On 3/1/07, Joshua Zeidner <jjzeidner@gmail.com> wrote:
On 3/1/07, Joseph Sinclair <plug-discussion@stcaz.net> 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
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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