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Who do you think will take the blame for this bubble?

• Balgair 11y ago
  1 of 3 things: 1) The drought. Though it's part of a longer term trend, the drought will be the cause for everyone moving out. Expect memes about having a swimming pool or watering your lawn back east. 2) Mortgage brokers again. Housing in the Bay is crazy right now, just as it was in 2008. Expect them to be blamed once more. 3) Brogrammers. Idiot kids from B-list Ivys, Duke, or the like came out to the Bay, were very bro-y (sexist, racist, drunk, foolish, etc) and killed the golden goose with their bro-ness. If the rest of the US really takes a hit, expect stuff about 'too big to save' instead of 'too big to fail'. This is real bad and I hope it does not come to that.
  • atom-morgan 11y ago
    You seem to be implying the higher education bubble is restricted to or concentrated within the tech scene in California.
    • Balgair 11y ago
      Thats a much more complicated thing. I don't think the higher ed bubble will pop quite as publicly as the Social-techy bubble will. Law schools serve a better example for the pop and what it'll look like. What I'm saying is that the techy-Social bubble's blame may fall on the brogrammers as an emblem of a larger and more complex problem. Suffice to say though, I think most people on HN these days are competent enough to know there is a bubble and the end is not 5 years out, but less than 2
• fweespeech 11y ago
  Take the blame? The Fed & the [Insert Political Party Here] Who is really to blame? The structural problems in the way we handle things in general :p