Postcards: How Janet Yellen Nearly Ruined My Day

If you thought there might be a chance for you to buy into certain real estate opportunities in the coming years - think again. The Bailout Playbook is back, baby.

Dear Fellow Expat:

Greetings from the back bedroom of the house.

I’m still laid up a tad, with my lower back barking at me.

Painters are finally coming through our house to fix the walls after we needed to have the entire piping system replaced last year.

Speaking of barking… I had to move Elsie and Gracie - our two dogs - back into this room with me. Every time our front door opens, our ADT system beeps… and they start barking like maniacs.

It’s been a good day to be in the headache medication business.

Especially after this report from Treasury Secretary Janet Yellen.

Commercial Real Estate Bailouts

After COVID-19, they printed too much money, creating inflation that ripped through this economy over the last few years.

But another form of “printing” put America’s economy on the brink: The commercial real estate market. It’s not so much printing… as it is overdevelopment.

The commercial real estate model isn’t based on common sense economics: the laws of supply and demand. Here in Florida, …