What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.  We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

Typically, Americans spend approximately 10 percent of their disposable personal incomes on food.  The following comes directly from the USDA website

In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 17.0 to 10.1 percent, driven by a declining share of income spent on food at home.

Needless to say, the poorest Americans spend more of their incomes on food than the richest Americans.

According to the USDA, the poorest households spent an average of 36 percent of their disposable personal incomes on food in 2019…

As their incomes rise, households spend more money on food, but it represents a smaller overall budget share. In 2019, households in the lowest income quintile spent an average of $4,400 on food (representing 36.0 percent of income), while households in the highest income quintile spent an average of $13,987 on food (representing 8.0 percent of income).

Needless to say, the final numbers for 2020 will be quite a bit higher, and many believe that eventually the percentage of disposable personal income that the average U.S. household spends on food will reach 40 percent.

That would mean that many poor households would end up spending well over 50 percent of their personal disposable incomes just on food.

At one time that would have been unimaginable, but now everything is changing.  As I noted above, the price of corn his increased 142 percent since this time last year…

Corn prices have jumped roughly 142% over the past year to $7.56 per bushel, the highest price seen in eight years for the crop.

A drought in Brazil and increased demand in China have put pressure on global suppliers.

In other areas we are seeing more moderate inflation, but overall we just witnessed the largest increase in food inflation “in almost nine years”

The average prices in March of 2021 for pork chops and chicken breasts are both up more than 10% compared to March of 2020. Eggs and cheddar cheese are both up 6%.

Looking at all consumer goods as a whole, the latest inflation data in the Consumer Price Index from the U.S. Bureau of Labor Statistics shows the largest month-to-month increase in almost nine years.

Meanwhile, the price of lumber just continues to shoot even higher.

In New Jersey, one man says that the total cost of lumber used in building his new home will reach $70,000

Tom McCarthy can’t finish building a home in Bergen County, New Jersey because of the lumber shortage.

“There are pieces of wood that we can’t find,” said McCarthy, a real estate broker with the Chen Agency who also builds homes with his father on the side.

McCarthy estimates the cost of lumber for the home will hit $70,000, nearly double the cost of building the exact same home in a nearby town just eight months ago.

Isn’t that nuts?

Instead of building a new home, you could try buying an existing one instead, but real estate prices in many areas have gotten completely insane.

In northern California, one house recently sold for more than a million dollars over listing price

When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one.

While the Berkeley sale was particularly sensational — it sold for double its list price and received 29 offers — these individual stories are becoming more common in today’s real estate market, according to recent data and anecdotes from real estate professionals.

I never imagined that I would see such a thing happen.

But one real estate agent says that such wild bidding wars are becoming increasingly common

And that’s especially true in the East Bay. “People are not surprised when a home goes $1 million over,” said Josh Dickinson, the founder of real estate agency Zip Code East Bay. “When my clients see a house for $1.9 million they’re almost conditioned to think it’ll go over $3 million in Piedmont or North Berkeley.”

This is what the beginning stages of hyperinflation look like, but Federal Reserve officials insist that we have nothing to be concerned about.

In fact, Eric Rosengren just told the press that the crazy inflation we are seeing now “is likely to prove temporary”

Boston Federal Reserve President Eric Rosengren in an interview with MarketWatch on Wednesday dismissed talk of scaling back asset purchases as premature, and said temporary factors pushing up inflation this spring won’t last.

“My view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday.

Do you believe him?

I don’t.

As Simon Black has pointed out, the federal government is just going to continue to borrow and spend trillions upon trillions of dollars…

This is the big one. The US federal government is hoping to spend a whopping $11 TRILLION this year, between the regular budget, COVID stimulus already passed, and all the new legislation they’re proposing.

And it’s only May.

Obviously Uncle Sam doesn’t have the money. So they have to borrow it.

Almost everybody loved it when the federal government started sending out big, fat stimulus checks.

But you aren’t going to love it when a cart of food costs you $400 at the grocery store.

Whenever the government hands out “free money”, someone has got to pay for it, and one way we are paying for it is through higher prices.

