In other words, once America wakes up, notices 12 straight months of sales declines, exploding inventory, and falling prices, will they actually take out some of their anger (for their declining "wealth") on the housing bubble blogs?
Here's Patrick's take:
It is also the power that opens up this community to criticism. This past week we saw Patrick.net blogged about in other forums as being “irresponsible media”. Although this was a small, more or less isolated event, it likely foreshadows events to come as the housing bubble correction enters the mass public consciousness.
Without sounding alarmist, we should probably begin to thicken our collective skins, at least just a bit, as those who stand to lose the most from the correction begin to lash out at communities like ours.
March 22, 2006
Posted by blogger at 3/22/2006