Quote:
Originally Posted by 1965gp
But that 3% is against standard inflation.
Without getting political there are questions as to what kind of inflation we are going to see over the next few years ranging from above average to insane.
And most of these people aren’t financing the property, they are just pulling the cash out of the banks.
I’m not a banker by any means- will it cause a problem when a significant amount of $$ is pulled out of private banks? Does it make a difference if 100 people have 10k in the bank vs 1 person having $1M?
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Yes, it makes a difference....those 100 people with 10k in the bank are likely charged more in fees than the one person with million.