I kinda miss the little guys.
Banker - where are ya?
When there are no trolls, or no arguments anymore that we're all just a bunch of nay-sayers, dumb-renters and pessimists, I guess that means that indeed, the bubble has burst, and indeed, we're just sliding down the hill now.
Remember the early days of this blog, when we felt like a little clique who knew something the rest of the world didn't know, and we were making our theoretical arguments (in the face of data that showed record prices and increases, and PR from the NAR and Bob Toll) that this housing miracle was just another bubble that was gonna blow?
And like Paul Revere, we felt our cause was to warn people of what was to come, before it was too late.
Sure seems like a long long time ago now. And I kind of miss it - going against the crowd, realizing something that nobody else got, arguing with the trolls. And warning people, doing good. Now it's too late.
Now everyone knows. Now we're the majority. Now there is no secret. Now the listings have exploded and prices are coming down. And now it's too late to sell.
So what do we do now? Just report on the carnage? That's not as fun as discussing this bubble in it's historical bubble context. Not as fun as predicting what would come. Now it's just reporting.
The carnage will be fascinating to watch - like driving past a bad traffic accident. You can't help but look. But it's gonna be a bit depressing.
Thoughts? Why do you all still come every day to HousingPanic? What do you want to focus on from here on out, now that theory is fact, and this bubble has blown?