Bugs, I like the theory that information availability will flatten the cycles in the future, it has merit and I have never heard or read anyone bring it up. Past cycles have always come when the memory of the last has faded or a new demographic who missed the last one comes into power, it has always started again. Sure they know of the ups and down of the past but they have very few facts about it. You make a valid point as I remember being a loser in the downturn that started in 1992 and a winner in the upswing that started in 1998, none of it was based on facts available to me, just advice from people and my limited research. If the internet was what it is today in 1992 I may have not purchased and in 1998, I would have not sold a rental property. It can be chalked up to hindsight but to be honest there was no easy data for people like me who are not in the real estate industry. The information available today changes everything, or does it?
You really need to write a book bugs, I’m thinking of titles, porky pigginton and bugs bunny or the ACME anvil company is the internet and it flattens the Wile E. real esate bubbles, these are still in the rough draft phase of course.
