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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Smart_Asset who wrote (2301)7/5/2014 12:21:27 PM
From: John Vosilla   of 2722
 
Household net worth just in the US approaching $85T. Most of the gains from when it was just $40T at the peak of the Clinton era NASDAQ bubble have gone to the top 5%. Seems to mirror what is happening with wealth inequality worldwide with more and more capital in need of a home. They all go to live, do deals and play in many of the same places such as best areas of the big west coast cities plus Jackson Hole, Aspen ect.. multiple homes all over. seems to have trickled down to the top 20% the past year or so hopefully the rest start to feel it soon This cycle doesn't have the leverage into the system as yet with lots of skin in the game. Something most likely will trigger another recession within 3-5 more years but it probably will be far different drivers than what caused the 2007-09 meltdown..
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