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Who Will Be Hurt Most When the Tech Bubble Burst? Not VCs | Hacker News
"Uber moved from $17 billion to $40 billion between the two funding rounds within six months"
That's about as open and shut as it it gets as to why we're in a bubble.
uber  bubble  it  idiots 
5 days ago by hellsten
Filld – On-Demand Fuel Delivery
Filld fills your gas tank at the press of a button
bubble  from twitter
13 days ago by josch
Tim Harford — Article — Why a house-price bubble means trouble
"It would be nice to report that buyers and sellers are paragons of rationality, and the housing market itself a well-oiled machine that makes a sterling contribution to the working of the broader economy. None of that is true. House buyers are delusional, the housing market is broken and a housing boom is the economic equivalent of a tapeworm infection."

"Back then, paying off your mortgage was a sprint: a few years during which prices and wages were increasing in double digits, while you struggled with mortgage rates of 10 per cent and more. After five years of that, inflation had eroded the value of the debt and mortgage repayments shrank dramatically in real terms.

Today, a mortgage is a marathon. Interest rates are low, so repayments seem affordable. Yet with inflation low and wages stagnant, they’ll never become more affordable. Low inflation means that a 30-year mortgage really is a 30-year mortgage rather than five years of hell followed by an extended payment holiday."
UK  economy  housing  property  crisis  bubble  economics  prices  inflation  debt  affordability  interestRates  dctagged  dc:creator=HarfordTim 
4 weeks ago by petej

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