Longtime HP'ers know there were a few main reasons for this blog:
1) To warn others of what was about to come
2) To expose the lies of realtors and the REIC and our leaders in DC
3) To expose America's addiction to debt and over-consumption
4) To make housing affordable and stable for future generations
And now, what we warned was coming, it came.
And now, realtors and the NAR have been forever and irrevocably discredited. The REIC is in tatters. Congress' approval rating is at an all-time low. And our corrupted leaders have been exposed.
And now, debt is seen as disgusting, Hummer's are mocked, and yes, future generations may be able to afford a house, and not see a house as a lottery ticket or get-rich-quick scheme.
There is still much to be done. Angelo Mozilo and Michael Perry (and thousands more) need to be prosecuted for their crimes. Home prices need to fall until the economic fundamentals make sense again. Hundreds of thousands of realtors need to find new work and the remaining ones need to find a new business model. And every incumbent in DC needs to be voted out of office.
But our work here at HP is nearly done.
So, I've decided to end the blog the day after election day - November 5, 2008, the third birthday for this blog. HP is supposedly the #1 real estate blog in the land, so let's go out on top.
We'll know on November 5th whether America has decided to plunge into the abyss, by re-electing the REIC-corrupted incumbents in Congress by an overwhelming majority, while putting the unacceptable and dangerous McCain/(TBD) ticket into the White House. Or whether America goes in a new and better direction.
Make no mistake, housing prices will keep falling, ignorance in America will continue, corruption will go on in DC, realtors will keep lying to earn a commission, the taxpayer funded bailouts will continue, and our national debt will keep soaring.
But that'll be for others to discuss.
I hope you've enjoyed the blog. I hope you've made good financial decisions these past few years. I hope you were able to warn others. I hope you've had some laughs, and I hope you've gained some new knowledge.
10,000,000 views, 6,000 posts, and three years later, our work here is nearly done.
It's been an honor, with your help, to expose the truth.
Even while the truth has sucked.
August 31, 2008
Posted by blogger at 8/31/2008