Kenny Polcari: America is witnessing the biggest disruption to sweep across the country’s real estate market in 175 years.
And this time it’s not just the usual suspects like New York, L.A. or San Francisco at the epicenter of this disruption. It’s happening in small cities like Boise, Meridian, Spokane and Austin that are upending the entire $43 trillion real estate sector as we know it.
It’s in America’s heartland, where home prices have exploded over 50%.
Houses that once went for $600,000 are turning into million-dollar moonshots.
The headlines of recent months tell the story, and they’ve been everywhere!
Markets Now: “Housing Is the Economy’s Energizer Bunny: It Keeps Going and Going.”
Bloomberg Businessweek says, “Yes, Real Estate Prices Are Soaring, and no, It’s not a Bubble.”
Markets Now runs with the headline, “The Housing Market Is So Hot, Buyers Are Paying $1 million over the Asking Price.”
That’s right. In the space of just three months, over 310 homes have sold for $1 million over the asking price.
And 146 new “million-dollar cities” were added in 2021 alone.
Insider Monkey Ads
While most Americans want to put 2020 behind them…
And a return to “normal” life…
According to Wall Street legend Marc Chaikin, life is about to get even stranger, and it could have a sizable impact on your wealth.
“A massive and surprising new transition could determine the next group of millionaires,” says Chaikin, who predicted the 2020 market crash. “While leaving 99% of the public worse off than before.”
“If you own regular stocks, you’re in for a big surprise,” he adds.
Chaikin, who has appeared numerous times on CNBC’s Fast Money, says that you absolutely must consider buying one particular type of investment right now, before it’s too late.
And no, it’s not cryptocurrencies.
“I grew up in a world where you could do extremely well by investing in ordinary companies,” Chaikin says. “It’s how I spent the majority of my 50-year career on Wall Street.
“But the simple fact is, the next phase of the pandemic could change everything you know about making money.”
Chaikin has agreed to name the #1 investment to buy right now, free of charge.
Insider Monkey Ads