The “Rich” are smart in capital preservation. They (I mean their investment advisors) can sense when the market has bottomed out vis a vis the start of hyperinflation cycle and shelter their wealth. US RE may not be that attractive, price wise, at present, but it has some good features like title security (someone, private or public, can’t just steal or nationalize as in Russia/Venezuela/South Africa etc.), US is a very livable place and has good legal & financial system, at least compared to many other “attractive” investment venues.
