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Stuff like this combined with the general credit bubble is giving me the feeling the Next Big One is going to be 10x worse than '08.
by aphextron 9y ago
Stuff like this combined with the general credit bubble is giving me the feeling the Next Big One is going to be 10x worse than '08.
- 1_2__4 9y agoIt will be. Especially in the Bay Area.
- kwelstr 9y agoI think it will be 10x worse than the 90's tech bubble. I was there, it was painful.
- lazzlazzlazz 9y agoWhat precisely makes you think it will be 10x worse?
- TuringNYC 9y agoMy bigger question would be how much housing prices and rent would go down. They tend not to go down as much due to subsidies and stickiness. Absurd housing costs are the key thing keeping me away from the bay area, but it is so bad I'd need a 50% drop to make it close to reasonable.
- whatnotests 9y agoThey won't go down while Chinese and Indians are moving in.
- quoquoquo 9y agoso what about the greedy white people that sell to newcomers at inflated prices in turn pricing out their "own"?
- whatnotests 9y agohttps://en.m.wikipedia.org/wiki/Whataboutism https://en.m.wikipedia.org/wiki/Whataboutism
- ameister14 9y agoI wouldn't worry about it too much- this entire worldwide market is worth 1/200th of the US stock market
- wheelerwj 9y agowhich is worth 1/200th of the valuation of SF unicorns..