This morning’s Arizona Republic has a little featurette on a housing bubble weblog in Gilbert. It’s called the Housing Doom Housing Bubble Blog, but I think would it be more sonorous if it were to be named the “Housing Doom Housing Bubble Housing Blog” or even the “Housing Doom Housing Bubble Housing Blog Housing.” After all, soon enough there will be no housing, according to the BubbleHeads. That notwithstanding, the Housing Doom Housing Bubble Blog insists that, “The housing bubble is getting ready to burst.” That sounds like an ascription of purpose to me, and I’m left wondering why the housing bubble doesn’t take itself down to the Doc-in-the-Box to have itself lanced. I mean, who wants bubble pus all over the carpet?
For what it’s worth, the Housing Doom Housing Bubble Blog is not as amazingly daft as some other BubbleBlogs. But so close to home… And in Gilbert no less, perennially the fastest growing small city in America… Think about it: How do you go about seeing faces in clouds in a place where there are no clouds?
Technorati Tags: arizona, arizona real estate, blogging, phoenix, phoenix real estate, real estate
mike says:
But so close to home… And in Gilbert no less, perennially the fastest growing small city in America…
Fastest-growing places are precisely where one would expect to find RE bubbles.
Think about it: How do you go about seeing faces in clouds in a place where there are no clouds?
Don’t just argue from assertion, make a case with data and show that there’s no RE bubble in Gilbert, AZ.
July 26, 2006 — 4:25 am
Greg Swann says:
> Fastest-growing places are precisely where one would expect to find RE bubbles.
And graveyards are the perfect place to go on a goblin hunt. Same results, but location always matters.
> Don’t just argue from assertion, make a case with data and show that there’s no RE bubble in Gilbert, AZ.
21 reasons to bank on the Phoenix real estate market. I didn’t even address the investment potential. The BubbleHead ‘argument’ is the static-market fallacy applied in a particularly ham-handed fashion.
July 26, 2006 — 10:27 am
mike says:
… 21 reasons to bank on the Phoenix real estate market.
Thank you. I replied there.
July 27, 2006 — 5:44 am
Debi AKA Twist says:
Bubbleheads are starting to be joined by folks who used to be considered reputable- Goldman-Sachs
Goldman-Sachs Say Home Prices To Drop
posted July 29, 2006
“HOUSE prices are set to drop in the US for the first time on record, US investment bank Goldman Sachs warned this weekend.”
“‘Prices in several segments of the market have already started to fall, and the overall market will move into the red even in nominal terms next year, fuelling fears that this will trigger a downturn in consumer spending and hit an already slowing US economy.'”
“‘The risk is rising that nominal US home prices may be headed for an outright decline in 2007. It would be the first decline in national home prices ever recorded, at least in nominal terms,?said Jan Hatzius, economist at Goldman Sachs.'”
http://www.chattanoogan.com/articles/article_90101.asp
I suppose Mr. Hatzius will be asked to leave, for what is obviously a lapse in judgement-
Here is Mr.Hatzius’ bio-
“Jan Hatzius, Vice President and Senior Economist, is based in the New York office, where he advises clients on the US economic and financial market outlook and contributes to the US economic research publications. He developed the firm’s global bond model, GSWIRE, and (together with Bill Dudley) the Goldman Sachs Financial Conditions Index. Other recent research has focused on the boom/bust cycle in US business investment and the saving-investment imbalances in the US economy. He is frequently quoted in the financial press and writes a regular column on the US economy for the German business daily, Handelsblatt.”
“Prior to joining Goldman Sachs, Jan was a research fellow at the London School of Economics. Jan holds an economics doctorate from Oxford University, as well as degrees from the University of Wisconsin-Madison and the Kiel Institute of World Economics.”
http://www.nabe.com/am2002/amspeak.html
You would think that someone with a background like that would know better than to join us on the “dark side,” wouldn’t you?
Debi AKA Twist
Housingdoom.com
July 31, 2006 — 2:12 pm
Rancho Santa Fe says:
A year later and it looks like the optimists were wrong. Why is that agents are so afraid of down cycles? It is where opportunity awaits.
December 1, 2007 — 10:51 am