3 ms·

Could be good for real estate prices too... If you're on the buy side.

• romanhn 11y ago
  Didn't happen last time, as capital fled the imploding tech sector and flooded into real estate, causing the prices to balloon rapidly compared to prior years.
  • donkeyd 11y ago
    That's very interesting, do you know if there are any articles about that?
    • romanhn 11y ago
      There is a small blurb here: https://en.wikipedia.org/wiki/Causes_of_the_United_States_housing_bubble#Dot-com_bubble_collapse https://en.wikipedia.org/wiki/Causes_of_the_United_States_ho.... It leads to an article by Robert Shiller called "The Bubble's New Home" (Google it to get around the paywall) as well as his classic book "Irrational Exuberance".
      • donkeyd 11y ago
        Thank you!
    • duncanawoods 11y ago
      Interestingly, this fact is used in the The Big Short as Michael Burry's insight for spotting the housing bubble and beginning the short. There is plenty of artistic license in that film so I don't know how true that really is but its quite exciting for small counter-intuitive "surprises" like this to be the early indicators for massive global events.
      • donkeyd 11y ago
        Thanks for the tip, I will check the book.