The Juice Is Loose: A Brief(ish) Intro to Loose Cash and Housing Speculation

A friend of mine, reading Bloomberg News’ recent exposé of $120M-funded startup Juicero – makers of a $400 Wi-Fi enabled juicer that simply squeezed out prepackaged bags of juice also sold by Juicero – recently pointed out that, “at least [fraudulent blood-testing startup] Theranos was pretending to solve an actual problem.” The Juicero machine was clearly geared toward buyers with enough cash to purchase a shiny object that had nowhere near the use value to justify its insane price tag.

Unfortunately, much of our housing supply appears to serve the same purpose. Continue reading “The Juice Is Loose: A Brief(ish) Intro to Loose Cash and Housing Speculation”

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