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BubbleWatch

By the time you read this, it may already be too late, but here goes. Earlier this week, the WSJ spread the news that business school students are flocking to real estate classes and clubs in record numbers. At Dartmouth's Tuck, for instance, about 200 of the 240 second-year M.B.A.s registered for the real estate elective. The trend has even reached undergraduates; real-estate majors (!?) at the University of Wisconsin have increased by 50% over the past four years. This, friends, is a very bad sign. Do you know how many students signed up for the technology entrepreneurship class in late 1999? Exactly, a shitload.
· At B-School, Real Estate Is the New Dot-Com [WSJ via Realty Baron]