Fully possible to square those two things. Like, if you were young and you knew even trivial things about how much your parents or relatives earned, you might have thought “how can they afford this new house” but then see others getting new houses and assume that your own limited knowledge is at fault, when in fact the situation was a mix of irrational exuberance, ignorance, greed, head-in-the-sand avoidance, blind eyes turned to fraud, and absurd rates of commission and mis-selling, and your naïve common sense interpretation was correct.
In retrospect it seems that one of the hallmarks of a property boom is people being persuaded they can afford mortgages they can't, or persuaded to round up, pad their application, and willing naïve people lining up to be sold stuff they can't afford, out of an urge to take advantage of what is being sold as a golden opportunity.
In this bubble, one of the hallmarks is CEOs pressuring employees to use AI, urging suppliers to sell them AI solutions they can report to their investors, etc.; people are eager to buy things with fully unproven value out of an urge to take advantage of what is being sold as a golden opportunity.
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Fully possible to square those two things. Like, if you were young and you knew even trivial things about how much your parents or relatives earned, you might have thought “how can they afford this new house” but then see others getting new houses and assume that your own limited knowledge is at fault, when in fact the situation was a mix of irrational exuberance, ignorance, greed, head-in-the-sand avoidance, blind eyes turned to fraud, and absurd rates of commission and mis-selling, and your naïve common sense interpretation was correct.
In retrospect it seems that one of the hallmarks of a property boom is people being persuaded they can afford mortgages they can't, or persuaded to round up, pad their application, and willing naïve people lining up to be sold stuff they can't afford, out of an urge to take advantage of what is being sold as a golden opportunity.
In this bubble, one of the hallmarks is CEOs pressuring employees to use AI, urging suppliers to sell them AI solutions they can report to their investors, etc.; people are eager to buy things with fully unproven value out of an urge to take advantage of what is being sold as a golden opportunity.