I know orange pillers who were saying RE will only go up at the top are like come on rand0 why hasn’t it crashed yet? I’m surprised the over extended normies are hanging on this long, but it’s still obviously going down. I still obviously called the top, regardless of the cope and revisionist history. I like this one house and the guy already basically down $200k in a year and still cant sell.

Discussion

It’s kind of amazing how many bad calls orange pillers made from 2020-2022 😂
Listening to orange pillers on RE was like listening to any other Tom, Dick, or Harry. Just parroted talking points based on recency bias. Based on emotion. It was just horrendous to tweet thru that noise, but someone had to do it
Always know who you are betting against
I make sure to repeat myself so much that even the most ardent orange piller can’t gaslight me and put me on their side too
RE is the dumbest money with the most leverage . It was the most obvious bubble ever to me lol
It’s not just commercial real estate that is in trouble. That’s cope. Karen’s 10 Airbnb empires are the new subprime
Crash in REAL terms has been going on since the GFC.
Take all the new paper wealth out of the equation and the bubble looks even worse.
Largest malinvestment of all time.