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Alan Stalcup | CRE Investor
@alan_stalcup
CEO | Multifamily investor with $10B+ in transactions | Breaking down where opportunity exists in this cycle
117 Following    1.5K Followers
Private jets fly empty every day. Hundreds of them. The passenger lands. The plane needs to get home. Those seats are going to waste at full fuel burn regardless of whether anyone is sitting in them. We call them "dead legs". One of the most consistent inefficiencies in private aviation. The operator would love to sell those seats at a discount. The buyer would love to fly private at a fraction of the normal cost. Both sides are motivated. And yet the market still runs through individual brokers making phone calls. Someone needs to build the marketplace that connects operators and buyers in real time. The technology definitely exists. The demand is obviously there. What doesn't exist is the platform.
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Nobody talks about the hidden cost of extreme wealth. At $100 million you buy a $30 million house. You have $70 million left earning 7%. That's $5 million a year in income. Try spending $5 million a year. You actually have to work at it. Now scale that to $100 billion. The house doesn't get proportionally better. You can't buy a $30 billion house. The income doesn't get proportionally more enjoyable. You can't spend $5 billion a year. The lifestyle difference between $100 million and $100 billion is virtually nothing. What does change. At a certain level of wealth you lose the ability to have authentic relationships. Everyone wants something from you. Everyone. You can't turn it off and you can't hide from it. You become a mark. Not a person. The Wealth Ladder is the number one book I give every mentee because it maps this out clearly. The lifestyle benefits between Tier 5 and Tier 6 are virtually none. The detriments at Tier 6 are actually more than at Tier 5. We live in a culture that says “more is better.” I can safely attest that it's not true.
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