Real estate bubble? The dot-com kind.
Is a real estate bubble about to burst? I was still new to Seattle when the dot-com bubble went bust. The crash lasted from early 2000 into 2004. Internet euphoria had infected investors who put big bets on anything that ended in .com. They lost billions on overvalued companies. Hundreds of dot-coms disappeared while a few survived and flourished. The most notable survivor: Amazon.
It appears that the same scenario is playing itself out again. Only this time it’s happening in the real estate sector. This real estate bubble is the investment kind. The candy that’s irresistible to investors is called technology. “We are a technology company. We are not a real estate company anymore,” Keller Williams co-founder Gary Keller declared recently.[Read more…] about Real Estate Bubble?