Another tech bubble is close to popping

Rent prices in San Francisco have suddenly shot up somewhere around 50% in the last year. Every time this happens, another tech bubble pops in the near future. Backing this up is Facebook’s stock decline and the continuing general trend of “We’ll figure out how to make money later!”

I predict that we’ll see a big crash in Internet companies before October 2013. In the meantime, it helps keep me happy with my teensy (and cheap) studio apartment in Cathedral Hill.

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