The two “home businesses” mentioned in the title are running in first and second place in the all-time list of bubble business, according to me.
On the first you might tut, but indeed it does exist, mostly as a UK enterprise/phenomenon (Google it if you don’t believe me, don’t take my word for it).
In other bubble news, the condo project that for the past few years has given Tempe, AZ it’s Beruit-like look and feel (without the pleasant Mediterranean breezes) failed to stir up any interest and went back to the lender at auction.
Housing Doom informs us that there were bidders present, but apparently no greater fool stepped forward.
(In any lineup, the greater fool is the one that stays put when the others step back.)
Now if you’ll excuse me, I have a some mortgage equity to withdraw, a Hummer to lease, and many a Starbuck’s bull-shit-acino to buy. Charge!