If you do not believe that this is a major national crisis yet, you will soon, because it won’t be too long before most of the country is loudly complaining about how nightmarish inflation has become.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Skyrocketing Lumber Prices Have Increased The Average Price Of A New Home By $35,872 In 1 Year

Do any of you remember when you could buy an entire house for $35,000?  There was a time in America when middle class Americans could buy a house and have it paid off in just a few years.  But now existing home prices have soared into the stratosphere, and lumber prices are making it ridiculously expensive to build new homes.  As you will see below, skyrocketing lumber prices have driven up the average price of a new home in the United States by almost $36,000 over the past 12 months.  That is absolutely nuts, but everyone agrees that even more inflation is on the way.

Of course it isn’t just lumber prices that are going haywire.  In California, the price of gasoline has almost reached five dollars a gallon in some areas, and the price for premium gasoline has almost reached six dollars

Gas prices continued to increase in or around Southern California for the ninth day in a row. And that appeared to be a similar trend nationwide where other states were seeing an increase as well.

The average price of a gallon of regular gas in the Beverly Grove area on Saturday was $4.99 and $5.99 for premium.

We are being told that one of the reasons why the price of gasoline is spiking is due to a lack of tank truck drivers

According to the National Tank Truck Carriers trade group, up to 25% of trucks are parked around the country because there are not enough qualified tank truck drivers. That number is up 15% from the beginning of last summer.

The demand for drivers took a hit when pandemic-induced lockdowns triggered steep declines in the gasoline market, and drivers opted for other jobs. However, the return to pre-pandemic numbers has been further undermined by unemployment benefits and stimulus checks keeping people away from jumping back into the workforce.

You can thank our politicians in Washington for this mess, and hopefully the driver shortage will just be temporary.

But if you think that the price of gasoline is bad now, just wait until the big war in the Middle East officially starts.

On Monday, the price of lumber continued to escalate dramatically.  According to the Wall Street Journal, lumber futures are now “more than four times the typical price this time of year”

Lumber futures delivery later this month ended Monday at $1,575.60 per thousand board feet, a record and more than four times the typical price this time of year. Futures rose by the daily maximum allowed by the Chicago Mercantile Exchange during nine of April’s 21 trading sessions.

But don’t worry, because the Federal Reserve insists that they have everything under control.

Hopefully they are on top of things, because we are rapidly getting into crisis territory.  As I mentioned above, rising lumber prices have driven the average price of a new home up by nearly $36,000 in the last 12 months…

Skyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright stars of the recovery from the pandemic recession.

Thanks to the completely and utterly insane policies of our “leaders”, high inflation is here to stay, and it is going to be exceedingly painful.

At this point, even Warren Buffett is acknowledging that inflation is starting to become a major problem

BECKY QUICK: I will ask this question from Chris Freed from Philadelphia. And whoever wants to take this on stage, “From raw material purchases by Berkshire subsidiaries, are you seeing signs of inflation beginning to increase?”

WARREN BUFFETT: Let me answer that, then Greg can get more into that. We’re seeing very substantial inflation – it’s very interesting. I mean, we’re raising prices. People are raising prices to us. And it’s being accepted. Take home-building. I mean, you know, the cost of– we’ve got nine home builders in addition to our manufactured housing operation, which is the largest in the country.

So we really do a lot of housing. The costs are just up, up, up. Steel costs, you know, just every day, they’re going up.

Flooding the system with trillions of new dollars was a really, really bad idea, but those that control the levers of power did it anyway.

Now we have way too many dollars chasing too few goods and services, and that is driving up prices and causing widespread shortages.  The following comes from an article about those shortages that was just posted by the Wall Street Journal

Consumers are splurging on cars and furniture—and facing extended waits for delivery. Restaurants and gyms are reopening—and struggling to find workers. Factories and home builders are trying to ramp up—but are short on semiconductors or raw materials.

Our “leaders” are promising that the shortages are just temporary.

And they are also promising that the price spikes are just temporary too.

If everything that they are saying is true, everything will go back to “normal” eventually.

