During the dot com bust - they began building Santana Row, on the site of a very old shopping center called Towne and Country. The developers wanted to revamp

During the dot com bust - they began building Santana Row, on the site of a very old shopping center called Towne and Country. The developers wanted to revamp the site to take advantage of all the tech money and provide upgraded experiences etc... While they were in the middle of building it - the bust happened. Then, one of the largest buildings that was ~65% complete or so caught fire. It was HUGE - I think it was an 11 alarm fire.... There was a crap ton of speculation as to how this happened - and the prevailing theory among many I knew at the time (I lived right down the street and actually stood across the street watching the thing burn down for a few hours) - was that it was insurance fraud to recoup some of the investment in the multi million dollar development due to the fact that its demographic was now largely out of work. Obviously they did fine eventually, but lots thought it was an opportunistic attempt to take advantage of the situation. As an aside, not too long after that, I had a pool aprtty at my place for all the tech people in our circle. 65 people showed up and out of that, only 2 were still employed. The tech industry is a hell of a lot more resiliant this time - as actually many of the service provided are actually of great value to those stuck at home or unemployed. So this collapse will be nothing like the dot com bust. However - the wealth transfer this time will be far greater than the 2008 collapse. The next Black Swan [0]: [0] - https://youtu.be/NEnuWv38urI https://youtu.be/NEnuWv38urI