Tuesday, April 15, 2008

The Daily Soak - April 15


Here comes the joker...
we all must laugh...
'cause we're all in this together,
and we love to take a bath. - Phish


The Housing Bubble. We have some good news and some bad news. The good news is that it's officially over. The bad news is that when it burst, the cumulative moisture of denial that was building for years by millions of buyers, builders, speculators, real estate agents, commercial lenders, mortgage brokers and policymakers was sent cascading from the skies above to the ground below. The resulting ocean of anxiety is an impressive body of water that stretches from Miami to Michigan, Boston to Baltimore, and Phoenix to Fort Lauderdale. In many ways, we as Americans, have never been so united. We share anxiety, regret, buyer's remorse, pending rate adjustments, feelings of disillusionment, ("They said I could flip this thing for $2 million!"), feelings of abandonment ("Hey, where did all the buyers go?") and trillions in mortgage debt. In short, we are all taking a bath. A Housing Bath.

Looking on the bright side (the central mission of this blog and website), who doesn't enjoy a nice bath? Sure we are more of a shower-centric culture today, but we all have fond memories of baths at some point in our collective pasts. (childhood, physical therapy, bachelorette parties...we digress) The ancient Romans elevated the bath to an art form. Community baths in Rome were the epicenter of daily life and one of history's earliest examples of a true social network. It is in that same spirit of optimism that we built HousingBath.com: A Social Network for Lonely Houses.

Technically, the site is for us, the homeowners, but the emphasis of each member page is your actual home. The mission of the site is threefold: empowerment, therapy and networking. First of all, HousingBath seeks to empower would-be buyers and sellers with relevant news and information regarding the Florida housing status quo. The second goal of the site is to provide an outlet for the stress and anxiety many of us feel in this environment of rising inventory and falling prices. Networking is the third goal of the site. Just like the ancient Romans, you are encouraged to get to know your fellow bathers. Strange? Maybe. Cathartic? Definitely!

In closing, let us just say welcome to HousingBath.com.

Now Get Out of the Tub!

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