Oddbean new post about | logout
 I just had a look at the listing… for that 11.6M you get something that is just “Liveable and tidy”… 🤣 
 Yeah it’s nuts, these are just money laundries at this point. There’s no connection to real markets, it’s just parking large amounts of cash in real assets so it can’t be confiscated/debased.

I get why so many people are upset, there’s no future like this 
 It’s fucking bananas (looking from the outside) 
 Unless you’re a Boomer who bought for $50k in the 1970s and are now sitting on $2 million in equity, we are basically all on the outside. 

I occasionally stop by auctions just to watch and it’s nuts to see