Not sure how you can be positive abut real estate going higher. The world is in trouble, people are striking everywhere…can’t end well. Your thoughts?
The world has been in trouble forever. The reason may be clear: The spread between the have and the have-nots is ever widening. Government is the evil, no one can be trusted. I would agree that we are out of balance. Governments seem to live in their own world. As for strikes: I love seeing them, it proves my point that we live in the world’s most unreported inflation of all times. Inflation in hard assets that is. (Commodities can be in deflation at the same time – that is new!). People simply can’t make ends meet without pay increases. Governments say inflation is 2%, yet food is up 17% and rising, rents are up 200 percent in 4 years, etc. etc. So, wage earners NEED to fight. But, totally separate from that is the creation of money. Milton Freedman said: “Inflation is primarily a monetary formula”. I have quoted him for over 20 years. Create more money than we earn, hard assets go higher. And we create more money than ever in history. That excess money settles in hard assets – my bet, is back into real estate. (unless the whole thing collapses…and that has been predicted also for 50 years).