On 3/1/07, Joshua Zeidner wrote: > > On 3/1/07, Joseph Sinclair wrote: > > > Bubbles actually have nothing to do with money, they're about emotions > and herd behavior, the internet had very little money in it when the last > bubble began, it was the *perception* of "Dot Com" companies as growth > opportunities that drove the frenzy. > > > > I was working on Wall St. from 2000-2001. I saw the financial > aspect to the dot com boom first hand. The true story of the dot com > bubble remains to be told. One aspect of it that is not commonly > reported is its correlation to activity in the telecom world. Much of > the rapid growth was entirely predictable given knowledge of telecom > and the changes brought by regulation and new technology such as fiber > optics. So the boom was not all smoke and mirrors. > > What is interesting is that given this interpretation of history, > the telecom industry could be said to be regressing to the state it > was in prior to the dot com bubble. Real estate and telecom are > related in very complex and interesting ways. Real estate is about > the control of space, and telecom is about transcending it. Ponder > that and you can understand many trends in both RE, Internet and > Politics. Net Neutrality, is in certain capacity, a force to > dislocate Real Estate capital. > > -jmz > > > ps. what ever happened to the Tempe Municipal Wireless Project? > > -- > [...] > JOSHUA M. ZEIDNER > IT Consultant > ( 602 ) 490 8006 > jjzeidner@gmail.com > --------------------------------------------------- > PLUG-discuss mailing list - [...] > > Real estate and telecom are related in very complex and interesting ways. yeah. Big time. > Real estate is about [...] Right. As an example, some folks pay more to live close to work, or (if "applicable") (if they need to) close to an airport, train station, or bus stop, etc. (near [good] schools, shopping. . .) - not just due to gas prices, but also because their time is valuable. Plus maybe other reasons. All that stuff (and interest rates, taxes, etc) affects real estate prices. > the boom was not all smoke and mirrors. The world is indeed different than a decade or two ago. There are many reasons, but among them are, cell phones, computers, the internet, and globalization. People who are trying to make decisions, whether about investing, [business], or about what kind of career move to make, or even what to "major" in, are always aiming at a moving target. I guess we all just have to get used to it, or rather "join the club", of those who may well find it hard to get used to anything - because things change so much / so fast. The rapid pace of change (tech and social, "e.g."), does not seem to be slowing down. More like, speeding up. > ps. [...] the Tempe Municipal Wireless Project? As far as I know, they are still planning to go ahead with it. (Is there some schedule that they are "behind" on?) -- Mike Schwartz Glendale AZ schwartz@acm.org Mike.L.Schwartz@gmail.com