Excellent article!

I lived in San Francisco when the rental on our flat next to GGP was $600 per month. Today, more like $4000. We loved SF, wife and I, still do. But it appears more like Shangri-La now, than Northern California.

Money has always been an abstract concept. Lift the box, put it down over there - worth $14.75 per hour. Able to code a program that generates images of humans killing millions of aliens per hour (in color) - worth north of $250K per year.

Is a beer at the ballpark actually worth $17.50 or is it because of the $30million per year salaries that a day at the park with daughter tallies north of $200 for cheap-ish seats and a little food and drink?

We all live year to year in a bit of a financial haze. We're 90 years removed from a Depression that cut the world down at its knees, when there was no TV, no air travel worth stepping onto, no condos, SUVs, money market accounts, iPhones, computers, et al. And we think this will continue unabated forever. I truly wish that were the case.

It's hard to push away the $2million check someone is handing you for your condo - because you paid $84,000 for it in 1981. It's hard to not take it and run. And yet --- what should we do?

Thought provoking piece. Cheers