Do you believe them?

In Venezuela today, just about everyone is a millionaire.

But just about everyone is also living in poverty because the currency is essentially worthless.

For years, pundits have been warning about “the death of the dollar”, but now our “leaders” seem determined to murder our currency as rapidly as they can.

I wish that I could say that there is a quick and easy fix to this mess, but the truth is that there is no going back now.

The Federal Reserve has got to keep pumping more money into the financial system or the stock market will crash.

And the federal government is going to continue borrowing and spending trillions of dollars that we do not currently have in a desperate attempt to keep the population happy.

This story is heading for a very tragic ending, and if you can’t see that by now I don’t know what else to say.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Mass Exodus From The West Coast Is Driving Home Prices In Idaho To Insane Levels

Lots of people have been moving away from the west coast over the last decade, but we have never seen the sort of mass exodus that we have seen over the last year.  This mass exodus has created some extremely hot real estate markets in desirable areas located away from the coast, and according to the Wall Street Journal the hottest real estate market in the entire country right now is Coeur d’Alene, Idaho.  Any house in the area that gets placed on the market is likely to spark a bidding war, and according to the Coeur d’Alene Association of Realtors the median price of a home in the region has risen by a whopping 47 percent in the last 12 months…

The median sales price in the Coeur d’Alene region rose in March to $476,900, up 47% from a year earlier, according to the Coeur d’Alene Association of Realtors. Finding a home to buy in the metro area of about 166,000 is getting tougher: Inventory of homes for sale shrank by 71% to just 337 homes. That amounts to less than a month’s supply.

“That’s not enough to go around—therefore, every listing gets 30 offers,” Ms. Johnson said. “Since the pandemic, our market has been crazy.”

In particular, the demand for high end homes is off the charts.

During the first two months of this year the number of million dollar homes sold in the Coeur d’Alene area was more than five times higher than the number sold during the first two months of 2020…

That has helped boost the number of high-end sales. In the first two months of the year, 67 homes in the area sold for $1 million and above, up from 12 sales in that price range in the first two months of 2020, Ms. Williams said.

Of course the Coeur d’Alene region is not the only extremely hot real estate market that has been fueled by this mass exodus.

According to the Wall Street Journal, these cities round out the top 5…

Austin, Texas

Springfield, Ohio

Billings, Montana

Spokane, Washington

It is interesting to note that three of the top five hottest markets are in the Northwest.  For a variety of reasons, large numbers of people are being drawn to the region, and this has both positives and negatives.

If people want to make positive contributions to their new communities, that can be a good thing, but in too many cases new arrivals want to make their new communities just like the hellholes that they are escaping from.

According to Realtor.com, a large percentage of the people viewing Coeur d’Alene property listings are located in major cities such as Los Angeles and Seattle

About 70% of page views on Coeur d’Alene property listings came from outside the state in the first quarter, up from about 66% a year earlier, according to Realtor.com. The top metro areas for interest in Coeur d’Alene listings were Seattle, Spokane and Los Angeles.

Vast numbers of “west coast refugees” are fleeing to Texas as well.  In fact, one real estate executive based in Dallas says that “70% of the people moving in are from California”

“It’s like waiting for people to get an iPhone when it comes out,” he added. “We have lines out the door for people seeing houses all across all sorts of price points.”

Healy, who is based in Dallas, said hundreds of people per day are moving to his city. He pointed out that 70% of the people moving in are from California and increasing “luxury price points.”

Overall, home prices are much higher in the U.S. today than they were last year.

In fact, we just learned that the Case-Shiller Home Price Index has risen 12 percent over the last 12 months…

House prices soared by 12.0% from a year ago, the biggest increase since February 2006, near the peak of Housing Bubble 1, according to today’s National Case-Shiller Home Price Index for “February,” which reflects the three-month average of sales recorded in public records in December, January, and February.

But the Federal Reserve says that inflation is very low and that there is nothing to be concerned about.

