ilmscore | Prediction Details
"now of course you're going to have short-term swings up and down on this but over the long term that's what inflation is and So when you buy real estate the second reason why especially rich people like the idea of owning real estate is because most banks are only FDIC insured up to $250,000 per person which means if you have millions of dollars sitting in a bank and that bank were to go under well now that cash that you have sitting in the bank is also also at risk"
By Minority Mindset | December 3, 2023 | Pending
From video
Make Your First Million In Real Estate 00:15:34 - 00:15:57
Interpreted Prediction
Large cash holdings in banks carry risk, as FDIC insurance typically covers only up to $250,000 per person, leaving larger sums vulnerable in case of bank failure.

Prediction Details

Topic
Bank Deposit Risk (FDIC Limit)

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