Jeff was a small business owner in New Hampshire. One Tuesday afternoon, his neighbor called…

“You need to get home NOW! There’s a dumpster in your yard, a padlock on your door, and a bunch of guys are ransacking your house!”

Completely panicked, Jeff dropped everything and raced home. When he got there, he found most of his family’s possessions either in a heap in the front yard or tossed inside the dumpster.

Without warning or notice, the bank had foreclosed his house and sold it at auction just a few days earlier. In a single afternoon, the life he’d worked so hard to build for his wife and three daughters was gone!

It’s a story we heard all too often following the 2008 housing crisis.

Unfortunately, despite what you’re hearing from the mainstream media about real estate today – how it’s booming and can only go up from here –it’s a story we’re going to start hearing again and again in the coming years.

Some people have benefited from the record breaking bull market and housing recovery. But it’s been mostly the richest Americans who own most of the financial assets.

Hundreds of millions of Americans who don’t belong to the 1%, who were crushed in the last crisis, haven’t been able or willing to participate in the recovery. For them, things haven’t gotten better. They’ve gotten worse.

And this map from a 2017 Economic Innovation Group report proves it…

See all that blue?

It’s not who voted for Hillary. Instead, those are the prosperous parts of America where there’s been strong economic growth, new jobs, rising home values, and higher pay over the past two decades.

It’s no surprise that most of that prosperity is concentrated in the fast-growing western cities and tech hubs… like San Francisco, Seattle, and Austin, TX.

But see all that orange and red?

That’s the other America this “recovery” left behind… the old industrial cities that were once the engine of our economy.

Where today, residents are more likely to die sooner, have more frequent health problems, flat or decreasing home values, and earn less money with fewer job opportunities.

Where more than 38 million American households can’t afford their housing… an increase of 146% over the past 16 years.

Where nearly seven million homeowners are either underwater on their mortgage, or barely above break even.

Where one in five households are currently broke or in debt.

And possibly the scariest statistic of them all…

Where nearly half of all Americans say they don’t have enough money to cover a $400 emergency expense. That means even a tiny bump in the road, like an unexpected medical expense, the loss of a job or decrease in pay, a slight increase in the everyday cost of living, or an increase in their mortgage interest rate would send millions spiraling into the same situation as Jeff.

And that 1%? They’re in for a shellacking of their own because they are so heavily invested in over inflated financial assets. 

So, forget all the fake news you’re hearing about the real estate market being safe again because of the shortage of inventory and record home starts…

Forget about the record highs in the stock market…

And most definitely forget about all the promises the White House and Congress have made.

The truth is, we’re already starting to see the cracks deepening in stocks and in this fake “housing recovery” all across America. And that’s why I’ve written my newest eBook, Real Estate Doomsday: How to Protect and Grow Your Wealth During the Greatest Real Estate Crash in History. In it, I explore those cracks to show you how unstable this situation really is, and I detail which real estate markets across the country face the highest risk.

Harry
Follow Me on Twitter @harrydentjr

The Truth Exposed: The Future of the Markets & Your Wealth

During this ground-breaking FREE presentation, controversial economist and bestselling author Harry Dent will deliver the hard truth about our economy that you'll never hear in the mainstream media... Read More>>
Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.