OK, now it’s getting weird.
HousingPanic was blamed today by the Palm Springs Desert Sun with causing the housing bubble to burst and spreading lies. Here’s the quote, I mean "fact", reported by the Desert Sun:
Ten fast facts about Coachella Valley’s housing market
#2: Blogs such as housingpanic.blogspot.com are helping to confuse buyers about everything from rumors to “bubble” theories.
Well, I’m flattered. And pissed. And laughing. "Fact"? Try "REIC spin point" instead.
Seriously, this reporter either made a big mistake reporting realtor spin as "fact", or is just simply another corrupted pawn of the REIC, like Catherine Reagor. You can ask for a retraction or clarification by emailing him here (email@example.com).
At the end of the day, it’ll all get worse, much much worse. HP and the bubble blogs will indeed be blamed in part for causing the bubble to burst, and thus the financial downfall of America. I’ll be called a treasonous traitor (as I was yesterday over at Bloodhound Blog), HP will be seen as a force of evil by crushed homedebtors and the devastated REIC, and we’ll get more and more trolls – mainly unemployed REIC and pissed homedebtors.
And to think, all we wanted is for housing to return to normal, where homes are again simply a place to live, not lottery tickets, with appreciation that matches the base inflation rate, and where a young couple could save up a 10% downpayment, take out a 30-year fixed mortgage, and pay a reasonable share of their income for a decent place to live and raise a family.
October 26, 2006
HousingPanic blamed by California MSM newspaper with helping cause housing crash by confusing potential homedebtors
Posted by blogger at 10/26/2006