Re:Secondary shops flooded with unicorn sellers
by shostack on Friday February 19, 2016 @05:31PM
(#11137221)
Do you have data to support that a few unicorn valuations being corrected will spread to the rest of the economy, particularly housing and not just be largely limited to private markets and investors?
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Re:Secondary shops flooded with unicorn sellers
by danjayh on Friday February 19, 2016 @05:42PM
(#11137289)
Yes and no. With regard to spreading, just prior observation that adjustments tend to spread. With regard to housing, the observation that the median home price : median income ratio is now above 5.2x, while at the last peak it was only at ~5x. The rate of growth is lower this time, but I don't think it matters because the ratio is still really bad.
http://politicalcalculations.blogspot.com/2015/04/the-curren...
Re:Secondary shops flooded with unicorn sellers
by pfarnsworth on Friday February 19, 2016 @05:47PM
(#11137326)
During the last bust home prices went up not down. Because investment rotated from stocks to housing. Why won't that happen again, especially with ZIRP?