Sort of funny that we regard this to be completely insane (and I still do) for cars, while we regard it to be the normal sequence of events with housing.https://twitter.com/sam_a_bell/status/1424686707752964101 …
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Cars are mostly bought and sold these days with auto finance that moves with financial conditions in largely the same way mortgage finance does, you can rent cars to people out and the returns (and prices) should be mediated by supply, demand and returns to other investments.
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An industry spends decades making a consumer good as much like an asset as possible and then it starts behaving more like an asset and people are likepic.twitter.com/tIMHX7nDrZ
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Replying to @Birdyword
The next logical step is to start living in our cars
9:44 AM - 9 Aug 2021
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