Rick Rule references a 1980s-1990s precedent where Doug Casey encouraged him to purchase seaside villas in Dubrovnik during the Serbian-Croatian conflict for under $100,000, expecting them to appreciate to $3 million, applying the principle of buying during localized wars in high-quality real estate markets.
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Speaker
Rick RuleEvidence Quote
“When the Serbian forces began to shell Dubrovnik, Doug Casey called me up... 'you buy when there's blood in the streets. I'm sure that there is a family in Dubrovnik that would sell us a seaside villa in Dubrovnik for less than $100,000. And if we're lucky enough that the house doesn't get hit by a shell, it'll likely be $3 million in the not-too-distant future.'”
Source
Rick Rule and Lobo Tiggre: What We're Buying, Selling, and Watching as War Not Stopping— VRIC MediaCreated: 8/12/2026, 6:40:03 PM
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