This reminds me of the dotcom times. My mom worked in accounting for Harmonic Inc. when they signed a long-term lease for an enormous campus. That was a risky m

This reminds me of the dotcom times. My mom worked in accounting for Harmonic Inc. when they signed a long-term lease for an enormous campus. That was a risky move during a time in the Valley when prices were high and vacancy rates were low. Much of the campus stayed vacant for sometime. IIRC, what do they call the primary cause of recessions? OXPC - Over eXpansion of Productive Capacity In residential real-estate, which is more inelastic, it makes intuitive sense that supply (inventory) and demand (occupancy + influx - outflux) moves prices more vigorously; look at SF and NYC.