« Modern military ruins…in SF
Walk a mile in *these* shoes. »

The psychology of a commodity bubble

Via DadTalk, a nice essay on the psychology of a bubble.




The author is also a Piggington fan, and posits that San Diego is smack dab in such a cycle:



I’ve always been fascinated by the psychology of groups, and of course we’re renters, so both posts are fascinating to me. I find myself

  • Hoping prices will fall so we can own again.
  • Feeling guilty, ’cause a price drop will hurt a lot of people.
  • Having apocalytpic thoughts about a housing crash followed by (or preceded by) a Peak Oil crisis. Not a great time to bring a child into the world if true.

    • Piggington has very solid data on a bubble:



    Click for source

    so I guess we’ll just have to see what happens. The essays (DadTalk and Irvine Housing Blog) are both excellent and worth a read.

    This entry was posted on Monday, July 23rd, 2007 at 4:58 pm and is filed under Essays - other people, News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

    Leave a Reply