Home Prices Facing Nightmare Scenario As The Mass Exodus From Cities Takes Its Toll On Real Estate
- Silver Report Uncut
THAT ESCALATED QUICKLY! Fortunes will be made and Fortunes lost in the wake of the mass exodus From major US cities. Home prices are facing serious headwinds as the mass exodus from cities is beginning to show up in the data and several of the nations top housing markets are facing home price drops on nearly 1/4 of their active listings. This type of behavior may just intensify as more and more people rush to escape the cities there may be a vacuum that leads to heavy discounting by real estate agents and landlords. San Francisco is one of the most precarious housing markets as the city is being redesigned by the great mass exodus of 2020. This may be a new phenomenon for SF but this has been being experienced by cities in the NE for over a decade and the urban decay in cities like Detroit or Cleveland can really be linked to the exodus or many high paying auto jobs in those areas.
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This time people are leaving because of other concerns but the movement is far greater and more geographically diverse. In the US we have be funneled into these economic zones since the great recession and many main streets in America have been hollowed out as most of the population left for the big city in search of work. To suddenly shock the system by changing the entire way our nation lives could have many unexpected side effects.
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