The Bubble Talk is Frenzied
Looking at some of the comments on the various real estate message boards, it appears that tensions are starting to run high between the bulls and the bears about the direction the market is taking. The Wall Street Journal Real Estate forum has recently degenerated into the accusation that people who rent are natural wife beaters. On another forum, which tracks condo development in Hoboken, buyers of a Toll Brothers project are suggesting that others are trying to talk down prices with lies and slander about the condition of a building.
Regardless of who is right or wrong, the forums sound just like the Yahoo and Ragingbull message boards of the dot com era, with longs accusing shorts of making up lies so that the price of pets.com will fall. Toll Brothers now, seems to have taken on the roll of CSFB then, as the evil underwriting overlord that manipulates prices so that only they will profit.
Regardless of who is right or wrong, the forums sound just like the Yahoo and Ragingbull message boards of the dot com era, with longs accusing shorts of making up lies so that the price of pets.com will fall. Toll Brothers now, seems to have taken on the roll of CSFB then, as the evil underwriting overlord that manipulates prices so that only they will profit.
posted by Little_Silvered at 6:32 PM
3 Comments:
I've noticed thehousingbubble2blog has turned into a barroom brawl.
thehousingbubble2blog is not fun to read anymore. I notice about a week ago July 13, things were becoming mean. It is a bunch of people yelling at each other.
There are some pretty smart people on that board. I wish I had 10% of the comments that board has. As Ben Jones says, don't feed the trolls.
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