But I will not back away from the fact that OCR feels he/she (who really knows) can hold “knife catchers” to public ridicule by divulging details of their purchase.
He never detailed ‘who’ was the knife catcher.. just that there was one and at what price. It shows current market comps which many RE people aren’t always honest about (they have a disincentive to be honest because commission is based on sales price – higher means more commission and the enforcing body is virtually non-existent; every $1000 in price is an additional $60 in commission). Sounds almost like you were one of the “knife catchers”. Get over it!! Everyone makes bad or boneheaded decisions once in a while. It is almost impossible to precisely time the bottom of a market. Changing the ‘Press’ or suppressing it will not change the fact! The only time that OCR detailed more along the ‘identity’ of the person was when there was a pattern of very questionable behavior (a pattern of behavior which would have caused a broker to have their license yanked if it occurred in the securities market). “Trojan4Life”; did you have that pattern of behavior?
One important thing for all of the RE hypsters etc to realize; “Good Press” can continue momentum in price movement (up or down) but it is powerless when fundamentals overtake and the reversal occurs. When you have a pattern of good press in a weak/falling market, people begin to feel that the press is consistently lying.. and will act accordingly, including feeling that the opposite of the current media statements is the real truth.
Ultimately the question of journalistic ethics was found to be the most critical downfall of the blogger.
As it has been of the current mainstream media. The completely missed the boat on the housing crisis, the mortgage crisis, the stock bubble in 2000.. etc. A weather-vane would be just as good as the current mainstream media because it only publishes what is the current consensus. They don’t seem to want to take a risk and dig! (What advertisers want to place advertisements with media outlets that balk the consensus – balking the consensus has the possibility of reducing readership and thereby add-views. In addition, most advertisements use the desire to be accepted as a driver for their products — consensus is ‘safe’, or better.. perceived to be safe)
That is the tragedy of BMIT, it evolved into a bash-a-thon, perhaps to sooth someone’s anger, I’m not sure. But I won’t miss the BMIT blog, because it had become nothing more than a tabloid.
So I guess that the tables of currents/pending/sales broken down per region is not a form of raw data? Current sales? examples of current sales?
@OCR
You should have purchased your house under a trust. It makes it harder for people to find your real residence. It also allows for some financial security under certain types of litigation.
