Grand Rounds (and a new blog addiction)

Grand rounds is up this week at Health Business Blog. It’s very well done, and exceedingly readable. Thanks, Dave!

No thanks, though, for pointing me to a post at Medical Pastiche, which has a link to a real estate blog called”Don’t cry for me, just get me my principle reduction“, which then led me to dozens of real estate blogs chronicaling the bursting housing bubble all across America. Reading these blogs is addicting, as one after another tells the story of housing speculation gone bad. Tales of “Super Flippers“, bad real estate agents, tricks being used to fool buyers into thinking a house has just been put on the market when it’s been there for months, entire blocks in Southern Califronia where every other house is in forclosure. These bloggers have the benefit of public records and google earth photos, and have a “take no prisoners” approach to blogging. No one is spared their critical eye as they chronicle the death of the housing market at the hands of greedy speculators.

Reading these blogs is positively addicting. Consider yourself forwarned.

5 Responses to Grand Rounds (and a new blog addiction)

  1. I think the addictive nature of those real estate blogs is extremely similar to the addictive nature of watching high-stakes poker games or roulette games at casinos. You want to see the exciting wins and even the heartbreaking losses of the players involved. The sad part is that there really are tens of thousands (actually probably hundreds of thousands countrywide) of people who are playing high stakes real estate speculation. Just like in the casinos, the house (or rather in this case, the bank) always wins.

    Thanks for linking to me. 🙂

    Reply

  2. Gah! This stuff makes me tense.

    I wonder what the downturn is doing to those of us who weren’t speculating, but just trying to buy a home?

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  3. I was listening to NPR a while back, and one thing they said was that the whole housing debacle was based on the premise that, “housing prices in the US never go down.”.

    So you base an iffy business practice on a false premise and you get a disaster.

    Reply

  4. Wow, thanks for the links. I now have something to fill the only “free time” I seemed to have (which is between 2:00 a.m. – 4:00 a.m.)! Ha! Ha!

    Reply

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