Asset inflation 20%.— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) February 12, 2022
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!
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.