The exodus from blue states has not waned since the pandemic. Americans are seeking lower taxes, crime, and tyranny as half of our nation descends into utter chaos. A recent poll by SmartAsset found that Americans earning $200,000 or more have been the most eager to flee states like New York and California. California and […]
COMMENT #1: Mr. Armstrong, I had to write to say thank you so much for everything you do. When Trump was indicted, you said sell and get out of New York. Your advice has always been discussed with our board, and the decision was made to sell in light of your ECM also turning in […]
I noted that real estate in the United States would turn into a buyer’s market in May 2024 going into August 2028 in a reversal from the buyer’s market we’ve experienced since 2020. The 2007 high on the Shiller Index was the precise day of the Economic Confidence Model. So far, all the indicators have […]
The Biden Administration wants to do everything to lower prices BESIDES lowering taxes. Joe Biden released a new plan that would cap rental raises at 5% annually. Landlords who have over 50 units in their portfolio would lose their tax credits if they failed to adhere to this proposed law. Yet, property taxes throughout the […]
Inefficient politicians consistently cite additional taxation as the solution to their nation’s economic troubles. The housing crisis in Canada is has spread to every province. Instead of addressing availability, the disproportionate demand brought on by multiplying the nation with migrants, or any of the countless fiscal policies that have contributed to inflation, the Canadian government […]
We saw it happen first in California. People could not handle the restrictive policies during the pandemic, which was worsened by the drastic increase in taxes and crime. Americans are fleeing blue states in droves – precisely why we cannot forecast real estate as whole for the United Stated. Recent data from the Internal Revenue […]
COMMENT: Marty, you are by far the greatest long-term forecaster ever. I worked on the floor in 2007 when the market crashed on the exact day of your ECM. Everyone called it Armstrong’s Revenge. That was the very day of the high in the Shiller Real Estate Index for 2007. I know you say the […]
You will own nothing. Accessory Dwelling Units (ADUs) have grown in popularity in recent years. America has recently imported a concept stemming from across the pond in the UK to pacify housing fears. Build-to-rent (BTR) communities are becoming a common development as the majority of Americans struggle to either afford or find housing. Around 23% […]
Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained to certain states and areas of certain states that the public has deemed most desirable, largely due to political factors such as taxes. Yet, at […]
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/PublicSectorEmployee.Homelessness.mp4 California’s homeless crisis proves the public sector is a welfare program and political tool. The California State Auditor released a report this month that reveals California’s programs to combat homelessness have been utterly ineffective. Nine agencies funded by the state have received billions from 2018 to 2023, but homelessness is rapidly rising and […]
