansas, 20,588 acres in Nebraska, 17,940 acres in Illinois, 16,963 acres in Mississippi, 16,097 acres in Washington, and 14,828 acres in Florida, according to the report.

The U.S. Department of Agriculture reported that there is a total of 897,400,000 acres in farmland in the United States in 2019.

The co-founder and former CEO of Microsoft, who has a net worth of $120 billion, reportedly purchased the enormous land resources directly and through “dozens” of third-party entities, principally via Cascade Investment LLC.

The Land Report 100 Research Team stated that Michael Larson, who “operates primarily through an entity called Cascade Investment LLC.,” has “managed the Gateses’ personal portfolio as well as the considerable holdings of the Bill & Melinda Gates Foundation” for the last 25 years.

Cascade Investment LLC., a holding and investment company headquartered in Kirkland, Washington, holds a large number of shares in prominent companies such as Berkshire Hathaway, Canadian National Railway, Coca-Cola FEMSA, Ecolab, and Waste Management.

In 2017, Cascade Investment purchased a “significant stake” in 24,800 acres of transitional land outside of Phoenix. Through Cascade, Gates invested $80 million in developing the Belmont suburb to have “80,000 homes, 3,800 acres of industrial, office and retail space, 3,400 acres of open space and 470 acres for public schools,” as reported by the Arizona Republic in 2017.

Also in 2017, the Bill and Melinda Gates Foundation pledged $300 million over three years to farmers in Africa and Asia to “support agricultural research that will help the world’s poorest farmers better adapt to increasingly challenging growing conditions brought about by climate change, including rising temperatures, extreme weather patterns (droughts and floods), diseases, poor soil fertility, and attacks from crop pests.”

Gates is far from the biggest landowner in the U.S. That title belongs to billionaire businessman and philanthropist John Malone, who topped The Land Report’s 100 largest landowners list in 2019 with 2.2 million acres of land.

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Episode-2779- The Future Belongs to Land Holders and Entrepreneurs

Historically in America who has been president or your senator, etc has meant very little in reality.   What has mattered is how well individuals have designed their lives.  The two biggest things that have enabled this for the most people Continue reading →

The post Episode-2779- The Future Belongs to Land Holders and Entrepreneurs first appeared on The Survival Podcast.

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Mass exodus from NYC is happening as New York state to lose $1.4 billion in tax revenue: report

Some extremely worrisome data has recently emerged providing a glimpse into the economic downfall of the real estate market in New York during the coronavirus pandemic.

The New York Post published a report detailing how New Yorkers are fleeing NYC in vast numbers. According to data from the United States Postal Service, more than 300,000 NYC residents have moved out of the Big Apple since the COVID-19 pandemic.

The Post found that 295,103 New Yorkers filed change of address requests from March 1 to Oct. 31. However, the total amount is well over 300,000 once you consider that a single change of address would likely include numerous multiple-person households.

From March through July, there were 244,895 change of address requests to locations outside of New York City, more than double the 101,342 during the same period in 2019.

The postal data shows residents are moving out of the city, but staying in the tri-state area. The top five destinations are: East Hampton, N.Y., (2,769), Jersey City, N.J. (1,821), Southampton, N.Y. (1,398), Hoboken, N.J. (1,204), and Sag Harbor, NY (961). There were 558 people who moved to Greenwich, C.T.

The mass exodus could be derived from a number of reasons, including fear of living in a dense city during a pandemic, stringent COVID-19 restrictions set forth by Gov. Andrew Cuomo and Mayor Bill de Blasio, a summer that saw skyrocketing shootings, and the effects of a mandatory $15 minimum wage.

The lack of real estate sales and apartment rentals have contributed to a massive drop in tax revenue. The Real Estate Board of New York released a report last week that New York City and state have collectively lost $1.4 billion in tax revenue so far this year.

“Investment sales and residential sales year-to-date totaled $34.5 billion, a 50% decline compared to the same time period in 2019, causing a 39% decline in tax revenue,” the REBNY reported.

Civil unrest and violent riots plus high coronavirus death totals have hurt the city with tourism. New York City Comptroller Scott Stringer told Market Watch in July, “In the midst of the pandemic, we are beginning to realize that our 62 million [annual] tourists will no longer be in the short term.”

