Silicon Valley will be hit hard; it is the center of the bubble economy. I forgot where I read it, but it makes sense to me: along with overinvestment in housing, stock buybacks, private equity buyouts, etc., we have overinvestment in communications — software, Internet, mobile phones — of which Silicon Valley is the center.
If things get tough, economically, as I know they will, how important will be blazingly fast downloads, countless iterations of search software, etc.?
Nope, Silicon Valley will be ground zero for the decimation as stock and bond prices fall, causing pension funds to pull back their money from ultra risky venture capital and private equity, as the market for IPOs disappears, etc.
Rent and save. Next year, you will be ecstatic that you did.
