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August 30, 2006

Housing bubble blogs - what is wrong with me?

More frequently is seems I'm coming across housing bubble stories on popular news sites like MarketWatch, MSNBC, Yahoo! News, and CNN.com. But the blogs have been talking about it for years.

I've been following this FatWallet discussion for over three years and sadly I have read just about all the 7000 posts. I check out the Marin POS (Piece of S#!+) blog once a week, to see pictures of tiny, rundown, 2 BR/1 BA cottages going for a million bucks or more just 50 miles to the north of where I live. And I love the Flippers in Trouble blog, where a guy named Max keeps track of flippers that have lost money trying to sell houses quickly to other suckers.

I don't know why I love following the housing bubble. I don't think it says anything good about me, that I revel in other peoples' misery of losing money in the housing market or not being able to afford adjustable rate loans. Maybe it's because, as a renter, I'm jealous of people who made a big bet a few years ago on what I view as overpriced real estate and come out ahead. I could've bought a house with no money down with an interest-only loan three years ago but I thought it was stupid to do that. Well, I could've made six figures on a 2 Br/1 Ba house here in the Bay Area. I didn't, so I guess that's why I'm happy to see the flippers starting to get hurt now. But I don't think that makes me a good person.

Anyway, if you're sick like me, check out this site. It updates all the housing blog info on a daily basis. And while you're at it, go to F#@%edCompany.com to read about companies that are facing bad times.

Posted by brian at August 30, 2006 07:51 PM

Comments

Posted by: n00b at September 4, 2006 07:21 PM

Posted by: rock at September 12, 2006 09:20 PM

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