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Episode-2751- A New Look at the Off Grid BOL

A bit over seven years ago we sold our Arkansas property, for many years before we moved there it was a second property and hence provided us with a vacation and bug out location property.  When we moved there I Continue reading →

The post Episode-2751- A New Look at the Off Grid BOL first appeared on The Survival Podcast.

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America’s Summer Exodus: Thousands Flee The Cities Every Day Because They Don’t Feel Safe

In modern American history, we have never seen such a sudden mass exodus away from our major cities.  Overall, the U.S. economy is a complete and total disaster in 2020, but moving companies and real estate agents that work in desirable rural and suburban areas are absolutely thriving right now.  Each weekend we are seeing long lines at U-Haul rental facilities, moving companies can’t handle all of the requests that they are getting, and property values are shifting at a pace that is difficult to believe.  Homes in our core urban areas are losing value very rapidly, and at the same time we are seeing bidding wars for some rural and suburban properties that are absolutely insane.

I certainly can’t blame anyone that wants to escape the violence.  If I was living in a major city that was being torn apart by violence, I would want to move too.

At one time we had some of the most beautiful cities in the entire world, but now the word “apocalyptic” is being used to describe them.  The following comes from an article by Victor Davis Hanson

Nine months ago, New York was a thriving, though poorly governed, metropolis. It was coasting on the more or less good governance of its prior two mayors and on its ancestral role as the global nexus of finance and capital.

The city is now something out of a postmodern apocalyptic movie, reeling from the effects of a neutron bomb. Ditto in varying degrees Minneapolis, Portland, Seattle, and San Francisco — the anti-broken-windows metropolises of America. Walking in San Francisco today reminds me of visiting Old Cairo in 1973, although the latter lacked the needles and feces of the former.

Chicago is one of the cities that has been the most affected by the violence, and the Chicago Tribune recently posted an article about the mass exodus that the city is now experiencing…

Incidents of widespread looting and soaring homicide figures in Chicago have made national news during an already tumultuous year. As a result, some say residents in affluent neighborhoods downtown, and on the North Side, no longer feel safe in the city’s epicenter and are looking to move away. Aldermen say they see their constituents leaving the city, and it’s a concern echoed by some real estate agents and the head of a sizable property management firm.

Following the horrific looting in Chicago a couple weeks ago, a Tribune reporter visited some of the wealthier parts of the city, and that reporter encountered residents that indicated that they would be leaving “as soon as we can get out”

The day after looting broke out two weeks ago, a Tribune columnist strolled through Gold Coast and Streeterville. Residents of the swanky Near North Side told him they’d be moving “as soon as we can get out.” Others expressed fear of returning downtown in the future.

Of course Chicago is far from alone.  In a previous article, I discussed the fact that the New York Times has reported that hundreds of thousands of people have already left New York City.  After losing so many residents, you would think that the mass exodus would be slowing down, but that does not appear to be happening.  In fact, we are being told that “moving trucks were out in force” on the Upper West Side on Saturday…

Moving trucks were out in force on Manhattan’s Upper West Side on Saturday — leaving Guardian Angels founder Curtis Sliwa practically tripping over them.

“The mass evacuation of Upper West Siders from NYC is in full effect,” Sliwa, who lives on W. 87th Street, lamented, blaming the city’s decision this summer to house hundreds of emotionally disturbed homeless and recovering addicts in neighborhood hotels.

And someone filmed a stunningly long line at a U-Haul rental location in New York on Saturday.  In all my years, I don’t think that I have ever seen anything like that at a U-Haul facility.

Of course all of those people need to have somewhere to go, and this is creating massive bidding wars for properties in the suburbs…

Over three days in late July, a three-bedroom house in East Orange, N.J., was listed for sale for $285,000, had 97 showings, received 24 offers and went under contract for 21 percent over that price.

On Long Island, six people made offers on a $499,000 house in Valley Stream without seeing it in person after it was shown on a Facebook Live video. In the Hudson Valley, a nearly three-acre property with a pool listed for $985,000 received four all-cash bids within a day of having 14 showings.

Isn’t that crazy?

But this is what happens when vast hordes of wealthy people are trying to relocate all at once.

On the west coast we are seeing similar things happen.  Property values in rural and suburban communities are being driven up, and meanwhile prices in core urban areas are falling very quickly.  For example, just check out what is taking place in San Francisco

San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the COVID-19 related panic drives homebuyers out of the Bay Area, reports Redfin.

