The housing bubble was meant to burst ages ago, but due to rich people controlling all the fucking money, no houses have ever gone down in price.
same will happen to RAM, and all the money tied up in AI. too many rich people want it to succeed, so the ramifications of it will continue for the forseeable future, regardless of how useful AI is.
Per rule 6, in the post body, explain your reasoning for your opinion.
The housing bubble was meant to burst ages ago, but due to rich people controlling all the fucking money, no houses have ever gone down in price.
same will happen to RAM, and all the money tied up in AI. too many rich people want it to succeed, so the ramifications of it will continue for the forseeable future, regardless of how useful AI is.
Huh? Lots of houses went down massively in the crash 2007-2010. Not even ages ago.
The “housing bubble” did pop. More specifically the real-estate bubble. And it lead to some 2008 financial crisis and several points of GDP being destroyed. But it probably doesn’t do what you’d think it does? It doesn’t necessarily make houses any cheaper. It first and foremost destroys money.
I agree, albeit it is unpopular here. AI isn’t going to pop. It is, however, going to normalize. It’s a hype cycle, and we’re coming down to the realization in the hype cycle.
However, it’s not going to pop, and much to the dismay of many here, it isn’t going away. Pandora’s box has been opened. Just like photoshop it’s going to find its place in pipelines and its going to settle there. It won’t be everything AI Bros promised, but it will find its place.
In fact, It already is, as an engineer who recently searched for job, you must use AI tooling now in your interviews. It is mandated. If you don’t you will be looked at like the engineers who refused to use GUI designers in the early 2000s, or engineers who refuse to use docker and use shell scripts to deploy locally from your computer. You are going to be left behind. That may be a moral choice, but the tradeoff is being turned down for work. How do I know? Because I was turned down. Now I use Claude code, got my job, and pretty much use it daily for work. It found where it’s useful.
Is the bubble contracting? Absolutely. Is it going to pop violently? Probably not.
Housing will burst someday, but it’s impossible to tell how many years it will take.
Housing isn’t in a bubble. Construction hasn’t kept up with demand in most areas, and even though COVID was a while ago now, the pause can still be felt in housing. COVID also made rates absurdly low which led to less turnover in home ownership, people with a sub 3.5% rate can’t afford an equivalent house elsewhere. Markets that saw massive building have actually seen prices dropping now, markets that aren’t extremely popular are also seeing prices stall or go down. NYC and LA aren’t getting cheaper anytime soon unless millions of people want to stop living there.
I think it’s much worse than that.
The USD is the bubble that’s going to burst, and it’s already doing so.
The economy is already worse for 99% of people because of AI. Same is true for housing. Its that they only call it a burst bubble if the effects reach the 1%. However, they live in a welfare state guarded from any losses. If you want your problems to matter, you have to have money.
