The latest stimulus package is over One trillion dollars! The human brain can’t comprehend this number and that is the reason housing will continue to increase.
I can comprehend one million dollars. That is fairly simple. A billion gets fuzzy but, a trillion is impossible.
If we were to stack dollar bills on top of each other. A billion would be 67.9 miles tall!
A trillion 67,866 miles! The stimulus package is nearly $2 trillion. That is halfway to the Moon for goodness. The previous bailout of $4 trillion made it to the moon.
I’m hearing rumblings of a bubble in US real estate. This is because people never imagined this scenario before. Since COVID-19 over $6 trillion dollars have entered the system.
Nick McLean Real Estate Group