Peter Thiel, the billionaire co-founder of PayPal and one of Facebook's earliest investors, has built his fortune spotting economic trends before they explode. But his latest warning has nothing to do with tech or startups. Instead, he's calling out what he sees as a massive problem in real estate—one that's making it nearly impossible for young Americans to afford a home.
It took me ten minutes to find a Thiel funded startup "developing the first custom home building process that can scale to solve the housing crisis."
Sweaty TechGods are renowned for pushing their own book when not deriding the rest of the world for their ignorance and stupidity.
Thiel's Founders Fund portfolio list is a who's who of companies remaking the world for billionaire profits. Carlyle Group co-founder David Rubenstein's Paxos is on the list as is Joshua Kushner's Oscar Health, Elon Musk's Boring Co-SpaceX-Neuralink, Palmer Luckey's Anduril-Oculus, David Sack's Yammer and Mark Zuckerberg's Facebook
Billionaire TechGods and their understated PEU brethren nearly always are pushing their own book. One just has to look.
