By Mark David Money has a funny way of creeping around. And, let’s be honest, it tends to creep towards people who already have a lot of it, so it’s no surprise that Jeff Bezos has made approximately $25 billion during the Covid pandemic, or that the banks that processed the Federal government’s $349 billion loan program booked over $10 billion in fees.
Things are a bit more complicated for the rest of us financial mortals, however, and you need look no further than the topsy-turvy world of real estate for evidence of that.
At the end of April, the Los Angeles Times described the market as “seized up,” and Zillow reported that the number of deals entering escrow had fallen off a cliff by mid-March.
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