Rebel Capitalist News They Just Turned The Real Estate Market Into A CASINO
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Nov 14, 2025 George dives into the controversial shift of real estate into a trading platform, highlighting how it promotes speculation rather than genuine value. He questions the stability of rental income against high-growth stocks, warning that management fees may conflict with investors' interests. The risks of inflated prices in secondary markets and the implications of financializing housing are thoroughly examined. Ultimately, he argues that this model may be a façade for retail investors and urges a return to direct real estate investments.
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Real Estate Turned Into A Casino
- George Gammon warns startups are turning real estate into a tradable casino by tokenizing rental homes.
- He says this mixes dot‑com speculation with housing bubble dynamics, creating fast speculation on slow assets.
Real Estate Cashflows Are Slow
- Gammon emphasizes rental properties produce stable, slow cash flows unlike high‑growth tech stocks.
- He argues little upside exists because rents rise slowly and many markets are seeing rent declines.
OpenDoor Experience Shapes Skepticism
- George Gammon recounts his experience spotting scams like OpenDoor and Chamath's pitch.
- He uses that background to call Arrived's tech veneer a repeat of past real‑estate tech failures.