I see a domain bubble. Domain name sales and prices are climbing at an unrealistic rate, in my novice opinion. The prices being asked and paid are out of sync with the real-world value. As with the dotcom bubble, easy-money-hype is the primary driving force that propels domain prices ever higher. It’s going to burst.
After all, Icann’s Rod Beckstrom says “It is our fundamental obligation to increase innovation and consumer choice.”
Domains won’t dry up, but the hype will.