Friday, December 29, 2006

Bubble Media

The US Housing Bubble has spawned a large number of articles, and ongoing commentary, mainly via bloggers. Here are some of the better ones:

Wikipedia: Always an excellent source of information, Wikipedia has several sections of interest, first a general article about Real Estate Bubbles in general, and another on the US Housing Bubble in particular. Both are just excellent, with oustanding commentary & relevant graphs. The graphs alone are worth the trip, and give a broad view of just how high this thing has gone and how it pervades the whole World. There are additional pieces on the Japanese Real Estate Bubble, the commodities bust starting in the early 80's, the Dutch tulip bubble, the NASDAQ bust of 2002, and probably more I didn't find. This site has been a top rated site for housing info for quite awhile. A single long page of facts (and fictions?), this is an opinion piece that is fairly compelling on the downside.

The Housing Bubble Blog: By Ben Jones, and mentioned in this blogs predecessor, Bend actually gets some play in this blog. This guy does a great job of hunting down newspaper articles & putting info in his blog about a large number of markets all over the US.

The Housing Bubble Fact Sheet: This is an interesting article with an economic "doomsday" edge to it. It is also available in PDF format.

Housing Bubble: A blogspot blog, "This blog is devoted to further discussion on residential and commercial real estate prices. Is there room to grow? Have we reached the peak? Are real estate prices already on the way down? Post your insights, findings and decide for yourself. Read what other 'experts' have to say?".

David Lereah Watch: The top "paid schill" in pumping the housing bubble, Lereah is the National Association of Realtors chief "economist". Type "David Lereah blog" into google, and you'll find that in the blogosphere, Lereah has gone so far over the top in pumping home ownership, that he has lost all credibility. He denies the US housing bubble on a regular basis, and his "projections" for prices and such are so regularly far too high, that you get the feeling his only function is kidding himself & his associations members.

Buffett says "Bubble": A CNN-Money piece where Warren Buffett warns about a residential real estate bubble: Excerpt: "I recently sold a house in Laguna for $3.5 million. It was on about 2,000 square feet of land, maybe a twentieth of an acre, and the house might cost about $500,000 if you wanted to replace it. So the land sold for something like $60 million an acre."

There's quite a bit more, just type "housing bubble" into google, and you'll get over a million hits. If you want blogs, go to googles blog search, and type "housing bubble", and you'll get over 125,000 hits. Type in "housing bubble Bend", and you'll see this frisky young blog already coming in 4th! Not bad!