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
> ---------------------------------------------------
> 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
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