Well, I stumbled across what looks to be a neat media blog at PBS called MediaShift written by Mark Glaser.
Its got a pretty good overview of the whole real estate obsession: bubble, bust, boom, expansion, crash with a heavy dose of vitreol, vengeance, blamethemedia and spin phenomenon and links to the leading blog resources. (ok, ok, Matrix is one of them…I was going to get to that).
I found his slant interesting (hey, its PBS), and perhaps ironic, that the leading bubble bloggers are supposedly making a lot of money (or so they say, yet haven’t quit their day jobs (I thought Ben Jones did?)).
However, I got the impression after reading this PBS piece, that these bubble bloggers were therefore incentivized to fuel the flames to get more readers, namely renters and burned investors (aka more advertising) but still venting their pure emotional frustration with the situation. Try to find one positive aspect of the current real estate market on any bubble blogs. It doesn’t exist because its contrary to the purpose of those blogs to begin with. I guess their counter point would be that there are no positive elements in the current market.
I suppose its a little of both. Bubble blogging was born out of a serious concern over the housing market and the spin from the real estate industry and now it seems to have matured and evolved into a mainstream phenonemon, which seems contrary to why it evolved to begin with. I guess cycles apply to everything. There is some great stuff out there written by people who care about the topic at a pretty deep level, but it doesn’t always mean its accurate or doesn’t have an agenda or spin behind it. They also seem to be free from lawsuits unlike Big Media (since they don’t have deep pockets).
Its a continuing battle to remain pure.
But I guess thats the same with all topics. Think about conversations around the dinner table at Thanksgiving. I am sure the topics for many included politics, religion and of course, real estate.
Mainstream media has tried to figure out blogging with some failures, but increasingly, more success. Included in my list of favorite real estate blogs (and columns) are many from “big media”, several were referenced in his column.
Real estate blogging is going to evolve and change. Technology and consumer acceptance all play a role. I can’t even imagine what the genre is going to look like when the real estate market has another up cycle.
Lord help us.