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by lifestyleguru 10 days ago
Present America is real estate developers all the way down.
2 comments

Real estate, Crypto and AI make up the 3 legged stool of US investment (from my perspective).

In my area which is over 1/3 retired people this is where the majority of their investments seem to lie. Those who are simply relying on 401k or other investments are also at risk due to the lack of diversification. Since their investments are tied to those 3 things.

If any of the legs of the stool go out...the whole thing goes down.

You forgot Big Oil and weapon industry.
yeah big oil was here long before AI and will be long after that bubble pops

they still call the shots in many states and much of canada

Wait till you see the housing market in other Anglo countries.
Maybe it's not cheap but also not very available, quality is rather poor, you can rent it short term without any tenant rights?