patrick.net

Someone should have stopped you from opening it.

Why? Does it mean that every stupid act should be stopped? What if turns out that it is stupid to stop stupid acts?

Data matters if it can effect psychology. I think proof that 300 flippers are losing money sends a powerful message, Don’t you?

If psychology is data-driven then the bubble would not have existed.

Data matters. But the presentation of data matters more. And the preception of data matters most.

That said, I am not saying that your site is useless. We get to track the progress of the crash and laugh our heads off. :)

I don’t think you can save people from themselves.

Then how should stupidity be contained? How can we protect ourselves from stupidity?

If BB starts lowering rates or finds some other way to bail out all the FB’s out there, then there is no containment of the mass stupidity of the past few years.

Excellent! Another twist: does it make use stupid for not getting stupid loans?

Is stupidity the new wisdom?

But if people face foreclosure and financial ruin, maybe– just maybe, they won’t be so stupid in the future.

Maybe not... :(

Does anyone have any improvement suggestions?

Try putting the amount loss diagonally across the picture, in bold, red letters. :)

e.g. $44000 LOSS

This way, people can more easily associate the loss with the house.

I wonder how many people we’re taking out of the market with these discussions and blogs? Maybe a little education can eliminate this stupidity…

Not many, I afraid. Most buyers will not even look for reasons of staying out of the market. People who come to these blogs belong to a self-selected group of skeptical buyers.

But these blogs are very useful for interested readers to track the market.