The new dot com bubble is here: it’s called online advertising

submitted by Chipit from thecorrespondent.com

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[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Interesting facebook case, thanks for the link.

Interesting you say Europe is facing a housing bubble too. I think it might just be global this time, especially with all the chinese real estate investments all over the globe. The whole global real-estate economy will probably crash in lockstep, it's much more intertwined than it was even in 2008.

[–]Mnemonic 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

In Europe it's based around wealthy peeps buying up houses and renting them out, just the prices of the rents are getting steeper and byuying a house is also getting steeper because peeps see money in buying a house and renting it out... a vicious capitalistic cycles around something that should be more-or-less ordain to have: housing. The crisis has reached a pint in where school-teachers can't afford to rent homes in cities because of their salary and the rent prices... really wicked. A couple early 30ies, dual-earnings can't buy a house in a city.

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

In Europe it's based around wealthy peeps buying up houses and renting them out

Yeah that's happening in the US too. Plus all the people just buying and holding it, with the expectation the value will increase. Treating housing like an investment commodity instead of a place for people to live, is the main problem