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Oh no, not plummeting property values in Silicon Valley!?!?! If that happens it will only be impossible for me to buy a home here instead of super-impossible

• ende 11y ago
  How many layoffs will Starbucks have to make?
  • gmarx 11y ago
    I don't know. I also don't find this a compelling argument in favor of maintaining absurd valuations
    • jedberg 11y ago
      I didn't say it's a reason to keep the bubble going, I was just saying that more than just the rich people in private equity would be affected by it.
    • rosser 11y ago
      It's not about absurd valuations at all, and that you appear to think it is neatly epitomizes the self-absorbed myopia of the Silly Valley tech scene. How many non-tech people's lives are going to be adversely — and far more adversely than the tech people, at that — impacted by a hypothetical tech bubble popping? (Note the lack of assertion that we're in a bubble; that's not the point I'm here to discuss, and I have no horse in that race. I just think the notion of the fallout of a bubble bursting being limited to tech people and private money is not merely ludicrous, but offensive.) But they can't code, so why should we care about them, right?
• jedberg 11y ago
  You may not care, but for everyone who has already taken the plunge and has a large part of their net worth tied up in their house, they might care. Especially if they have a mortgage that will then be underwater.