@pluralistic@mamot.fr this is where I think the stock market & venture capital & real estate market is today. Lots of bets on companies that have never made money, houses destined to burn or flood before the mortgage is paid off, and the people who end up with stock in Uber or a 30 year mortgage in a new home in Paradise will end up the losers when reality in the form of insurance costs & the end of the free money hits. So many companies seem to exist purely due to the sunk cost fallacy.
@pluralistic@mamot.fr this is where I think the stock market & venture capital & real estate market is today. Lots of bets on companies that have never made money, houses destined to burn or flood before the mortgage is paid off, and the people who end up with stock in Uber or a 30 year mortgage in a new home in Paradise will end up the losers when reality in the form of insurance costs & the end of the free money hits. So many companies seem to exist purely due to the sunk cost fallacy.