Saturday, November 15, 2008

Bubble blogs are stupid!

Agent Genius Mag: Are bubble bloggers crazy or ignorant?


  1. I say both! The blog takes on a single-sided position on the real estate market. While there is a bubble popping, I have yet to see this blog mention the opportunity out there right now. More millionaires were made during the great depression than any other time in history. What period are we in now?

    Because of the bubble, I personally just bought a lot in Detroit, Michigan for $80, yes eighty dollars, that sold for $71,000 in March of 2008. But you must be right, this is a nightmare, the world is falling apart.

    I have an investing group working in Alexandria, VA buying investment condos for 22 cents on the dollar, with cap rates upwards of 22%. Talk about opportunity.

  2. You've got to consider the source of that blog, someone who works for a company that sells services to real estate agents. You think they'd be singing the praises of the bubble bloggers?

  3. Somebody didn't read the article. (Jesse.)

  4. From the article itself-

    " I’ve learned a great deal of information from the bubbble blogs and commentary within that I would never have (nor should) read on a professional real estate blog. What turns people off is the tone in which these sites often take but when you filter out the tone, there can be diamonds in the rough in the form of manually created charts of economic stats, uncovering of local sources that have remained silent or dig up videos about how foreclosure bailouts impact homeowners.

    "In 2005, 2006 and even 2007, bubble bloggers screamed doom in their various markets and real estate professionals stood up and said “NO” to their markets being in trouble. Now that the markets are crumbling like cheap single ply toilet paper, the bubble heads are relishing."

    Hopefully, in the future, before you HH go flying off at the handle, please READ THE ARTICLE and find out what the aurhor is saying before jumping to conclusions.

  5. Jesse is lying about 22% cap rates. Cap rates are still well below their historical norm, especially in the DC area.