The condo you buy with 30% of your net is going to be worth 30% or more later. T... | Hacker News

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		nacs on April 11, 2023 \| parent \| context \| favorite \| on: Substack Notes Launched The condo you buy with 30% of your net is going to be worth 30% or more later. That's a good investment. Musk spent 30% of his net worth on it then immediatly burned 90% of the already questionable value it had. What Musk did was just bad business.

wfme on April 12, 2023 [–]

> then immediatly burned 90% of the already questionable value it had

citation needed

dzhiurgis on April 13, 2023 | [–]

BBC has some good sources

wfme on April 13, 2023 | | [–]

Hmmm seems that the most recent number is ~20bn [0][1], at least 5x the >90% number quoted by the parent.

[0]: https://www.bbc.com/news/business-65084254

[1]: https://twitter.com/ZoeSchiffer/status/1639737042828673024

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