The housing bubble was meant to burst ages ago, but due to rich people controlling all the fucking money, no houses have ever gone down in price.
same will happen to RAM, and all the money tied up in AI. too many rich people want it to succeed, so the ramifications of it will continue for the forseeable future, regardless of how useful AI is.
The housing bubble topped in 2022.
Its currently crashing significantly from all time highs in about half the country.
You are just factually wrong about housing prices.
~30 million families who bought homes basically from 2022 and on are all gonna be at risk of foreclosure.
… Housing bubble is already popped, its just not crashing instantaneously, nor perfectly evenly everywhere. It’ll take around half a decade, minimum, from here, to play out fully.
AI bubble will pop.
It arguably already is, with so many tech companies that paid so much LLM services, and then they figured out it couldn’t do that much or was not worth the investment, so now they’re massively cutting head count, to lower paid out wages, so they can maintain solvency / profit margins.
Only about 1/4 of the planned build out of AI data centers are… actually any kind of underway. The financing for the other 3/4 is basically falling apart right now.
Now… do these things mean that prices generally in these industries will go back down to being generally affordable for the average person?
No.
… why would it?
You come out of a crash at a new equilibrium, with a fundamentally different structure to the economy.
That structure will essentially be techno-feudalism.
You know, either the upside or downside of the K.
Hyperwealthy vs. you will own nothing and be happy.
The stock market may also continue to rip upwards.
… But not if priced in other currencies, other vital commodities and trade goods.
Go look at a graph of DJIA priced in gold, over the last few years.
https://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart
See we’re now also, currently, having a massive financial crisis, government debt crisis, consumer debt crisis… and monetary crisis, all at the same time.
You know what a stock market historically does in hyperinflation?
It hyperinflates.
Either to the point that it eventually implodes along side a whole bunch of concurrent financial fraud (basically), or the monetary crisis becomes so severe that the currency gets reset, revalued, replaced, and thus the stock market also gets basically reset.
If you haven’t heard about half the stuff I’m talking about, well, that’s because the media isn’t covering it so much, whole lotta absolutely insane shit going on these days, and also… they longer suckers think this isn’t all gonna implode, well, thats more bagholders for when the rich and connected decide its time to ‘strategically reevaluate their invesements.’