On: Where Are the Tech Zillionaires? San Francisco Fac...

[umeshunni]

Exactly. Why exchange one inflated asset for another inflated asset when you can cash out and keep them in T-bills (or even a broad ETF), instead.

[leet_thow → umeshunni]

Plus I figure the majority of people who have significant gains likely vested around 2011-13 and are closer to middle age now like myself and are thinking about family and retirement, not wine cellars and penthouses.

[brij0102 → leet_thow]

wine cellars and penthouses can definitely be part of retirement :)

[whb07 → umeshunni]

Talk about burning money. Treasury bills are returning negative real rates.

Back in the 80s there was a brief window where treasury bills hit close to 15% and that’s because they were thought to be suspect.

Perhaps we should get back to rationality and start suspecting that massive deficits and printing Monopoly money isn’t so good for the future.

[fullshark → umeshunni]

Well you can actually live in one of them.

[raverbashing → fullshark]

If you suspect the price of the asset will go down, then it's better to rent than to buy it