A quarter (24.5%) of San Francisco-area home sellers cut their list prices during the four weeks ending Aug. 16, the highest share since at least 2015, when Redfin began recording this data. That’s more than double the rate from a year earlier, marking the largest annual increase in the share of active listings with price drops among the 50 most populous U.S. metro areas.

Some Californians are choosing to relocate within the state, but of course many others are fleeing the state entirely.

One of the places many of them are heading to is Arizona, and one recent Yahoo News article commented on the “surge in California license plates” in the state…

Driving across Arizona, it’s hard not to notice a surge in California license plates. The reason for this is becoming more apparent every day. California is a failed state.

If you currently live in an urban area and you are still thinking about relocating, I would make a decision rapidly.  Summer is almost over, economic conditions are going to continue to deteriorate, and much more civil unrest is coming.

In an interview that I just did with Greg Hunter, I explained why I am so concerned about the times that we are moving into.

And countless other Americans also seem to be deeply alarmed about the near future, because we have never seen a mass exodus of this magnitude in modern American history.

The times, they are a-changin’, and life in our country will never be quite the same again.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.com.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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BARBED WIRE: Silver $58 – CUT THE FENCE!

This article was contributed by Tom Beck with Portfolio Wealth Global. 

Silver is the WILD CARD of this post-Covid-19 recovery. Since the MARCH LOWS, it has rallied by close to 150%, yet it remains about 45% below its 2011 high and its 1980 high of $50/ounce.

That seems insignificant, but in INFLATION-ADJUSTED terms, it’s a long ways from its all-time high. Some calculations are as high as $600/ounce, but the way I do it, the PRICE TARGET is likely close to $58.

Courtesy: Zerohedge.com

Real estate is BOOMING right now – 80 million millennials WON’T RESIST the lowest mortgage rates in history, coupled with the fact that they’re hitting their 4th decade on planet Earth and banks are willing to lend 80% of the equity needed. Despite TONS OF INBOUND doubtful comments, when I predicted that real estate would continue to rise in price for the above reasons, people are still IN DISBELIEF that we’ve been so right.

I don’t think this is close to PEAKING and is the new driver of inflation for the DOMESTIC ECONOMY.

Silver can’t hit $58/ounce unless millennials seek to own homes and originate mortgages. Silver DOES NOT operate in a vacuum.

Silver’s rising price is a DIRECT RESULT of dollar weakness, which is a direct result of MONEY VELOCITY.

We already know that corporations are borrowing, but they’re not raising wages, so that’s not where the velocity WILL ORIGINATE from.

Courtesy: Zerohedge.com

Investors now FULLY UNDERSTAND how this game is played, so they’re not shorting stocks.

It’s not that EVERYONE’S BULLISH; it’s just that they’re afraid of fighting central banks.

Before this decade is over, the dollar will NO LONGER be needed as the medium of exchange for global transactions. Americans need to be aware that the DOLLAR IS IN PERIL.

Obviously, silver is critical to own, for these reasons. If most Americans can’t come up with $400 to pay for medical emergencies, they can’t possibly have enough to buy gold ounces, so silver is an IDEAL SOLUTION for most.

Courtesy: Zerohedge.com

There’s a REALLY CLEAR trend in place, but the chart shows that support around 1120 points is what we should ALL BE WATCHING.

If that one breaks down, we’re entering the TWILIGHT ZONE, but in a good way.

The way that European countries have been handling the pandemic has SPARKED OPTIMISM that the European Union is embarking on a new decade of growth, and that’s making euros in demand.

Between now and the end of the year, we’ll have further indication of the real trend in the dollar.

Clearly, with the pandemic, food habits are changing rapidly and there’s MANY OPPORTUNITIES, even groundbreaking ones, for companies who crack the code of the new consumer.

There are some stocks, currency well UNDER THE RADAR, which are growing at high double-digit pace, the likes of which I’ve never seen, so expect some UNBELIEVABLE ALERTS from us later this week, because I’ve never seen anything that is so UNIQUE in my career!

The post BARBED WIRE: Silver – CUT THE FENCE! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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As U.S. Cities Crumble, Demand For Rural And Suburban Properties Is Soaring

This article was originally published by Michael Snyder at the End of the American Dream.

This represents a major shift because prior to 2020 we had seen a tremendous boom in real estate prices in large cities such as New York, San Francisco, and Seattle.  Now a lot of those buyers have become very motivated sellers, but there just isn’t a lot of demand for tremendously overpriced homes in core urban areas that are currently being torn to pieces by rioters.

