“A single Bloodhound once tracked a man for 130 miles. He wore out four handlers. Your big-brain is cool and all, but it ain’t everything.”
I’ve been very concerned, lately, since surging valuations price out buyers, as do rising interest rates, sated irrational demand, etc. The investors I work with bought at 6:35 on the clock’s face – not the absolute bottom of the market, but just after it. Our goal is to sell at 11:55 in preference to 12:05. Knowing when high noon is impending is my job.
And since Monday, my job is much easier. If we have another Summer of riots, Phoenix will continue to soar toward the ever-fecund sun. We are the world’s biggest suburb but we are still also the world’s biggest cow town. The state of Arizona has never not been open-carry. We have almost none of what Ants are fleeing from – and a cornucopian abundance of everything they are fleeing to.
All of this will be true nationwide: The cites being fled to will continue to do well, going forward. Any pain in the real estate markets will be felt first, worst and longest in the cities being fled from. Redfin, Zillow and the NAR all have the data to prove me wrong – if I am – and if they ever dare to admit that the riots are happening and that they are roiling real estate markets everywhere.
In other news:
CNBC: Mortgage refinance demand hits lowest level in over a year, and homebuyers retreat, too.
Redfin: Are We In a Housing Bubble? Will the Housing Market Crash in 2021?
CNBC: ‘When is the housing market going to crash?’ is a red-hot search on Google – here’s why.
The Blaze: Study: San Francisco lost the most residents of any major city in the United States.
John Nolte: Rural Trump Voters Already Live in the Safe, Tolerant Utopia Leftists Claim to Want.
MarketWatch: U.S consumer prices surge in March, CPI finds, pushing inflation to 2 1/2-year high.
Issues and Insights: CEOs’ Surrender To The Mobocrats On The Left Will End Poorly.
Paul Rossi: I Refuse to Stand By While My Students Are Indoctrinated.
Glenn Greenwald: Big Corporations Now Deploying Woke Ideology the Way Intelligence Agencies Do: As a Disguise.
Christopher Rufo: Merchants of Revolution: California’s ethnic studies initiatives train children in Marxist theory—and opposition to the American system.
