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.