Are housing bloggers prematurely crying, "The sky is falling"? One blogger thinks so. Also, chatter heats up over ads on a new science blogging network, and a young entrepreneur blogs his fall from grace.
Sorry To Burst Your Bubble…
If you follow real estate news – or track real estate blogs – trying to read the housing market tea leaves may appear to be about as useful as asking a Magic 8-Ball to Pedict whether the bubble will burst.
Does anyone really know?
Many bloggers think they do. For example, Bubble Meter, “a blog dedicated to the premise that there’s a housing a bubble in many locales in the USA,” features a photo from Northern Virginia with for-sale signs lining the street outside a condo Cnversion that sold in 2004. Wende Feller’s ominous Making a Killing in Real Estate blog tracks her progress as she writes a novel incorporating the housing bubble into the great American murder mystery. And numerous sites like The Bursting Bubble and Housing Panic are devoted solely to guessing when the housing bubble will burst.
But this week, bubble bloggers are being taken to task for their irrational exuberance ... or, “blogbooberance,” over the housing market.
The blogger pleads, “Please, the Fed, raise the blogging interest rates or constrict the blog money supply now.
Longorshortcapital bemoans “the emerging bubble in housing bubble blogs. These blogs, devoted to detailing the demise of the housing and refi boom, have begun to proliferate more quickly than Freedom Loans or all those anacondas I let loose in the Everglades in the 80’s.”
The Irrational Blogbooberance must stop now.” It might be a losing battle.
It is great to be mentioned in a news story by a large media operation. The proliferation of bubble blogs is a true reflection of the bubblicious situation occuring in many locales across the USA.