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I acknowledge up front that this blog posting will contribute absolutely nothing to the sum knowledge of the world. And I don’t mean it to be as self-promotional as it will look, just indulge me in a fun little exercise here. But in the course of doing something else, I stumbled across a posting from last spring on Inman News where the blogger there actually counted how many comments had been contributed over the two years since I first posted a blog entry titled, “Washington DC Bubble?” which explored the question of…well, you know (I’ll forgive him for identifying me with as working for Newsweek).
So I did an up-to-the-minute count. In the 25 months since I made that post, the “Washington DC Bubble?” has elicited 1,164 comments totaling 238,547 words. Is that an Internet record?
By comparison, John Hersey’s Hiroshima clocked in at roughly 30,000 words, J.K. Rowling’s Harry Potter and the Order of the Phoenix clocked in at 257,045 words, or roughly the same length. And the ultimate stem-winder, War and Peace by Leo Tolstoy (right) was 460,000 words. All comparisons end there.
If you live in Washington or otherwise have a reasons to care about the broader DC market (Maryland, northern Virginia), you can see the original entry and comments by clicking here. And I still think the DC bubble has much further to deflate, perhaps another 15-20%. Judging by this site, so do others.
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.