- I am being an 'economic activist' in the sense that my writings in a 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 boom has lasted too long. It is time for some economic reality.
- It is really a fascinating topic
Thank you to all the visitors who read this blog. :-)
A double thank you to all the commentators who comment on my postings. The citizen reporters who email me bubblicious tips are especially thanked. Keep it coming.
A real special thanks to my fellow bubble bloggers. You are truly an amazing group of people.
Blogging will continue as the housing market continues to decline. So much more is left to report, discuss and digest in the coming years.
Posts
There's not just a "bubble" in real estate. Oil, Gold, Copper etc, are all at 25 year highs. This is because the government is printing too much money and destroying the purchasing power of the dollar.
ReplyDeleteKeep up the good work.
ReplyDeleteCongrats
ReplyDeleteI moved backed to the DC area in July 2005 and I was amazed how much housing prices went up from 2003. By reading the articles and comments on this blog I was able to understand why this increase occurred. The newspapers did not provide me much insight into this bubble.
Starter homes that could have been purchased in a 2nd rate area like Beltsville for $175K as recently as 2002 were selling at $400K+ in 2005. It amazes me that people think this is a good thing. Who wants to overpay $200K+ for a turd house in a turd school district in a turd place like Beltsville, then pay bloated property taxes on top of that. It will be good for society when housing prices revert to the mean. Death to flipper, may their ARMs be torn off.
ReplyDeletepost hoc, ergo prompter hoc.
ReplyDelete"The newspapers did not provide me much insight into this bubble."
ReplyDeleteTry doing your own research and not relying upon the short-sighted people at the Washington Post for facts upon which to base your important life decisions. You have an advanced degree; resurrect your research skills and apply them to your life. (don't rely upon this blog, either! That's crazy talk.)
bryce
Congratulations! Your blog is the model I strive to emulate.
ReplyDeletemarinite,
ReplyDeletethanks so much. :-)
David,
ReplyDeleteYou do excellent work, man. Keep it up, and keep the REALTORS on their toes. :)
Martin
Housing.com
Bryce
ReplyDelete"Try doing your own research and not relying upon the short-sighted people at the Washington Post for facts upon which to base your important life decisions. You have an advanced degree; resurrect your research skills and apply them to your life. (don't rely upon this blog, either! That's crazy talk.)"
Economics and housing prices are complex topics which will take massive amount of time to get up to speed. I don't have much time to do this. All I want is a basic understanding of this situation.
Excellent work David! You do a great job and set a fine example to us all. I have noticed that my blog has gotten over 100,000 unique hits and I am sure many of them were pointed my direction by you, marinite and the bubbletrack guys.
ReplyDeleteWhy so many people all over the world find Sonoma interesting I have not a clue... ;-) I have to assume that it is based on their high opinion of your recommendations.
I thank you for being the beacon, exposing the truth and shining a spotlight on the greater fools among us. Keep up the great work!
Athena
David, I still enjoy your blog, but I liked it better before when you attempted to be more objective.
ReplyDeleteI my opinion, in the beginning your blog presented a variety of information ignored by mass media re a possible bubble, and your readers were free to review this information and make his or her own conclusions. Now you appear to cherry pick stories that support your presumption of a bubble, and you ignore information that doesn't support your presumption. I think this is a disservice to your longtome readers.
"I my opinion, in the beginning your blog presented a variety of information ignored by mass media re a possible bubble, and your readers were free to review this information and make his or her own conclusions. Now you appear to cherry pick stories that support your presumption of a bubble, and you ignore information that doesn't support your presumption. I think this is a disservice to your longtome readers."
ReplyDeleteSince starting to blog last year I always knew that we were in a housing bubble. Perhaps in the beggining I was less forceful in my arguments. Sure, I cherry pick stories that support my opinion. However, I do read stories about how there is no housing bubble and how there will be a soft landing.
"and your readers were free to review this information and make his or her own conclusions."
They still are. There are lots of other worthy sources besides this one.