Like the ostriches, chinchillas, Dutch tulips, miniature pigs, and monorails, alpacas seemed like a good idea at the time.
Known for their calm temperaments and soft fleece, alpacas looked like the next hot thing to backyard farmers. The market was frenetic, with some top of the line animals selling for hundreds of thousands of dollars.
But the bubble burst, leaving thousands of alpaca breeders with near-worthless herds.
All joshing aside, there has been plenty of tragedy to go around, with this alpaca deal. In the story, there are supposedly alpacas being sold on Craigslist for a buck, and one of those interviewed is trying to sell his for $100 each. Back in the day, in the early 2000s, when everyone apparently was high on ayahuasca, alpacas were selling for $10,000 or more each.
For $10,000, an alpaca yields around 150 delicious, albeit shockingly pricey, burgers.
At $100 per alpaca, the equation changes remarkably.
So as much as we hate to see people lose their savings, we are pleased to be able to offer a road map to a practical solution.