This post from NYC appraiser and ace blogger Jonathan J. Miller proves my point that there is a real estate angle on every item in the news. And I mean every item, including the crash of a Yankee pitcher’s airplane into the side of a Manhattan apartment building this week.
Here is Miller’s conclusion:
Not meant to be in poor taste, I remember a line spoken by Robin Williams in the movie The World According To Garp after a small plane crashed into the house they were looking to purchase.
“We’ll take the house. Honey, the chances of another plane hitting this house are astronomical. It’s been pre-disastered. We’re going to be safe here.”
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.