Used car prices are escalating rapidly as well.  In fact, the Manheim U.S. Used Vehicle Value Index is up 52 percent over the last year…

Used car prices in the U.S. continue to skyrocket as a result of both the country’s economic recovery and an ongoing supply crunch.

The Manheim U.S. Used Vehicle Value Index has continued to soar through the month of April, to a new record, as a result of the worsening of a semiconductor shortage, low lot inventories, and a continuing post-Covid “boom”.

The index was up 6.8% in the first 15 days of April, Bloomberg noted. The index is up an astounding 52% from the same time last year to 191.4.

But the Federal Reserve says that inflation is very low and that there is nothing to be concerned about.

The price of gasoline just keeps rising as well.  It has jumped 9 percent since last month and it is up more than 22 percent overall since this time last year…

Gas prices jumped over 9% in the past month and they’re not expected to slow down anytime soon.

Gas prices are up 22.5% from the previous year and were the biggest contributor to an overall increase in goods and services in the nation, according to the US Bureau of Labor Statistics’ Consumer Price Index. Fuel prices pushed a 1-month increase in the overall price of goods for March that was the highest in nearly 9 years.

But the Federal Reserve says that inflation is very low and that there is nothing to be concerned about.

Do you believe the Fed?

I think that Fed officials should be forced to shop for lumber if they want to try to keep convincing us that inflation is very low.

According to Fortune, the price of lumber has shot up 232 percent since the start of the pandemic.

232 percent!

That is just nuts.

By the way, the book that I published last year warned way in advance that inflation would get way out of control.

Events are playing out just as we anticipated, and a lot more inflation is on the way.

Whenever a crisis arises, our leaders always flood the system with more money, and they are pushing us dangerously close to the point of no return.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

America’s Cities Are Being Turned Into Crime-Ridden War Zones, And Murder Rates Are Way Up Again In 2021

The wealthy are reveling in their giant mountains of money, but meanwhile our society is literally coming apart at the seams all around us.  The stock market has been hovering near all-time record highs, and for those at the very top of the economic pyramid these may seem like the best of times.  But for most Americans, the “good old days” are a long distant memory.  More than 70 million new claims for unemployment benefits have been filed over the past year, poverty is absolutely exploding all around us, and crime rates are shooting higher at an unprecedented rate.  In fact, one study of 34 big U.S. cities found that their murder rates rose by an average of 30 percent in 2020…

A study by the National Commission on Covid-19 and Criminal Justice found that murders increased by 30% across 34 large U.S. cities.

In some areas, carjackings, robberies, shootings, sexual assaults and violence have become so common that it seems like the crime literally never stops.

Unless you have a death wish, there are certain parts of Los Angeles, Minneapolis, Chicago, Philadelphia and Baltimore that you should never enter night or day.  If you doubt me, just go wander the streets of the worst neighborhoods of those cities and see what happens to you.

This was supposed to be a year when crime rates began to return to normal, but instead they are on the rise again.  One study that looked at 37 large U.S. cities found that murder rates are up by an average of 18 percent so far in 2021…

The big increase in the murder rate in the United States in 2020 has carried over to 2021.

A sample of 37 cities with data available for the first three months of this year shows murder up 18 percent relative to the same period last year.

What is truly frightening is that this is about as good as things are going to get in America from here on out.

So if murder rates are spiking this much under relatively good conditions, what will our cities look like when things get really crazy?

Some of the crimes that we are witnessing are almost too horrible for words.  For example, just consider what just happened to a 12-year-old boy in Miami

A suspect in a black car kidnapped the boy at about 2 a.m. early Saturday morning from a Miami street, according to the Miami-Dade Police Department.

He drove a few blocks, raped the boy, and then shoved him out of the car and drove off, police said.

A good Samaritan on a bike near the scene of the crime came to the boy’s rescue. He was bleeding from the head and said he had been shot.

How sick do you have to be in order to do something like that?

Sadly, I could write about nightmarish crimes such as this every single day of the week if I wanted to, because they happen constantly.

Much of the crime boom is being fueled by gangs.  There are more than 100,000 gang members living in the city of Chicago alone, and a steady stream of illegal immigrants ensures that the gangs will always have an influx of new recruits.

