There will be new competitors. And there will be one or two companies that will take it (memory) in house and eliminate the memory companies out of the picture.
replyThe three greedy memory companies are changing the equations in tech industry and it won’t be in their favor in the long term.
The counterpoint is that that new, and existing, mortgage originators did not fare so well after the mortgage market collapsed in the GFC. During large parts of the housing boom deep in the money mortgages could not be refinanced as quickly as borrowers would like due to capacity constraints at the originator level. Obv, not including subprime originators, where there was arguably 10X the needed capacity.
reply