China’s largest cities are so overpriced that migrant workers are going back to the rice paddies – and I predict urban unrest in the years ahead from the younger migrant workers who don’t know how to farm or want to go back. There’s at least 150 million of that group.

In San Francisco, you have people living in cars and taking showers at the office, teachers having to live in dormitories and people renting out single rooms in houses.

In Vancouver, you have a 15% foreign buyer tax plus 12% to 16% on top of that if you flip within one to two years. Prices dropped at first but are now shooting to new highs despite that aggressive policy. You also have 400-foot micro studios with a fold-down bed for $400,000 or more.

In China, they have 66 square feet “closet” apartments. That’s the size of my 7’ X 10” carpet in my home office. A bed, a toilet and sink, a small drawer and closet… basically a jail cell.

In L.A., and more cities like San Francisco and Cleveland, there are increasing renter riots, while rents have just crashed 15% in Chicago.

This just can’t keep going on for much longer.

Learn more in my video below…

Harry

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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.