This is the first financial collapse covered in real time by the blogging community. Oh, the fun we would have had in 1998-2000 had blogging existed then. Or 1928-1929 for that matter.
With blogging, there are now historical archived journals written in real time that the Harvard Business School class of 2016 will go back and review as they write about the development, implosion and aftermath of the biggest financial bubble in human history.
What a fascinating source of collected information.
My big question though is at what point will the MSM write a story about the bubble blogs, and the impact the blogs and the internet had on first building and then bursting the housing bubble? And when they do, will Americans (and the world) turn on us as the cause of their troubles?
As information ran wild and free, more and more people found out about the riches being made flipping real estate. Then through blogs some found out about the danger of the collapsing market. But the info ran fast, ran wild and ran free. Before blogs and the internet, the bubble may have taken longer to build, and longer to burst.
I'm not saying HP burst the bubble. We're just a tiny blog with less than a million views thus far. I am saying that the collective bubble blog effort contributed to the bursting of the bubble - Housingbubble2, Patrick.net, Seattlebubbleblog, bubblemeter, anotherf*ckedborrower and the rest. In addition to the incredible amount of postings and feedback contributed by the readers.
Google "housing bubble" or "housing ponzi scheme" or "corrupt real estate industrial complex" and you'll see what comes up. The blogs dominate.
Let's hear your thoughts. And cheers all. Mission nearly accomplished. Without us, the bubble, and collapse, could have been even worse, if you could imagine that...
May 06, 2006
When will the collective impact of the housing bubble blogs be reported? And will people be pissed at us?
Subscribe to:
Post Comments (Atom)
15 comments:
the impact the blogs and the internet had on first building and then bursting the housing bubble?
do you seriously think that blogs created....then burst the hosuing bubble? seriously?
you are delusional......get over yourself already
the internet helped create the bubble - as the shoeshine guy and the stripper found out about the riches to be made in real estate quickly.
Then the blogs and the internet helped burst the bubble as the reality of the ponzi scheme got out.
Information is power.
"I'm not saying HP burst the bubble. We're just a tiny blog"
I don't think anyone needs to get over anything, mr. realtor troll. Good luck with the job search!
I just googled "housing bubble"........I see patrick's blog, and ben's blog.........where is Housing Panic?
nowhere to be found. we're just a tiny blog.
I'm honored to be part of this bubble-jihad.
utah ,seattle(bainbridge island),austin,maui, socal which i'm familiar with includes(the valley ,culver city, valencia, thousand oaks, simi valley, pasadena, etc no bubble no bubble. these are the states and areas i know. no bubble . people are making lots of money.
RE Valencia - there is a HUGE over supply of homes there right now and they are NOT selling. My uncle happems to be a 30yr+ realtor "troll" in that area. Hate to burst YOUR bubble, but homes aren't selling in Valenica.
There's only one solution to defying the housing bubble....buy farmland in Iowa!
Who is this creepy anon who keeps posting about Maui, etc.
Wow get a life.
Yeah, Seattle's a mess too. But this guy will never stop. You'll be seeing that same message LONG after all those towns have hit bottom.
Seattle's doing fine
It is diffculult to measure our impact on the housing bubble.
That being said, I think our biggest contribution was in the way the media used information published in the Bubble Spehere [collection of housing bubble blog] and turned that into articles.
David
Bubble Meter Blog
I really don't know much about the housing market, but I would have to say that one thing that I can see happening is the rise of companies like www.emongoo.com that are starting to get ride of more and more realtors because of the ease of listing a property for free and with all the benefites of a realtor.
Hellllllllllloooooooooo
Get Some Great Information about realtor . If your interested in finding out how the experts deal in real estate then visit http://realestate.opportunitiesinfo.com
Post a Comment