All over America, we are witnessing crazy bidding wars for the limited number of homes that are on the market. In many areas, the moment a desirable home goes on the market potential buyers start making offers that are tens of thousands of dollars above asking price. Not even in the days before the housing bubble burst in 2008 did we see anything like this. As I have discussed in previous articles, in some cases more than 100 offers are coming in for a single home. It is actually an understatement to call what we are watching a “frenzy”, and there are no signs that it is going to cool down any time soon. (Read More...)
Home Prices
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. (Read More...)
25 Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You To Know
The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face. Take the U.S. economy for example. Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving. So that is what he is telling the American people. The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery. A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that the economy is getting better so they are buying the propaganda that the mainstream media is feeding them. But is the U.S. economy really improving? The truth is that it is not. The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president. Home ownership levels and home prices continue to decline. Meanwhile, food and gasoline continue to become even more expensive. The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama. We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II. (Read More...)
16 Reasons To Move Away From California
Once upon a time, millions upon millions of young people dreamed of moving to California. Nearly endless sunshine, pristine beaches and a booming economy made it seem like paradise to many. But now those days are long gone. Unemployment is rampant, home prices have fallen like a rock, violent crime and gang activity are on the rise, local governments all over California are facing horrible financial problems, millions of illegal immigrants have poured into the state, traffic around the big cities is nightmarish and tax rates are absolutely outrageous. Plus there is the constant threat that your home could be destroyed by an earthquake, a wildfire or a mudslide. In recent years, hordes of hard working families have decided that they have had enough and have decided to move away from California. In fact, since the year 2000 more than 1.6 million people have moved away from the state of California. (Read More...)
Workers Comp For Babysitters And 20 Other Reasons Why California Is Stupid
Is there any other state that is as stupid as California? Unemployment in California has been sitting at about 12 percent for an extended period of time, and yet they continue to push businesses out of the state by imposing thousands of ridiculous regulations on them and by taxing them into oblivion. Now California is even requiring workers comp for babysitters and paid vacation for nannies. How insane is that? The state government in Sacramento is flat broke and drowning in debt and yet they continue to spend gobs of money on some of the most frivolous things imaginable. Poverty and crime are everywhere, yet California continues to pass legislation that encourages even more illegal immigrants to come in. Unless you have a really, really good reason to stay in the state, it seems rather stupid to stay in California at this point. The economy is in shambles, home prices continue to fall, traffic is worse than ever, crime is rising and poverty is everywhere. Meanwhile, entire portions of the state could be leveled by the next big earthquake at any time. So why in the world would anyone still want to live in California? (Read More...)