Senior Managing Editor of The Freeport Society
Welcome to the new American Dream: renting where you live, buying where you don’t, and praying you don’t get evicted along the way.
The U.S. housing market is in shambles, and everyday Americans are paying the price (quite literally). The median house price is now $426,900, a 4.1% jump from last year. Assuredly, salaries have not seen an equivalent increase.
Unsurprisingly, eviction rates are on the move. They’ve now surpassed pre-Covid levels.
As Charles says, “This does NOT bode well.”
According to the Eviction Lab at Princeton University, cities like Gainesville, Florida are seeing filings 46% above pre-pandemic levels. Las Vegas isn’t far behind at 43%, and Houston’s sitting at a concerning 42% increase.
This is a nationwide trend that’s turning the concept of “home sweet home” into “home sweet…wherever you can afford it.”
In response to these challenges, the tactic of “rentvesting” has emerged. The idea is to rent where you want to live – or where you can still afford to live – but buy property somewhere else as an investment.
This isn’t just savvy financial planning… Folks are now having to get creative to keep a roof over their heads. We’ve reached a point where having a secure place to live requires far more strategy than it should.
While there is no quick fix, and certainly not anything a new president can do with a snap of the finger– even if they actually wanted to – we at The Freeport Society are committed to helping guide you through these chaotic waters.
The last 3.5 years have been some of the worst ever for inflation, working class wages, and economic stability in America, with no one looking out for the middle class.
This has led to a “silent invasion” – which is expected to hurt the working class and even the professional class more than any previous presidential policies. You can click here to learn how to prepare before it’s too late.
In the meantime, let’s go over everything interesting that happened this week at The Freeport Navigator…
First Unelected President Since Gerald Ford?
Well, we told you so. Since Joe Biden’s replacement candidate has finally emerged, Charles gave us his thoughts on what investing under President Harris would entail. Continue reading here.
It’s Once Again Come Down to MAD
With Joe Biden now out, the likely trigger for a U.S. sovereign debt crisis — the Plague of the Black Debt scenario — is becoming more probable. Read Justice Litle’s take here.
The Sun Rises… the Sun Sets… and the Debt Load Grows
Whether it’s Harris or Trump in the oval office, we as a nation lose. Click here to continue reading Michael A. Gayed’s piece.
Don’t get Corzined!
There’s risk in the types of securities you pour money into… And there’s risk in who you have your assets with. It’s all about spreading it around so you don’t get burned out, something John Pangere strongly advises in Friday’s piece. Dive in here.
Looking Ahead
Welcome to the dog days of summer.
Temperatures are soaring, and suddenly that shady spot under the tree is looking like a luxury resort.
This nickname for this sweltering time of year actually has ancient roots: the Egyptians named it after Sirius, the “Dog Star,” whose rise alongside the sun marked the year’s hottest days.
But “dog days” aren’t just about the weather.
The phrase often refers to a period of sluggish market activity, like the one we’re currently in. And while this isn’t a fixed rule, the stock market historically tends to show lower trading volumes and subdued performances during this time.
Although as the summer heat lingers, next week should bring some noteworthy action. We’ll see updates on those alarming home prices, consumer confidence, and the Fed’s interest rate decision.
So, in this Age of Chaos, with our current political clown show and economic disconnect between the data and real life, think of us at The Freeport Society as your ally in preserving your wealth. Because even in the dog days, smart investors can stay ahead of the curve.
To life, liberty, and the pursuit of wealth.