Is this housing boom another bubble? Success comes when you’re good and lucky. Hokie science superheroes.
The Housing Conundrum (Calculated Risk)
The most detailed (and chart-filled) explanation of the latest housing boom I’ve seen yet. There have been 4 surges in house prices since 1970. After the first 2, in the late ’70s and late ’80s, nominal prices did not decline. We all remember the third one in the late 2000’s and the bust that followed. Now we’re in the midst of the latest boom and based on the author’s conclusion, it’s going to be a while before we find out how it ends.
After hearing countless successful entrepreneurs ascribe part of their success to luck, I’m not surprised that research is beginning to back up the anecdotal evidence.
I remember early in the Pandemic when we were getting competing statements from the scientific community about whether Covid could hang around in the air for more than a few seconds. This fascinating story describes the raging debate behind the scenes. Virginia Tech researchers helped upend the conventional wisdom about how Covid-19 and many other viruses spread.
Bonus: 60% of millennials earning over $100,000 live paycheck to paycheck (Business Insider)
Back when I was a young middle manager, my boss’s boss told me “We’re all 2 paychecks away from being broke”. Times haven’t changed.