Meanwhile, prices for rural and suburban homes are being pushed up as an increasing number of Americans seek to get away from the major cities.

At first, it was the coronavirus pandemic that was the primary reason why so many people wanted to move.  According to Redfin, page views for homes in rural communities and small towns were way, way up in March as the virus began to spread aggressively in the United States…

A report from Redfin (NASDAQ: RDFN) highlights this trend, showing that by late March, the seven-day average change in page views of homes in rural and small towns was up 115% and 88%, respectively.

Of course, now the worst civil unrest in decades has been added to the equation, and this has caused even more city dwellers to consider a change in residence.  In fact, one poll found that approximately 40 percent of all city dwellers “are considering leaving”…

A recent Harris Poll found that more than 3 in 10 people in America say the pandemic makes them want to live in a rural area. And, 1 in 4 now want to live in a suburb exterior to a major city. In a separate Harris Poll, it was found that nearly 40% of city dwellers are considering leaving the city due to the pandemic.

Unfortunately, not everyone will be able to move.  In an economic environment where more than 42 million Americans have already lost their jobs, many people will be doing all that they can to cling to the jobs that they still have.

But for those with the liberty to live wherever they want, this is an opportunity to make a dramatic change.

At this point, even urban real estate markets that were once red hot like San Francisco appear to be cooling off in a major way

Amid the depths of a global pandemic and financial downturn, the demand for real estate is unexpectedly rocketing in wealthy regions outside San Francisco, reports Bloomberg. Agents say that demand is soaring in affluent areas around the Bay Area such as Napa, Marin and further afield in Carmel, as people who have the means look to get away from the city. Meanwhile, the market in San Francisco and Alameda County is still well below where it was last year.

Elsewhere, Lake Tahoe has also seen a surge in real estate interest. The prospect of living out of the city on an alpine lake while maintaining a career is appealing for a new generation of young buyers, as many tech companies have signaled that remote work may be the new norm for a long time.

During the good times, our big cities had a lot to offer.

But now, many city dwellers have become completely convinced that their communities are simply no longer safe places to live.

Just look at what is happening in Chicago.  The last day in May was “the deadliest day” that the city had seen “since at least 1961?…

The city of Chicago notched a grim milestone last weekend, as 18 people were murdered on Sunday, May 31 alone, marking the deadliest day in the city since at least 1961.

The University of Chicago Crime Lab’s numbers do not go back further than 1961, so it’s impossible to say how long it’s been — if ever — since so many people were murdered in the city one 24-hour stretch.

We have come to expect a very high level of violence in Chicago, but one local expert says that the number of murders on that particular Sunday was “beyond anything that we’ve ever seen before”

“We’ve never seen anything like it, at all,” the crime lab’s senior research director, Max Kapustin, told the newspaper. “I don’t even know how to put it into context. It’s beyond anything that we’ve ever seen before.”

Chicago’s next most violent day was Aug. 4, 1991, when 13 murders were recorded.

At one time, America’s beautiful shining cities were the envy of the entire planet.

But now thousands of retail outlets have been boarded up, homelessness is absolutely exploding, and it looks like there will be much more rioting, looting, and violence in the months ahead.

I have been writing about the plight of our major cities for many years, and even though I have been relentlessly warning that this was coming, it doesn’t make it any less sad.

I have really been feeling so sad lately.  Things didn’t have to turn out this way for America, but our choices have consequences, and we have been making really bad choices for decades.

Ultimately, I am quite glad that I was able to get away from the big cities when I did, and countless other Americans have made the exact same choice.

Now we are potentially facing a mass exodus from the major cities in the months ahead, and that will likely drive real estate prices in the most desirable small towns and rural communities through the roof.

Those that are wealthy will be able to afford such prices, but many others may find themselves completely priced out of the market and unable to relocate.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

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Commentary Crime Economic Crisis Financial home prices Housing Crash Housing Prices Intelwars preppers Real Estate Real Estate Prices Rural Properties Rural Property small towns

As U.S. Cities Crumble, Demand For Rural And Suburban Properties Is Soaring

Have the events of 2020 caused you to consider moving somewhere else?  If so, you are definitely not alone.  The COVID-19 pandemic, a historic economic downturn and extremely violent riots in major cities all across America are fueling a sudden surge in interest in rural and suburban properties.  This represents a major shift, because prior to 2020 we had seen a tremendous boom in real estate prices in large cities such as New York, San Francisco and Seattle.  Now a lot of those buyers have become very motivated sellers, but there just isn’t a lot of demand for tremendously overpriced homes in core urban areas that are currently being torn to pieces by rioters.

