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Impact of the Real-Estate Bubble BLOG


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2006 Nov 3, 2:16am   29,104 views  265 comments

by Randy H   ➕follow (0)   💰tip   ignore  

Patrick.net
Patrick.net was featured in a SFGate.com article today. We all saw Ben Jones' blog featured in Business Week. According to author Carol Lloyd, NPR has been snooping around here for sources to interview (although that's yet to be verified, if you've been emailed or called by an NPR researcher/reporter, let us know).

What is the real impact of Bubble Blogs? Undeniably, blogs in general have quickly become established as a powerful alternate form of media. But blogs as a source of information are also often criticized for being raw, unedited, and often biased or outright inaccurate. It's even possible to find self-proclaimed internet curmudgeons criticizing blogs and bloggers in a blog.

Has this blog, and the other pioneers which took on the growing insanity of the real-estate bubble, really had a meaningful impact? I still maintain that blogs only affect the wider public sentiment on the margins. Most people do not receive their information through blogs. Those who still read consume simplified infografix color newspapers, the rest figure it out from commercials they forget to skip while watching something they Tivo'd. But, maybe affecting the margins is all that really matters. If we've helped to turn the few in the front of the herd, then the rest will follow.

Finally, what about anonymity? The largest single criticism leveled at blogs, and increasingly at Bubble Blogs, is that all the resident "experts" and "pundits" are anonymous. Anonymity breeds lack of accountability, and questions motives. Of course we aren't all anonymous. Certainly Patrick, Ben and others aren't. Some regular contributors and authors aren't either. But does it even really matter? I am not anonymous, yet I've been accused of being a real estate industry shill, despite the fact anyone can read my resume online. So I'm not so sure it truly makes a difference.

What do you think? Are we helping, hurting, or just fooling ourselves?

--
(Suggestion for thread by FormerAptBroker (FAB), who, while anonymous, is verifiable by this blog's admins just like most of our regular contributors).

--Randy H

#housing

« First        Comments 245 - 265 of 265        Search these comments

245   Different Sean   2006 Nov 5, 10:05am  

AEST is currently 18 hours ahead of MST -- one quick heuristic is to subtract 6 hours from the current time and add a day...

246   Michael Holliday   2006 Nov 5, 10:28am  

Different Sean Says:

"...(a)re you on at 10 pm or 11 am???"
_____

10 p.m. Friday night. I guess that's 4 p.m., Saturday afternoon your time.

247   astrid   2006 Nov 5, 10:33am  

Michael H,

Please play some substrata on your next show. I tried to buy a copy in Amazon, but it was like $50. I ended up buying Shenzhou instead.

248   Michael Holliday   2006 Nov 5, 11:50am  

Probably I shouldn't use this site to advertise my show.

You can delete the above links. Sorry for pimpin' Peter's hospitality.
It wasn't my intention. I think I got a little excited.

249   astrid   2006 Nov 5, 11:59am  

How about some Phoenix (the French band) when talking about Phoenix?

250   SP   2006 Nov 5, 12:57pm  

Brand said:
anyone leveraged into credit-card serfdom to maintain an illusion of Gucci-clad, Bentley-driving wealth.

Most Bentley owners are not in net borrowers. Rather poor taste, of course, but not debt-serfs.

SP

251   Randy H   2006 Nov 5, 1:21pm  

Michael Holliday,

It's all good. I think cross-promotion is fine, especially when on topic. I only cracked on Juku(bot) when he(it) started calling people here communi$ts, infidels, and fifth columnists after he(it) cross-promoted.

252   Different Sean   2006 Nov 5, 5:00pm  

I think any cross-promotion should be faintly relevant to the topic at hand, and Michael is offering a gig to the cast of patrick... (plus we all secretly want to promote our own sites on air for 15 minutes of fame...)

253   Michael Holliday   2006 Nov 5, 9:53pm  

Different Sean Says:

I think any cross-promotion should be faintly relevant to the topic at hand, and Michael is offering a gig to the cast of patrick… (plus we all secretly want to promote our own sites on air for 15 minutes of fame…)
_____

Well my offer is open for a show. I'd love to do it.

Everyone's welcome & encouraged to promote their respective sites when we all get together on my show.

Randy, my e-mail is radioholliday@yahoo.com when you want to go for it.

Some structure would be appropriate, such as an introduction of my guests, you, Peter, etc. and your backgrounds, education, websites, etc.

Then I could hit a few key questions and we could free-form-radio it from there.

Plus, all of the bloggers on this site would get a chance to meet/hear the personalities on this site.

Come to think of it, Sean kind of hit on a good idea for future programs for me. There are some good blogs out there, with hidden experts of Randy and Peter quality. I should have their founders and personalities come on my show. I think that would be a great source for interesting shows.

254   astrid   2006 Nov 6, 2:27am  

Michael,

Who is Peter? Do you mean Peter P? He's an expert on sushi, but I didn't realize he had expertise on the housing market.

255   Michael Holliday   2006 Nov 6, 4:44am  

Astrid:

Peter's the one who started this whole shebang!

256   astrid   2006 Nov 6, 8:31am  

I thought Patrick owned this blog and the site...

257   astrid   2006 Nov 6, 8:31am  

Do you mean Peter Schiff?

258   Michael Holliday   2006 Nov 6, 9:15am  

I don't know what I mean anymore.

I...am...friggen'...CONFUSED!

Sheesh...

259   astrid   2006 Nov 6, 9:16am  

Sorry...

Please don't turn into a realtor in renter's clothing

260   astrid   2006 Nov 6, 12:16pm  

Damn, Michael H still won't talk to me.

I'm really sorry :-( Can my venture capitalists send you some tomato seeds to make it all better?

261   Peter P   2006 Nov 6, 5:01pm  

Peter’s the one who started this whole shebang!

How come people still think Peter = Patrick?

262   Different Sean   2006 Nov 6, 9:21pm  

must be your charisma, Peter...

the site progenitor is patrick killelea, michael, an irish-american californian programmer ;)

his e-mail is easily available on the site. i noticed some substitution confusion a few posts back...

Peter P is... a zen master of sushi...

i'll forgive michael one lapse, all his posts i've read are very switched on...

263   astrid   2006 Nov 7, 2:40am  

Peter P,

It must be because when people think of housing, their mind turns to food.

264   Sylvie   2006 Nov 7, 11:58am  

Looks like a good night for the Dems.

265   Dave   2008 Apr 10, 3:04pm  

Up here in Canada Bubble Bloggs have really got the realtors worried. One site called "Let's Imagine a housing Crash" about Vancouver BC has at least one RE agent pumping out counterspin 24/7. One well known housing "investment" specialist even stated in the newspaper a warning against visiting Bubble blog sites.

Many realtors have their own web sites where you can post comments about their properties. The result is about 3 to 1 openly ridiculing their properties and many now edit the posts before they put them up for viewing.

If we had had the internet and bloggs back in the '80s imagine how many people could have saved themselves a lot of suffering. Here in Alberta it was non stop spin right until it crashed and the media did not report a thing until after the fact.

US media is a lot more willing to publish news that is contrary to industry spin than Canadian media is.

By the way love your site and I truly believe it is doing the public a service.

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