The winner is Bay Area homes followed by the S&P 500
This agrees with our earlier commentary. In the smartist era – an era of unending wealth creation and prosperity – people are getting rich not through getting a traditional job, saving for retirement or small business, but by speculating in high-end real estate, buying stocks, attaining a position of power such as being the CEO of a multinational, and web 2.0. Wealth is created by taking risks, creating apps that go viral, being smart and having good ideas. Cheaper is not better, as already expensive Bay Area homes have gotten MORE expensive at a rate faster than cheaper homes.