San Diego Housing Market News and Analysis
We Are Back
Submitted by Rich Toscano on May 28, 2006 - 10:17am
Update - May 30 - It looks like the resource usage issues are still occurring. The site may go down from time to time in the near future until I can work with my ISP to figure this out... please bear with me. The original message follows.
Upgrades to the Site
We had to shut down last week because the site was putting tremendous load on my ISP's server. Because there was no concomitant spike in traffic, I believe the excess load was either due to a denial-of-service attack or some sort of memory leak or other bug with the content management software I use. The ISP applied all security patches on their end and it kept happening, so the only thing left to do was to upgrade to the latest and greatest version of the content management software and see if that fixes the problem, be it security- or performance-related.
I took the opportunity to make some organizational and functional changes to the site:
If you find any bugs or problems, please make a note in the comments below.
A Change of Direction
Some changes had been brewing since well before the big server debacle, and this seems as good a time as any to discuss them.
In the near future I will be joining an independent investment management and financial planning firm. I am very excited about this opportunity and I will share more details soon. The bad news is that, because of the enormous amount of regulatory oversight of the securities industry, there are going to have to be some changes here at Piggington World Headquarters.
The crux of the issue is that nothing I've written can be available to the public without someone at my soon-to-be broker/dealer (a company that, among other things, handles all compliance aspects for my new firm) having read and approved it beforehand. This includes everything I've written in the past, regardless of subject matter. Update: Since at least one person made the wrong assumption on what this reviewing is all about, let me clarify: the reviewing is to ensure that I am not violating NASD regulations by recommending specific securities and other things that will never happen on this site. The subject matter of the site is entirely irrelevant to regulators; therefore, no content will ever be changed. The point is that the broker/dealer has to review everything so that they can tell NASD that they have reviewed everything I've written. In other words, there will be no qualitative changes, but there will, as discussed below, be quantitative changes.
In order to prevent the gentleman who does the reviewing (who is a perfectly nice guy and has a whole full-time job that does not involve reviewing piggington.com content) from plunging headlong into madness, I will be making the following changes:
The End of Premium Content
I will also be abandoning the premium content model. I originally started charging a fee to offset the rather weighty cost of the DataQuick data that allowed me to do in-depth monthly analysis. I also hoped to get a little recompense for the enormous amount of time I spent putting all the information together.
Well, my partner in the new firm has MLS access and is able to attain monthly statistics for me to chart out, obviating the need for DataQuick's product (with which I had become frustrated anyway). And as for that second thing, I probably would have gotten a better hourly wage flipping condo signs.
I will do one more "cycle" of premium reports so all recent monthly subscribers get their money's worth (I shut off the ability to sign up as of a couple weeks ago). Yearly subscribers from back in the old days will receive a prorated refund by mail.
While we're on the subject, I should note that due to the emergency server upgrades, the monthly reports will be out a little later than usual.
Premium content will stay locked down for a while in fairness to those who ponied up; however, it will eventually be opened up for public access.
What Won't Change
The one thing that won't be changing is the purpose of this site, which is the provision of honest and fact-based analysis with the intent to help people make good financial decisions. I hope it continues to serve in this capacity and I thank everyone for bearing with the ongoing changes.
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