On Friday, December 26th, when most of the world was shut down, we were awash in purchase contracts – receiving more in one day than we’ve received on any other day all year. What made it more interesting is that most of the contracts were isolated to one area. The reason is very telling – particularly for purposes of this blog. On December 24th, Elon Musk posted this: Double-digit growth is coming within 12 to 18 months. If he’s right, interest rates will be as high as 10% - and real estate agents everywhere will be dancing with glee! Elon is referring to economic or gross domestic product growth. It’s been averaging 2% to 3% over the last few years – and much of that was just government spending (so not “real” growth that benefits everyone). Elon thinks AI and robotics will foster double-digit private sector growth. This means that we will add over $3 trillion of NEW (out of thin air) wealth to our economy each year.Read More