"No one can see a bubble. That what makes it a bubble." -The Big Short, the movie
Are we in for the Big Short II? The cyclical nature of markets spells an eventual collapse of the real estate prices in the U.S. following the next global stock market meltdown and global recession which will be drastically different the next time around. For one, the coming collapse is about to start a secular declining trend in property values. Secondly, after the collapse, the prices of properties won't be able to recover like they did after the previous "property market corrections."
Why? I hope we all may agree that oil, for example, will never recover to all-time highs. Similar premises hold true for the existing home values. There are multiple major socio-economic structural changes on the horizon contributing to this permanent decline which is in the cards right now. Also, many conventional linear projections won't even apply anymore.*
"A drop becomes the ocean, and at times, the ocean becomes a drop." -The Dominion's Entity, 'Star Trek: Deep Space Nine'
Just like the hyperconnected neurons of the 'Global Brain', a worldwide neural network of billions of superintelligent machines and enhanced humans, as well as trillions of sensors of the Internet of Everything around the planet, we're destined to emerge as a syntellect, the Singular Global Mind. That sometime by mid-century would arguably constitute the Cybernetic Singularity which is going to propel our networked Global Mind, and you and me as her constituents, to a new state of the holoptic consciousness -- advanced planetary consciousness.*
"I am not a thing — a noun. I seem to be a verb, an evolutionary process — an integral function of the universe." -Buckminster Fuller
The term 'Infomorph' was first introduced in "The Silicon Man" by Charles Platt in 1991 and later popularized by Alexander Chislenko in his paper "Networking in the Mind Age": "The growing reliance of system connections on functional, rather than physical, proximity of their elements will dramatically transform the notions of personhood and identity and create a new community of distributed "INFOMORPHS" -- advanced informational entities -- that will bring the ongoing process of liberation of functional structures from material dependence to its logical conclusions. The infomorph society will be built on new organizational principles and will represent a blend of a superliquid economy, cyberspace anarchy and advanced consciousness."
The new post-Singularity system will inherit many of today's structures but at the same time will develop new traits beyond our current human comprehension. The ability of future machines and posthumans alike to instantly transfer knowledge and directly share experiences with each other will lead to evolution of intelligence from relatively isolated individual minds to the global community of hyperconnected digital minds.*
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