Home prices have been rising aggressively all over the nation this year, and this has caused a tremendous amount of frustration among ordinary Americans that are looking for something to buy. As I have detailed in previous articles, we have often seen ferocious bidding wars break out for the most desirable properties, and many homes end up selling for way over asking price. Unfortunately, many potential home buyers don’t even realize that they may be competing with investment funds, billionaires and wealth foreigners. Gobbling up homes is now considered to be a way to make huge returns very rapidly. Once homes are purchased, they are either flipped quickly for a large profit or they are rented out at very aggressive rates. Meanwhile, it is becoming a lot more difficult for ordinary Americans to find affordable places to live. (Read More...)
Houses
Is Now The Time To Move Away From Major U.S. Cities?
As the U.S. economy falls apart and as the world becomes increasingly unstable, more Americans than ever are becoming “preppers”. It is estimated that there are at least two million preppers in the United States today, but nobody really knows. The truth is that it is hard to take a poll because a lot of preppers simply do not talk about their preparations. Your neighbor could be storing up food in the garage or in an extra bedroom and you might never even know it. An increasing number of Americans are convinced that we are on the verge of some really bad things happening. But will just storing up some extra food and supplies be enough? What is going to happen if we see widespread rioting in major U.S. cities like George Soros is predicting? What is going to happen if the economy totally falls to pieces and our city centers descend into anarchy like we saw in New Orleans during the aftermath of Hurricane Katrina? In some major U.S. cities such as Detroit, looting is already rampant. There are some sections of Detroit where entire blocks of houses are being slowly dismantled by thieves and stripped of anything valuable. Sadly, the economy is going to get a lot worse than it is at the moment. So is now the time to move away from major U.S. cities? Should preppers be seeking safer locations for themselves and their families? Those are legitimate questions. (Read More...)