The Prof G Pod with Scott Galloway The Virtual Real Estate Boom, plus Supersonic Travel — with Kathy Savitt
Feb 17, 2022
Kathy Savitt, President and Chief Commercial Officer of Boom Technology, joins to discuss the ambitious revival of supersonic travel with the new Overture aircraft. She shares anecdotes about the Concorde and highlights innovations aimed at making air travel sustainable and accessible. The conversation also dives into the speculative nature of virtual real estate, exploring its potential as a new investment class amid rising housing costs and economic challenges. Savitt emphasizes the importance of a cautious approach in navigating these new frontiers.
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The Housing Hallucination
- The American dream of homeownership is becoming a hallucination due to rising prices.
- This lack of churn in the housing market hinders economic health and opportunity for younger generations.
Youth in Volatile Markets
- Young people are turning to volatile assets like crypto and meme stocks.
- They seek alternative investment opportunities due to traditional markets being inaccessible.
Virtual Real Estate's Allure
- Virtual real estate combines the perceived stability of real estate with the hype of crypto.
- This makes it attractive to younger generations locked out of the traditional housing market.