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I did live through both of the last bubbles.[1] That's why I'm suggesting this would be different. I didn't say it wouldn't be felt at all, just that it wouldn'

I did live through both of the last bubbles.[1] That's why I'm suggesting this would be different. I didn't say it wouldn't be felt at all, just that it wouldn't be nearly as bad. are there really a lot of pension funds investing in 0-revenue startups in SV? That seems like a place I really don't want my pension. EDIT: [1] I lost a lot of money on my house that I bought in 2008 and sold in 2014. It sucked. I can't imagine my next house losing money because snapchat goes out of business....

ebbv 11y ago
If it's just one company like Snapchat going under, then sure your house value won't go down because of that. But that's not what we're talking about. We're talking about a bubble bursting. That's a lot of value going out of the economy, and a lot of people losing money. That makes investors in general pull their money back. It creates an economy wide recession.