We’re Not In A Real Estate Bubble

Does this sound bad? Sorry, but the truth is far worse than that. Yes, there is an unprecedented debt bubble hanging over us and it will pop. And yes, we have been transformed from owners into renters. But, it all hangs on the thread that the underlying economy is still the way it is presented to us. This means that the values we assume to be “of value” simply don’t exist anymore. It’s one giant bubble filled with steam from decades of cheating. And it will crash erasing a lot of what we take for granted today.

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