Originally Posted by
genejockey
At current interest rates, it's more of a parking strategy.
Hence the bubble and subsequent collapse.
Yes, so using the housing bubble as an example where people had gotten burned by abandoning conventional wisdom was therefore pretty weird. Outside of the word "bubble", the dot com bubble and the housing bubble were really opposite sides of the coin. Dotcom was betting too hard on intangible "magic" innovations, the housing bubble was too many people chasing the same very tangible assets, and lenders wildly overestimating the value of the tangible security.