A sudden mass exodus away from our major cities has become the greatest migration event in modern American history. Millions are moving to smaller, suburban communities despite soaring housing prices simply because they don’t feel safe in our core urban areas anymore. The relocating patterns are making home prices crash in some markets while others are seeing housing costs reach absolutely insane levels. The trend, however, highlights that the wealthy are snatching the most desirable properties, consequently pushing the price of otherwise affordable homes to skyrocket, and leaving middle-class families priced out of most markets while working-class families are having to live in poverty-stricken regions. We used to have some of the most beautiful cities in the world, and we still do, but for many, the beauty doesn’t compensate for the collapsing infrastructure, rising rates of offenses, social decay, and the slowdown of local economies. In fact, historian Victor Davis Hanson is using the word “apocalyptic” to describe some of them. According to a recent article published by the New York Times, hundreds of thousands of people have already left the Big Apple. After losing so many residents, some were expecting that the mass exodus would be slowing down, but that does not appear to be happening. In fact, new tax data shows that over the past couple of years the City has faced a steep population loss. Approximately 500,000 people fled New York - 330,000 of them in 2020 alone, in an exodus described by officials as a once-in-a-century shock to the city’s population. In other words, 8.5% of the city’s residents have moved away looking for better living conditions. Of course, all of those people need to have somewhere to go, and the most popular destinations have been Florida, Arizona, Texas, and Tennessee, a U-Haul survey found. As a result, those places have actually seen some of the highest housing prices in the entire nation. Zillow economist Nicole Bachaud argues that the relocation of affluent Americans to upper-middle-class neighborhoods is pricing out middle-class families as the competition for a shrinking pool of available homes oftentimes leads to bidding wars. Right now, we have very few homes and a lot of people trying to buy them, she said. Nationally, only 49% of American families living in metropolitan areas can say that their neighborhood income level is within 25% of the regional median. A generation ago, 62% of families lived in these middle-income neighborhoods. This trend highlights that wealthy families can see that things in the U.S. are about to take an apocalyptic turn and that the big cities will not be a safe place when the next economic recession hits, and rioting, looting, civil unrest, and the rate of delinquencies all start spiraling out of control. The top 1% plans to ride out the coming American apocalypse in style while the world above them is literally going insane. Sadly, a big share of the general population continues to be completely oblivious to what is about to happen to them, and so the events that are coming will close upon them suddenly like a trap and there will be no escape. Meanwhile, countless other Americans also seem to be deeply alarmed about the near future, because we have never seen a mass exodus of this magnitude in modern American history. For more info, find us on: https://www.epiceconomist.com/ And visit: http://theeconomiccollapseblog.com/