Securing our borders would go a long way toward solving this problem, but we refuse to do that.

Just recently, a sheriff in Texas took a reporter from the Daily Mail down to “the easiest illegal border crossing along the Rio Grande”

The crossing point is on private property where an abandoned house sits on a quiet rural street that runs parallel to the Rio Grande, about 5 miles out of town from Del Rio, Texas, 150 miles southwest of San Antonio.

Law enforcement has nicknamed it ‘Border Lawn.’

‘It’s the easiest illegal border crossing along the Rio Grande,’ Val Verde County Sheriff Joe Frank Martinez told DailyMail.com in an exclusive interview.

When the river is low, immigrants can wade across the Rio Grande in about five minutes.

Authorities know that hordes of people come across the border at this spot each week, but they won’t stop it.

Of course any immigrants that are detained need to be held somewhere, and facilities at the border are already packed beyond overflowing.  In particular, the infamous facility in Donna, Texas is already holding more than 10 times more migrants than it was designed to hold

The U.S. Customs and Border Protection (CBP) holding facility in Donna, Texas, is supposed to house no more than 250 migrants during the coronavirus pandemic.

On Tuesday, the tent complex was holding more than 4,100 migrants, including 3,200 unaccompanied children, according to Oscar Escamilla, a Border Patrol official in the Rio Grande Valley who briefed reporters during the first press tour of a CBP facility under President Biden.

So much of the immigration debate is focused on the unfortunate children that are being held in places such as this, but that is just a drop in the bucket.

Each week, thousands of grown men illegally cross the border without being detained at all.  Many of those grown men end up in our core urban areas, and with few legitimate employment prospects available many of them turn to crime.

In an article that I published yesterday entitled “We Have Never Seen A Home Buying Frenzy Quite Like This”, I discussed the fact that we have seen a mass exodus from our core urban areas over the past year.  Millions of Americans have been looking to buy homes in desirable rural and suburban locations, and this has pushed housing prices into the stratosphere.

Today, I came across another example of this phenomenon.  122 offers were made on a 1,400 square foot home that was listed for sale in Citrus Heights, California in just one weekend

A Citrus Heights home in a quiet cul-de-sac received 122 offers in one weekend on the market.

The 1,400 square feet home has three bedrooms, two baths and a spacious backyard with a swimming pool and an asking price of $399,900.00.

Could you imagine paying $400,000 for a house that is just 1,400 square feet in size?

The real estate agent that listed this property was astounded to receive so many offers, because it wasn’t underpriced at all

“People would think that it was underpriced. It was not underpriced. It was straight on with the comps,” said Deb Brittan, the listing agent for the property. “I had hoped, I thought, maybe if we get 20 offers that would be amazing.”

As for the couple that sold the house, they don’t need it anymore because they are moving to Idaho.

As conditions in the United States continue to deteriorate, we will continue to see people flock to rural and suburban communities at an unprecedented rate.

So if you are planning to move, I would not wait.

Millions of Americans have already been priced out of the market, and the feeding frenzy is not going to subside any time soon.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

We Have Never Seen A Home Buying Frenzy Quite Like This

Could you imagine listing your home for sale and having nearly 100 offers in just three days?  This sort of thing is actually happening in hot real estate markets all over America right now.  Even though we are in the midst of the worst economic downturn since the Great Depression of the 1930s, we are witnessing a frenzy of home buying that is unlike anything that we have ever seen before.  Of course one of the biggest reasons why this is happening is because of the utterly insane economic policies of our leaders.  They have been creating, borrowing and spending money like there is no tomorrow, and that pushed M1 from 4 trillion dollars to 18 trillion dollars in just 12 months.  All of that money had to go somewhere, and one place where it is showing up is in home prices in desirable rural and suburban locations around the country.

For example, a “fixer-upper” in a desirable suburban community outside of Washington D.C. was listed for sale on a recent Thursday for $275,000.  On Sunday evening, 88 different offers had already been made on that property…

Ellen Coleman had never received so many offers on a house in her 15 years of selling real estate.

