Since the real estate industry makes every attempt to keep transaction information opaque, I think OCR was doing a tremendous public service in exposing **possible** fraud and speculative transactions.
Buyers need to be informed, and the RE industry is NOT going to be where the legitimate information comes from.
Is anyone here suggesting we should hide fraudulent transactions or flips and speculative transactions? I would hope not.
There is no way OCR’s posts could have affected a neighborhood’s value. The only people I know who pay attention to these blogs are those whom I’ve met through the blogs. I’ve run into a few bubble sitters, and NONE of them were blog readers. I imagine very few “regular” purchasers read these blogs at all, or are even aware of their existence.
