Housing is a bubble, but we won’t see problems until the boomers start dying off in quantity and there aren’t enough people to buy/rent their properties.
All real estate will start being devalued and it won’t matter if private companies are snapping up the vacancies.
Failure of a retailer isn’t necessarily quite the same thing as a bubble though. I witnessed the kind of failure you’re talking about most recently with Fry’s Electronics. I was out of pocket following major surgery for a year, when I went back to Fry’s it was like “Oh, holy hell, what happened?”
Well, their distributors cut them off, they tried to move to a consignment model, and the only stuff they had in any quantity was Gatorade and toilet paper. 😉 Man, if only they had made it to Covid! They could have…
😎
Cleaned up!
“Only” 10 years makes it sound shorter than it should be. 10 years is way, way longer than any bubble should last.
“an economic, asset, market bubble lasts for about 5.6 years or about 67.5 months. 98% confidence interval indicates a range of 3.1 years to 8.15 years. Thus, as per the data, there is a 98% probability that a bubble should have an age of 5.3 years ± 2.53 years.”
p.s. I love that their data goes back as far the Tulipmania in 1634-1638.
More on that in the excellent book “Extraordinary Popular Delusions and the Madness of Crowds.”
(Public Domain!)
“The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. And I knew we’d get into that rotten stuff pretty soon. Probably at the next gas station. We had sampled almost everything else, and now— yes, it was time for a long snort of ether. And then do the next hundred miles in a horrible, slobbering sort of spastic stupor. The only way to keep alert on ether is to do up a lot of amyls—not all at once, but steadily, just enough to maintain the focus at ninety miles an hour through Barstow.”
Hunter S. Thompson - Fear and Loathing in Las Vegas
“after a review of the evidence that was gathered, it was determined that the person of interest needed to be released.”
Just sayin’, maybe you review the evidence BEFORE you name someone a person of interest and arrest them?
Oh yeah, FUNCTIONALLY, the house is fine.*
*“fine” defined as “built in 1951 so there is not a single ground wire in the entire house so we have 4 GFI outlets for the important stuff.” 😉
That’s the minimalist basic plan, yeah. Hoping to do something complimentary above the bookshelves though.
What they did was staple a horizontal slat, then some extra vertical slats, and painted the bottom half of the wall blue.
It’s all plaster except for the crappy wood slats they stapled on. LOL.
I found some old photos from before they did this, it was a perfectly fine wall. Maybe a little plain, but fine!
Not a bad idea, a bit beyond me doing it, but that’s what contractors are for! 😉
2009 they were waving sheets of paper at Obama they called “The Republican Health Care Plan”.
On examination, the sheets were blank.
Nothing has changed.
Crystalline / Holographic storage has been hyped since the 80s… still not production ready.
“a 5-inch glass platter.” Found the weak point…
Oh, oh! That’s not a brand sticker, it’s a display screen! Nice!
That needs to be on a t-shirt or something!
You don’t, it’s a ball for a dog. Whatever shape it’s in now will be infinitely better than 2 seconds after the dog gets a hold of it. 😉
Mathematically, music is getting less complex:
If it can happen there, it can happen anywhere…
The writer and artist did another book for Dark Horse that was glorious:
I’m sensing a theme. 😉
Modos is promising 60hz but on an eInk monitor, not a tablet. I don’t see a tablet hitting that spec any time soon.
60hz is coming which would be fine, but author is saying “old” tablet so that could be anywhere from 1hz to 20hz and that’s not going to fly for a monitor.
As a parent, I’d feel that I had failed on some fundamental level. That our kid reached a point where taking their own life was a more viable option than talking to me? Yeesh.