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As a Silicon Valley professional for years before the dot com boom, I saw the dot com bust coming. I lived right in the thick of it all. You couldn’t help but see it. But that didn’t stop it. Thankfully, I moved to a more affordable area before it all came crashing down. And many of those who panned for gold in the dot com gold rush moved on to other things after the bust.  

As a new homeowner who conservatively chose to only spend what we were comfortable spending, and not what we qualified for (thanks to my wise hubby), I was glued to every episode of HouseHunters. I saw the future of the real estate bubble - I mean how did so many of these people think they could afford these houses? I used to sit on my couch and gasp at the prices people were willing to pay in California. As a native Californian, I knew what was affordable and what wasn’t. But the banks and real estate professionals, who had much to gain selling these homes, whispered in people’s ears that they could afford it. And it wasn’t exclusive to California. Obviously, now we see that it was a nationwide problem. So sad to see so many lose their homes.

So, I've been noticing the escalation of education, where ordinary folk are now on their way to earning PhDs just because they can. Everywhere you look, educational institutes promise higher education speedily and affordably. Looks like the next bubble to burst to me. And I'm not alone. There have been several articles in newspapers, magazines, and online recently. Naturally, those affected are reacting to it negatively. But google this article on Tech Crunch: Peter Thiel: We're in a Bubble and It's Not the Internet: It's Higher Education.  

For some reason, we keep swinging from extreme to extreme. And what seems to be good for one, suddenly seems good for all. And that's when the problem strikes. There is value in education, owning a home, and technology. But when everybody jumps on the same ship just becomes it's the ship that's sailing and not particularly the right ship, it's bound to sink. Sometimes we have to wait for our ship to come in before we climb aboard.  

The other ship everybody's jumping onboard? Writing. I'm not sure many are making a lot of money at this, except for those teaching classes on how to write. Unfortunately, the writer's life has been glamorized and the "overnight success" stories have made it look like fame and fortune is  just a keystroke away. But this situation will eventually "right" itself - lol! Once people see how hard it is to pursue the path to publication and live the life of a writer (i.e. "write") day after day, year after year, they'll move on to the next new thing. As they say - "write only if you must" - better to do something else if you can. And I ask myself that question every day. And then sit down and write another day. Until the day I don't.




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