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A reason for skepticism about this piece: the author includes the claim that the average house will cost $10 million dollars in 50 years. The source of the pre
by huitzitziltzin 5y ago
A reason for skepticism about this piece: the author includes the claim that the average house will cost $10 million dollars in 50 years. The source of the prediction is another medium piece he wrote.
Personally, I think that is a hilariously awful prediction with effectively zero chance of coming true and I would love to take the other side of a bet about it.
A little skepticism of his other claims is warranted.
- Brendinooo 5y ago>if rampant real estate inflation averages 7.5% for the next fifty years, it will send the average house price over $10 million Big if!
- oh_sigh 5y agoIt's also fairly meaningless if minimum wage is $500/hr
- chooseaname 5y agoWe all know minimum wage will only be 18.50/hr by then, though.
- voisin 5y agoYour optimism is unfortunately without basis.
- AtlasBarfed 5y agoWhat are the costs of housing in Europe? I heard once that everyone rents because buying is extraordinarily expensive. I assumed it was old money cartels or all the prime real estate is inherited through centuries.
- quickthrowman 5y ago> I would love to take the other side of a bet about it. You can do this buy purchasing shares of ABNB. I own some, and this article did not change my thesis.
- Apocryphon 5y agoWonder if SF Bay Area homes might actually meet that target.
- jcims 5y agoSeems to be this guy's shtick: https://jaredabrock.medium.com/ https://jaredabrock.medium.com/ Is there anything beyond the 'app' experience that makes Airbnb fundamentally different than VRBO, which was more or less in the same industry since the 90's? All I know is that I can't stand hotels and resorts, and would really miss it if something like Airbnb wasn't available when travelling.