Thursday, August 18, 2005

Why I Blog About the Housing Bubble

Why do I devote about 8 hours a week reading and or writing about the housing bubble? There are two main reasons. The below reasons are not neccasarily in order.

  • It is really fascinating
  • I am being an 'economic activist' in the sense that my writings in a very very small way help influence people's actions. I am no longer just sitting on the sidelines and watching. The truth about the housing bubble needs to be revealed to a wider audience. The destructive nature of the housing bubble has gone on long enough. It is time for some economic reality. We need tradables to export to other countries.
What motivates you to read about the housing bubble? Why are you devoting much time to this topic?

12 comments:

  1. You're gonna orgasm over this, Dave.

    http://news.yahoo.com/s/usatoday/20050817/bs_usatoday/homepricesextremelyovervaluedin53cities

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  2. Thanks for the link. seems to be a reasonable study.

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  3. We care about this topic, because it impacts almost everyone we know.

    NYC Apartments

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  4. I care because the price of a decent apartment always seems to hover just beyond my reach, and because I have family members who are trying to raise kids and make ends meet despite huge housing costs. And because I can't stand to see people in the grip of hysteria!

    10 Ways to Burst the Real Estate Bubble

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  5. Economic common sense- that is what this blog and others have to offer regarding housing. I find the frenzy and the foolish and ever optimistc bullishness regarding real estate to be as dangerous as IT in the 90s -its 'different this time'..and 'The stock market has reached a permanent plataeu' in 1929. Both which came tumbling down-along with other bubbles.

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  6. I am intersted for a variety of reasons:
    1) It is fascinating
    2) I am one of those people that own a house in a bubble town (I live on the MD side of DC)
    3) I am considering a move to Atlanta, to be closer to my family, and am trying to figure out when to make the move.I had not planned on moving until next year, but am concerned enough that I am considering an earlier move.

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  7. Dave, I think it is great that you consider yourself an "economic activist" and you have a great site with a lot of good information.I would like to see you play devil's advocate once in a while though,or at least present other viewpoints. I read this blog often and most of the contributors come off sounding as if they are just bitter folks who just want to see some carnage. All fine and dandy, but it really cheapens what you are trying to do, which is present people with information, so they can make their own decision.

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  8. David, the LA Times mentioned your site. Your right on! Best site on subject anywhere! Funny money creates distortions,and tragedy. One is that the US has more homeless than any 3rd world country. The other part of the equation is uncontrolled illegal immigration and strict building codes & zoning where a swat team and bulldozer will pay a visit if you try and build economical housing without a permit. Thats why there is 1000$-$5000-$500,000+ homes around Rio de Janero. You can buy anything in your price range. To complete your education you must takke a good trip around the world. The other is the entrenched landlord class and late night get rich in realestate TV. I hope you can expand into these areas. The first is a true private property law nationwide. "No govt can bulldoze or demolish any private dwelling deemed illegal."
    It can only be noted on the record for the next buyer to note, that permit free building exists. Now when you get that passed the arrogant landlord class will diminish, and the 5000$ home will appear", with NIMBY owners nearby screaming at full capacity. One day it was thought a foolish notion that smokers should consider others. Handicapped people were of course to be ignored. The next barricade is low cost permit free owner built housing anywhere, or RV's,& trailers NOT in parks. New tech handles the waste problems, electric toilets etc. There is no need to have slums. Elliot K.

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  9. "the LA Times mentioned your site"

    Can you please provide a link?

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  10. nope. I am a happy renter.

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  11. elliott, do you know if the lawsuits that would occur in our country if you let everyone build their own home w/o permits etc. The safety of the structure, zoning issues etc. What would you think if I decided to buy the land next to your home and use it for a toxic waste dump? According to your idea it's my land so I should be able to do with it what I want. You don't see any inherent problems in that? Please think a little before posting.

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