back in march of NUMBER_TOKEN. now this had some unintended yet foreseen consequences mortgage rates are heavily correlated to the risk-free rate and now lenders could offer customers a NUMBER_TOKEN-year fixed-rate mortgage for as low as NUMBER_TOKEN percent this made a lot of people jump into the market in fact many families began buying second homes prices jumped and investors realized a trend all this money printing was causing serious inflation keeping your money in cash or bonds just wasn't worth it you were literally losing money each year real estate was appreciating NUMBER_TOKEN plus percent and with interest rates at near zero you can get a lot of leverage to put your money into an asset that will not only beat inflation but allow you to make a pretty big low risk return think of it as the federal government stepping in and subsidizing your investments now investors and others began to jump in and join the party enlarging the crisis this is also why you're seeing many billionaires begin to sell stocks and buy up real assets and now is a great opportunity for me to tell you about our sponsor today the daily upside if you're struggling to find useful and unbiased financial and business news the daily upside might be the solution to your problem the daily upside is a totally free daily email newsletter written by a team of financial professionals with real industry experience it's becoming the first thing i read every morning as it's informative entertaining and not dumbed down they don't just give a generic take littered with financial jargon instead the daily upside sifts through a noise to find the most important news with real analysis they had a great piece last week on how america's billionaires are cashing out of their stocks like never before whether you are a financial professional or just looking for a better source of business news the daily upside will help it's totally free to sign up and they send you one information filled email every morning i can't recommend it enough sign up using the link in the description below with that said america's billionaires are not just cashing out and keeping their money in savings accounts they are pushing these piles of cash into hard assets like farms land and housing it was recently reported that mark zuckerberg and his wife priscilla chan spent NUMBER_TOKEN million dollars on NUMBER_TOKEN acres of land on the hawaiian island of kauai adding to the NUMBER_TOKEN acres of space in kauai that they purchased in NUMBER_TOKEN for over NUMBER_TOKEN million dollars bill gates famously owns NUMBER_TOKEN NUMBER_TOKEN acres of farmland in NUMBER_TOKEN states and other billionaires around the world are buying up record amounts of real estate often in quite rural portions away from city centers even hedge funds and big financial institutions are getting into the game while fears of inflation continue the push into hard assets grows larger here is cayman capital management founder and cio kyle bass explaining the situation and why his investment strategy is focused on real assets like real estate oh so so that just trumps everything i mean did we so then we overreacted to the omicron news and maybe to the chairman powell as well on the hill he seemed to scare a lot of people into thinking that rate hikes and tapering were going to come much faster than people had expected yeah they may try to do that but i think look you already see NUMBER_TOKEN-year and NUMBER_TOKEN-year rates inverted and and uh if you go back and reread bernanke's famous helicopter speech
START_SPONSOR_TOKEN and now is a great opportunity for me to tell you about our sponsor today the daily upside if you're struggling to find useful and unbiased financial and business news the daily upside might be the solution to your problem the daily upside is a totally free daily email newsletter written by a team of financial professionals with real industry experience it's becoming the first thing i read every morning as it's informative entertaining and not dumbed down they don't just give a generic take littered with financial jargon instead the daily upside sifts through a noise to find the most important news with real analysis they had a great piece last week on how america's billionaires are cashing out of their stocks like never before whether you are a financial professional or just looking for a better source of business news the daily upside will help it's totally free to sign up and they send you one information filled email every morning i can't recommend it enough sign up using the link in the description below END_SPONSOR_TOKEN