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Of course the bubble will burst. It's what bubbles do. That said, the idea that SF will plunge into Detroit levels of destitution is preposterous. Even if tech
by barakm 14y ago
Of course the bubble will burst. It's what bubbles do.
That said, the idea that SF will plunge into Detroit levels of destitution is preposterous. Even if tech leaves the bay entirely and money flows entirely elsewhere, more people will rather live in CA then MI, on spec alone.
A flair for the dramatic indeed. I join my fellow commenter in calling this link-bait.
(And for practical critique: I 100% agree with your premise that the bubble will burst and the Valley will lose its hacker panache, relative to other locations. Beware the dramatism, because therein lies the rub.)