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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Fri Jan 18, 2008 3:09 am Post subject: US Housing Market Forecast 2008 |
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By: Dr_Housing_Bubble
Firstly, Dr. Housing Bubble 1 Million Visitors! 200th Housing Post. If you were to ask me in September of 2006 if I would still be blogging, the answer would have been no. From multiple estimates, there are approximately 50 million to 70 million blogs out there. It seems like there is a bubble in blogs! Many blogs do not survive past a few months because it does take commitment and a solid readership.
That is why I wanted to take this moment, how fitting that it is the 200 th post, and thank all readers to this site. Whether you agree with the content or not I do appreciate each and everyone of you that take the time to read the articles. I was looking at the numbers today and there are 3,053 comments left on this site since I started blogging. Many of you have contributed to the housing dialogue even when it was unpopular. Thank you for doing so.
When I started this site, there really wasn't too many “bubble blogs” out there. You had a handful of bloggers yet the majority focused on general economics, gold, and other financial issues except the major housing and credit bubble that we were living in. In the matter of two years, this blogging niche exploded. It would be easy to take all credit for the explosion of traffic but realistically people hungered for an alternative source of media and many realized that this housing market had gone off track. If you were to look at it scientifically, bubble blogs exploded just about the time the housing market peaked. Now I know many other sites have surpassed that 1 million hurdle but I think this is a big moment for the site.
Now why blog about real estate especially about real estate in California ? I invest in out of state rental property and believe that real estate bought at the right price, is the best investment you will ever make. If I didn't believe this, I wouldn't own real estate. I may be one of the few so called bubble bloggers who actually owns any property. So why not move out of the state? I am a native born Californian and believe many readers are in the same boat. I love the area. This is my home. I have no problem leasing a home in an area of my choice while gaining the benefits of real estate with property bought elsewhere at the right price. In fact, the majority of the 10,000,000 residents in Los Angeles County rent . This is always an argument levied on those that do not own. Leasing is the equivalent of flushing money down the toilet. No, getting a risky mortgage at a peak price is the equivalent of flushing money down the toilet. However, California has gotten to a point where middle class families cannot afford a basic starter home without going with exotic financing.
http://www.marketoracle.co.uk/Article3285.html |
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