She listed a fixer-upper in suburban Washington, DC for $275,000 on a Thursday. By Sunday evening, she had 88 offers.

It eventually sold for $460,000, which was $185,000 above the listing price.

Isn’t that nuts?

The same thing is happening in lots of other parts of the nation too.

Down in the Austin, Texas area, one real estate agent says that “most homes are going for more than 20% over asking price”

“Nearly every offer my clients make faces competition, and most homes are going for more than 20% over asking price,” said Austin-area Redfin agent April Miller.

She said she recently helped a client with an offer for a three-bedroom, two-bathroom home listed at $515,000 and pulled out all the stops. The offer was for $100,000 over the asking price, and they waived appraisal and financing contingencies, yet still came in third out of 38 offers.

In my entire lifetime, I have never seen anything like this.

Overall, the median price of a home in the United States is up a whopping 16 percent compared to this time last year…

The median price of a home has risen 16% from last year, according to the National Association of Realtors, and they have increased even more in some regions of the country like the Northeast and West, which are both up 21% from last year.

Meanwhile, inventory has continued to linger at record lows. In February, the number of available homes for sale was down nearly 30% from a year ago.

Of course prices are not going up everywhere.

In fact, home prices are actually going down in certain core urban communities.

It isn’t just that people are looking to buy homes right now.  Rather, millions of Americans have been choosing to relocate due to fear of the things that have been happening in our world.

For example, the COVID pandemic has been one of the biggest reasons for the mass exodus that we have been witnessing, and our public officials continue to drum up more fear on a daily basis.  On Monday, the head of the CDC actually used the term “impending doom” to describe what she believes is ahead…

The U.S. is facing “impending doom” as daily Covid-19 cases begin to rebound once again, threatening to send more people to the hospital even as vaccinations accelerate nationwide, the head of the Centers for Disease Control and Prevention said Monday.

“When I first started at CDC about two months ago I made a promise to you: I would tell you the truth even if it was not the news we wanted to hear. Now is one of those times when I have to share the truth, and I have to hope and trust you will listen,” CDC Director Dr. Rochelle Walensky said during a press briefing.

And Joe Biden is begging for mask mandates to be reinstated all over the nation…

Joe Biden pleaded on Monday with Republican governors who ended mask mandates to reinstate the requirements in their states and pause reopenings as the administration goes ahead with expanding vaccine eligibility and inoculation sites.

‘I’m reiterating my call for every governor, mayor and local leader to reinstate the mask mandate,’ Biden said during remarks on the White House coronavirus response Monday afternoon. ‘Please, this is not politics.’

As long as Americans are afraid of the COVID pandemic, we will continue to see people relocate from urban areas with a high population density to rural and suburban areas that are more spread out.

At the same time, multitudes of Americans are also relocating from core urban areas due to all of the civil unrest that we have witnessed over the past year.

Many believed that the civil unrest would end once Joe Biden entered the White House, but that has not happened.

Instead, we continue to see violence on an almost daily basis.  Here is just one recent example

Footage captured the demonstrators spraying paint across the windshield of the man’s truck and smashing the tail lights in Salem on Sunday.

The driver, who was wearing an American flag sweatshirt, stepped out of his vehicle as he engaged with the protesters, who then appeared to mace him.

The video then shows him pulling out his gun and pointing it at the anti-fascist protesters.

He could be heard shouting: ‘Get away from me’.

Sadly, the civil unrest in our land is only going to get worse.

So that means that even more people will be fleeing our core urban areas in search of greener pastures.

But now that hyperinflation is hitting housing prices, a lot of middle class and poor people will be priced out of the market.

The wealthy and the ultra-wealthy will have no problem making offers on homes that are way over market price because they have lots of money.

But the vast majority of Americans that are living paycheck to paycheck will find that their options are now greatly limited.

This is why I have always encouraged my readers to do long-term planning well in advance.  When I was growing up, I often heard the phrase “you snooze, you lose”, and today that is more true than ever.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.