https://twitter.com/saylor/status/1671984441223258114 Saylor finally getting on #teamrand0 with calling out the RE bubble. Better late than never. The orange pillers really misunderstood this asset class but hey recency bias and group think are hard to overcome
Discussion
However, it means far less to call it out now after it’s clearly going down already. Perfectly calling the top meant a lot more. The orange pillers were promoting everyone but at the top and saying it would always go up. Let’s not try to revise history. A lot of ppl got rekt the last 2 years by fomo’ing in based on this bad advice. Everyday I’m impressed by the level of stupidity that remains in RE. There is still a lot more pain to come.
Buy*
