Why Rich People Have Many Houses

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In this video, I discuss how wealthy people use real estate as a store of value-- as a way of preserving their purchasing power.

This creates distortions in the housing market, and helps to crowd out normal people who just want a roof over their head.

Low interest rates, money printing, and other central bank distortions are some of the biggest drivers of wealth inequality.

Bitcoin fixes this, by allowing a competing store of value that does not hurt the middle and working classes.

Anyone, rich or poor, can use Bitcoin as a savings technology.

Not investment advice! Consult a financial advisor.

Declining purchasing power of US dollar:

Fed keeping interest rates low:

Savings account rates are pathetic:

Wall Street buying up single family homes:

Foreign buyers of real estate:

Foreign buyers pricing out locals in Vancouver:

Justin Trudeau moves to tax them:

NYC may do the same:

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Housing
#Fed
#Bitcoin

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