Meanwhile, prices for rural and suburban homes are being pushed up as an increasing number of Americans seek to get away from the major cities.

At first, it was the coronavirus pandemic that was the primary reason why so many people wanted to move.  According to Redfin, page views for homes in rural communities and small towns were way, way up in March as the virus began to spread aggressively in the United States…

A report from Redfin (NASDAQ: RDFN) highlights this trend, showing that by late March, the seven-day average change in page views of homes in rural and small towns was up 115% and 88%, respectively.

Of course now the worst civil unrest in decades has been added to the equation, and this has caused even more city dwellers to consider a change in residence.  In fact, one poll found that approximately 40 percent of all city dwellers “are considering leaving”…

A recent Harris Poll found that more than 3 in 10 people in America say the pandemic makes them want to live in a rural area. And, 1 in 4 now want to live in a suburb exterior to a major city. In a separate Harris Poll, it was found that nearly 40% of city dwellers are considering leaving the city due to the pandemic.

Unfortunately, not everyone will be able to move.  In an economic environment where more than 42 million Americans have already lost their jobs, many people will be doing all that they can to cling to the jobs that they still have.

But for those with the liberty to live wherever they want, this is an opportunity to make a dramatic change.

At this point, even urban real estate markets that were once red hot like San Francisco appear to be cooling off in a major way

Amid the depths of a global pandemic and financial downturn, the demand for real estate is unexpectedly rocketing in wealthy regions outside San Francisco, reports Bloomberg. Agents say that demand is soaring in affluent areas around the Bay Area such as Napa, Marin and further afield in Carmel, as people who have the means look to get away from the city. Meanwhile, the market in San Francisco and Alameda County is still well below where it was last year.

Elsewhere, Lake Tahoe has also seen a surge in real estate interest. The prospect of living out of the city on an alpine lake while maintaining a career is appealing for a new generation of young buyers, as many tech companies have signaled that remote work may be the new norm for a long time.

During the good times, our big cities had a lot to offer.

But now, many city dwellers have become completely convinced that their communities are simply no longer safe places to live.

Just look at what is happening in Chicago.  The last day in May was “the deadliest day” that the city had seen “since at least 1961″…

The city of Chicago notched a grim milestone last weekend, as 18 people were murdered on Sunday, May 31 alone, marking the deadliest day in the city since at least 1961.

The University of Chicago Crime Lab’s numbers do not go back further than 1961, so it’s impossible to say how long it’s been — if ever — since so many people were murdered in the city one 24-hour stretch.

We have come to expect a very high level of violence in Chicago, but one local expert says that the number of murders on that particular Sunday was “beyond anything that we’ve ever seen before”

“We’ve never seen anything like it, at all,” the crime lab’s senior research director, Max Kapustin, told the newspaper. “I don’t even know how to put it into context. It’s beyond anything that we’ve ever seen before.”

Chicago’s next most violent day was Aug. 4, 1991, when 13 murders were recorded.

At one time, America’s beautiful shining cities were the envy of the entire planet.

But now thousands of retail outlets have been boarded up, homelessness is absolutely exploding, and it looks like there will be much more rioting, looting and violence in the months ahead.

I have been writing about the plight of our major cities for many years, and even though I have been relentlessly warning that this was coming, it doesn’t make it any less sad.

I have really been feeling so sad lately.  Things didn’t have to turn out this way for America, but our choices have consequences, and we have been making really bad choices for decades.

Ultimately, I am quite glad that I was able to get away from the big cities when I did, and countless other Americans have made the exact same choice.

Now we are potentially facing a mass exodus from the major cities in the months ahead, and that will likely drive real estate prices in the most desirable small towns and rural communities through the roof.

Those that are wealthy will be able to afford such prices, but many others may find themselves completely priced out of the market and unable to relocate.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

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Buying economics Intelwars investing lifestyle deisgn negociation Podcasts Real Estate Selling

Episode-2658- House Hunting in a Buyers Market

I am gonna say it isn’t really a true buyer’s market right now, not based on the prices I see.  It is much more so than it was 18 months ago but super great deals are not everywhere, YET. Yet?  Continue reading →

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