Posted by: Prashant Gopal on July 21, 2009
I don’t quite understand why – in this age of digital video recorders and streaming Web sites such as Hulu.com — people pack so many televisions into their homes.
The average American home now has 2.86 televisions and just 2.5 people, according to a new survey by Nielsen. The number of TVs jumped from 1.57 in 1975 to 2.43 in 2000 as the Internet gained popularity. The number of units per home continued to grow through the 2000s, but more slowly.
I’m part of the 2% of Americans that doesn’t own a TV. I haven’t had one for 7 months now and I don’t miss it. It turns out that the computer is quite an efficient television. No more surfing channels, and spending hours watching cable news channels waiting for some actual news to happen. Now I watch what I want when I want and don’t have to suffer through as many commercials.
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.