The Wildest Home Buying Binge In U.S. History Has Pushed Home Prices To Hyperinflationary Levels

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...)

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. (Read More...)

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...)

Demand For “Prepper Properties” Is Soaring As More People Seek Refuge From The Nightmare That Is Coming To America

In 2017 and 2018, most Americans were generally feeling pretty good about the future, and interest in “prepping” plummeted nationwide.  But now things have changed.  All of a sudden, demand for “prepper properties” is absolutely soaring, and this is driving up the prices of rural homes all over the nation.  In fact, in some of the hottest areas working class families have already been completely priced out of the market.  Meanwhile, luxury home prices in the heart of New York City have fallen to the lowest level in six years.  Many are deeply concerned about the upcoming election, and many others are alarmed by all the other crazy stuff happening all over the world, but whatever the motivation it is undeniable that an increasing number of Americans are seeking to flee the major cities right now.   There seems to be a growing consensus that our society is rapidly steamrolling toward a nightmare, and a lot of people are purchasing “prepper properties” while they still can. (Read More...)

The Next U.S. Housing Crisis Has Arrived: Existing Home Sales Post Their Biggest Decline In 4 Years

Things just continue to get even worse for the U.S. housing industry.  New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest decline since 2014.  For years, we had been witnessing a real estate boom in the United States, but now that has officially ended.  It is starting to feel like 2008 all over again, and many of those that work in the industry are really starting to freak out.  The Federal Reserve has been aggressively raising interest rates, and it is having the exact same effect on the housing industry that it did just before the last recession. (Read More...)

The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

American Flag - Chinese FlagHas the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory? (Read More...)

Why Are The Chinese Gobbling Up Real Estate And Businesses In Detroit?

Detroit Michigan at Milwaukee Junction looking southwest at Russell Industrial Complex - Photo by no body atollSomething very strange is happening to Detroit.  Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States.  But now the city is dying and the Chinese are moving in to pick up the pieces.  Lured by news stories that proclaim that you can buy homes in Detroit for as little as one dollar, Chinese investors are eagerly gobbling up properties.  In some cases, this is happening dozens of properties at a time.  Not only that, according to the New York Times “dozes of companies from China” are investing in businesses and establishing a presence in the Detroit area.  If this continues, will Detroit eventually become a city that is heavily dominated by China? (Read More...)

End Of The American Dream