I wasn’t debating on whether .com causes the RE bubble. I was just saying engineers do not get paid as much as you think they do. In regards to the .com causing the RE bubble, I think it does. Not because of the “high” engineering wages, but because a lot $ were made in the market w/ .com stocks. That’s much more substantial than engineering wages. That money got put into RE when .com start crashing. That’s what I think cause the start of this bubble and easy $ carry the rest of the way, just like you said.
