by Michael Snyder
End of the American Dream
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.