This story was originally published here.
Rents are falling in San Francisco.
It's both scary and awe-inspiring. And DailyWealth readers saw it coming.
Three months ago, I told readers a “wealth redistribution” was underway. We examined the first sign of this trend – remote work.
I predicted that the push toward remote work would redistribute highly paid tech workers around the country. The idea was based on simple economics…
People always prefer to spend less, if given the option. So it's smart to assume folks would flee San Francisco… if their employers allowed them to work remotely. Well, now we have hard evidence that it's happening.
Let's go over the details together. You might be surprised to learn this is a bullish trend for America…
I never expected this trend to get moving so quickly. I first wrote about it in May. And changes are already happening.
In San Francisco and San Jose, rents have fallen roughly 7% since March. Together, those cities make up the north and south side of California's Bay Area.
Now, you might be thinking, “Aren't rents falling everywhere?”
The answer is unequivocally, no.
In fact, rents have gone up in Sacramento. That's the California state capital, and it's only about an hour and a half north of San Francisco.
That's not all, either. A recent survey of 300 landlords in the city found that 7.5% of renters broke their leases in the past three months. That's much higher than normal.
So what does this mean? It's simple…
Editor's Note: Click here to keep reading.
[New Gold Prediction] Hard-asset specialist expects “perfect storm”
Dear Reader,
Something strange is happening in the financial system…
And according to the Wall Street Journal, it's causing some investors –- including the world's biggest banks – to move massive amounts of cash out of the banking system.
What exactly is going on and what does it mean for your money?
I recently met up with widely-followed hard asset expert Bill Shaw at his firm's east-coast headquarters.
Over the past two decades, Mr. Shaw's firm has grown from tiny startup into a publishing powerhouse – serving more than a million readers in more than 150 countries.
Since 1999, the firm owes its legendary status as a trusted source of financial research to its eerily-accurate track record of often-controversial financial predictions, including:
- The Dotcom Crash…
- The bankruptcy of General Motors…
- The real estate bubble…
- The fall of General Electric…
- And the bankruptcy of Freddie and Fannie.
Recently, Bill revealed a brand-new prediction that has caught many by surprise.
He explained, “I'm not the kind of guy who gives in to hype and big predictions… that's why I've waited nearly a decade — to make sure the timing is right for the biggest prediction of my career.“
He went on to explain that over the next few years, he sees massive bull market developing in a sector of the economy that, over the years, has been completely ignored by nearly every investor in America.
The hard-asset expert said:
“Events happening around the world are about to come together at just the right time to create a perfect storm, causing some of the world's biggest investors to dump cash and stocks – and pile into this long-hated asset.
In fact, it's already begun.”
After dedicating hours to painstaking examination, ensuring he considered every possible angle, Mr. Shaw has put together a free presentation to explain exactly what he sees coming… and the best way for Americans prepare.
Go here to see all the details.
Regards,
Brian Mansfield
Research Specialist, Stansberry Research
I should warn you – some may be surprised by Mr. Shaw's massive prediction. The fact is, even if he's only half right, the world's financial system could look very different in the next few years.
