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Fortune favours the well-capitalized

Recessionary times offer investment opportunities for those who don’t require debt
A view of 1560 Yonge St. in Toronto. (CoStar)
A view of 1560 Yonge St. in Toronto. (CoStar)

It is an inconvenient truth that recessionary times generally do more to broaden wealth gaps than narrow them. As Baron Rothchild, the 18th-century British nobleman and member of the Rothschild banking family who made a fortune buying land in the panic that followed the Battle of Waterloo, is credited with saying, "When there’s blood on the streets, buy real estate.” This is as true today as it was in 1815.

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