October 23, 2023
Current state of the housing market:
An “inactive meth lab” was just listed for sale for $1.55 million in San Jose, California.
For nearly $1.6 million, you can buy a home that is effectively a tear down with a built-in meth lab.
The worst part?
They just raised the price by… pic.twitter.com/7IctNz9EH2
— The Kobeissi Letter (@KobeissiLetter) October 23, 2023
This is like buying dungarees with holes in them for top dollar at the mall & purchasing a vintage mink stole in a thrift store for $30.