“Old lies? New ballyhoo? Same old gas…”
That, apparently, is the name that is to be given to the lies about why so many Americans have moved since May 25th, 2020. Given the way these propaganda campaigns go, I would look into Critical Theory or “Great Reset” literature for the origin of the term.
I linked Saturday to Zillow making absurd predictions about the rest of the year – all the while neglecting the riots, just as all of real estate media has affected to have ignored the riots. Bad news, prognosticators: The riots are back.
What should you expect? More of the same, very likely:
- Rioted cities will continue to bleed their remote-work-capable Ants.
- Inventories in target cities will tighten even more, since effectively ZERO current homeowners will elect to sell into this maelstrom.
- The real estate press, most especially the PR operations at Zillow and Redfin, will continue to obscure the devastation in the abandoned neighborhoods of the rioted cities.
This is me in February, telling the actual truth about “The Great Reshuffling” before the lie had even been cooked up:
I can’t defend that claim because it is not being documented by the real estate press, but it will turn out that rioted cities will have lost population to non-rioted cities, that more-suburban areas in rioted cities will have gained where more-urban areas will have lost, and that, generally, people will have moved from D- and C-quality housing to B- and A-rated domiciles – leaving many empty former-residences behind them.
All of this will express itself further as the flight-from-Grasshopperism moves into smaller (hence cheaper) communities and, eventually, beyond these shores.
I used to say, “They can’t enslave us if they can’t catch us.” Ants are running farther and faster than ever before – and their flight to safety will not stop, not soon and perhaps not ever.
In other news:
The New York Post: National Guard deployed in Minneapolis after fatal police shooting of Daunte Wright.
CBS News: First-of-its-kind meeting draws more than 100 corporate leaders to discuss state voting laws.
The New York Post: Atlanta cops beg residents to stop shooting each other in new campaign.
City Journal: Richmond’s Rage of the Woke.
Rep. Jason Smith: Biden’s ‘infrastructure’ plan is a Washington power grab.
