Its just my intuition at work here, or maybe not …
But do houses in remote areas and with weird useless features like heated and cooled door knobs or motion detecting mirror lights tend to go waaaay up in price over the less glamorous but practical houses like close to job centers and simple basic good areas but nothing in cool factor in markets that are shooting up. And the reverse happens in down markets. Aka useless remote crap crashes, and the well located and practical ones hold up far better.
The comparison I’d make is, stock of webvan and Pets.com were selling for much more than Bank of america or dupont in the tech boom. Its a fuzzy analogy but I cant think of any better.
Cool.
Cow_tipping.
