Where the FANG Flows

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Just in case you are wondering where all those equity riches that Facebook and Google employees enjoy are going – – look no farther than my morning paper. These are the kinds of real estate ads you see here for mediocre houses in humdrum neighborhoods (that is, these are NOT the nice cities around here). You’re not going to see “Price Reduced” or “Motivated Seller”. No, no, no. Instead, you will see ads from agents showing you just how severely they can stick it to buyers by selling your dump at a far HIGHER price than the already lofty-listing.

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