Calamity for the young and poor

Asset inflation 20%.
Interest rate for rich = 3%

17% growth without lifting a finger and creating zero jobs

Thanks for stealing the future of the younger generation America!

— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) February 12, 2022

It's the same in the dumb North. In the last two years, the biggest city in Canada saw a 43% increase in the average sold price of a property. The average price of property in Toronto is now $1.14 million. Understand that this includes condos and townhouses. The average price of a detached house is close to $1.4 million.

For a rich guy who could easily borrow at 3% to buy and flip a house, that translates to a profit of roughly $15,000 per month for two years. If he bought two houses, then that's a cool $1,000 a day for two years.