Friday, July 29, 2005
"A Housing Boom Built on Folly"
I always enjoy reading a well written article, in this case a Yahoo Finance article that talks about the bad effect the housing bubble has on technology investment. When 35% of all new investment is spent on speculative housing construction, investment in technology takes a hit. What should be our future: investing in education and technological innovation, or in the speculative housing market? I prefer the first choice!