You may have been smart if you bought EBay stock early on, but you were virtuous and responsible if you bought property as early as possible in your adulthood, and now you are being rewarded for your upright character. There is a tiresome provincialism and self-righteousness to the real estate bubble. Partly because we got so burned by abstractions and by talk of the brave new world, the current exuberance is mind-numbingly concrete - centered on one’s own nest and the obsession with remodeling it. The exuberance then, when people droned on and on about how much money they’d made on Cisco or, was all about technology shrinking the world, in ways real and imagined. People who drone on and on about how much money they’ve made on their house - and some days it seems hard to get anyone to talk about anything else - really make me miss the last bubble.
