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Impact of the Real-Estate Bubble BLOG


               
2006 Nov 3, 2:16am   30,504 views  265 comments

by Randy H   follow (0)  

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

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66   Peter P   2006 Nov 3, 8:42am  

Charles Mackay.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one”

Perhaps this has just explained price stickiness.

67   FRIFY   2006 Nov 3, 8:44am  

CG,

I can't deny that many of your posts are amusing and witty. I can understand that you might be a very intelligent person and that you are merely making connections that seem too far-leaped for the casual intellect to grasp. If I truly apologize for calling you a chatter box .

Apologetically,

FRIFY

68   Randy H   2006 Nov 3, 8:47am  

Unfortunately for the poet Mackay, he didn't really apply much empirical rigor to his ideas. In many cases the crowd is "smarter" than the individual (at least more fit for survival), which is why herds exist in the first place.

http://www.randomhouse.com/features/wisdomofcrowds/index.html

And why not reference Mencken? Loosen up the arcaneness setting on your little keyword wiki script.

69   FRIFY   2006 Nov 3, 8:50am  

@ Randy,

;-)

70   Peter P   2006 Nov 3, 8:50am  

In many cases the crowd is “smarter” than the individual (at least more fit for survival), which is why herds exist in the first place.

I do not see how a herd of cattles is more fit for surviving their delicious demise.

Unfortunately for the poet Mackay, he didn’t really apply much empirical rigor to his ideas.

You meant he should have sold trading courses like WD Gann did?

71   Peter P   2006 Nov 3, 8:52am  

I wish not to disclose their names for fear of exposing them to bullying

Those who are afraid of bullying would not be here. They would have been bullied into buying a house long ago.

72   FRIFY   2006 Nov 3, 8:53am  

CG,

So is that your final answer to my somewhat veiled question? Your evolution is not yet complete, young Skywalker...

FRIFY

73   FRIFY   2006 Nov 3, 8:56am  

Satis. CG est Boxus Chatterus.

74   Randy H   2006 Nov 3, 8:59am  

Ich habe die selbe Meinung. Er ist zu unglaublich.

75   FRIFY   2006 Nov 3, 9:02am  

Decard , have you ever taken that test yourself?

Still subtle?

76   FRIFY   2006 Nov 3, 9:03am  

New Thread time Randy?

77   Randy H   2006 Nov 3, 9:04am  

Chaptcha!

;)

78   Peter P   2006 Nov 3, 9:05am  

Chaptcha

I pass blogspot's Chaptcha only 50% of the time. Perhaps I am a foodbot.

79   Peter P   2006 Nov 3, 9:08am  

My French vocabulary is extremely small.

My favorite word is "homard".

80   Randy H   2006 Nov 3, 9:11am  

Ich lese auto-übersetzt deustch gern. So hoeflich.

81   Peter P   2006 Nov 3, 9:15am  

Hilfe. Falsche Spracheneinstellungen.

83   Peter P   2006 Nov 3, 9:18am  

Wünschen Sie ein Bier?

84   Peter P   2006 Nov 3, 9:20am  

I can understand and make simple sentences. My vocabulary is too small. That’s always been my problem.

My french vocabulary is only big enough for me not to order four soups.

85   Peter P   2006 Nov 3, 9:21am  

Babelog.

86   Peter P   2006 Nov 3, 9:23am  

CG, wine is good for you.

87   Randy H   2006 Nov 3, 9:25am  

I'm still waiting for the arcane reference to both Nietzsche and Goedels in the same comment. Turn your script back on, much more fun.

88   Peter P   2006 Nov 3, 9:28am  

A combination of Gödel and Göebel.

89   Peter P   2006 Nov 3, 9:28am  

Perhaps the incompleteness theorm is all propaganda.

90   Peter P   2006 Nov 3, 9:41am  

I like to think that all races ought to be equal. I am a "speciesist" though.

91   Peter P   2006 Nov 3, 9:56am  

If so, what makes you think that a wolf doesn’t think the same way?

A wolf does not think.

92   Peter P   2006 Nov 3, 9:58am  

That is very presumptuous.

Perhaps. The wolf is welcomed to disprove my claim on this blog.

93   Peter P   2006 Nov 3, 10:07am  

If our model of the brain based on interconnection of neurons is correct, the human brain is a Turing Machine.

I think the brain is responsible for sensary and motor functions. The brain can process information. But it cannot think.

Thought requires the psyche.

94   Peter P   2006 Nov 3, 10:14am  

I think that anyone who has ever watched a pack of animals hunt can see that they think.

When they start wondering why they are hunting, they are thinking. Or should I say free-thinking.

95   Peter P   2006 Nov 3, 10:19am  

Self-awareness could not possibly have come from evolutionary processes.

96   Peter P   2006 Nov 3, 10:22am  

It’s tough to explain.

It is impossible to explain. Most children have better self-awareness and are better free-thinkers because they are not exposed to science yet.

It is sad that our intuition is highly suppressed in today's world.

97   Peter P   2006 Nov 3, 10:26am  

It looks like elephants can recognize themselves in mirrors, is that thought?

No. It can only be shown that elephants appear to recognize themselves in mirrors.

We should be cautioned that science is an excellent propaganda tool. Many activists are dying to show that animals are sentient beings.

98   astrid   2006 Nov 3, 10:33am  

Sheesh, CG gets called a trollbot for touching on too many topics, but try as I might, my comments on Japanese kitchen knifes and obscure plant hunters gets no more than an occasional nod from SP and Peter P.

I feel neglected - I'm a baaaad trollbot.

99   Peter P   2006 Nov 3, 10:38am  

I feel neglected - I’m a baaaad trollbot.

Don't feel neglected... we all love you.

100   astrid   2006 Nov 3, 10:48am  

CG is real enough, I'm pretty sure Randy H is just teasing. I still don't comprehend the Fudan to Yale comparison, but his oddities sound real enough to me.

Perhaps I'm more forgiving to CG because I think in similar pathways. I'm pretty sure I have undiagnosed ADD...

101   Allah   2006 Nov 3, 10:50am  

Muggy,

Is that ASCII code? I am too lazy to decipher.

It reads in ascii

'Knock it the fuck off, ouyay eeksgay'

102   Peter P   2006 Nov 3, 10:52am  

Perhaps I’m more forgiving to CG because I think in similar pathways.

Funny, I think the same way.

103   astrid   2006 Nov 3, 10:52am  

I wish I was better at languages, then I'd take a stab at Gaelic...

104   Peter P   2006 Nov 3, 10:52am  

I wish I was better at languages, then I’d take a stab at Gaelic…

Did you mean Garlic?

105   Allah   2006 Nov 3, 10:54am  

What was this thread about again?

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