What gives powayseller?

User Forum Topic
Submitted by woodrow on April 1, 2007 - 6:21pm

You've often said your goal is to educate and that the great thing about the blogs and forums is our ability to share information. So color me surprised when I linked to your "Home Prices, The Data Lies" article on your website to read the following quote from you:

This report, released last September, is not anywhere on the internet, and I only found out about it when I read their Mortgage du Jour report recently. Now that I am one of their channel contacts and thus on the distribution list for these reports, I am going to keep the content in my subscriber area.

So instead of sharing the ideas and specifics of an educational article you found, you're using this article (which you didn't author) to hawk the subscription area of your website so that you can make a few bucks?

Thumbs down. No wonder your website is a ghost town.

 

Submitted by PerryChase on April 1, 2007 - 8:27pm.

Give her a break. powayseller haters told her to setup her own forum so she can say and do whatever she wants. Happy now? Her departure is a big loss to Piggington, in my view.

Her website is her castle; she can do whatever she wants. You don't have to visit if you don't like it.

Education is not free. Private, for-profit diploma mills like National University and University of Phoenix charge a lot of money for education, some of it subsidized by our tax dollars.

Our own Professor Piggington used to charge for premium content also.

Submitted by sdrealtor on April 1, 2007 - 9:13pm.

Used to charge for premium content is the operative phrase. I think the greatest education will be received by PS. The education of what it takes to be a successful entrepreneur.

Submitted by Diego Mamani on April 1, 2007 - 10:45pm.

PS will notice that there's money to be made from ads and links (as opposed to subscriptions), but first she needs to generate traffic. Traffic can be gained by providing lots of free content and promoting lively discussions. She did a great job fostering dialogue (and arguments!) on this site, hopefully she or someone else can achieve the same for her website.

Ben Jones spends hours gathering info, quotes, and links to articles, which he then posts online for free. His readers then engage in lively discussions. People stop by to read the news, then stay for the forum postings. I'm sure that's a lot of visitors, some of whom click on the ads, while others make direct donations. So, the lesson here is that we need to create traffic (the horse) before revenue (the cart) comes in.

Unfortunately, the RE bubble web market may be saturated at this late time in the game. But the same thing was said of the PC market when Mike Dell started, and he's a billionaire now.

Submitted by Critter on April 2, 2007 - 7:16am.

Why is it when people disagree with the way someone runs their business (or their opinions) they are labeled a "Hater?" That seems extreme to me. It's a quick way for the "hatee" to dismiss the opinions of many by calling them names instead of seeing the grain of truth which may exist inside their opinion.

The flip side of love is not hate - it is indifference. You have to expend a lot of energy to actively hate someone, and I doubt most here feel that way towards PS.

Submitted by carlislematthew on April 2, 2007 - 7:30am.

It's simple economics. The number of bubble blogs has gone way past fundamentals and MUST REVERT TO THE MEAN! There WILL be a 50% drop in the number of bubble sites by Fall 2007. If you disagree with me, you're delusional, stupid or both.

Submitted by JJGittes on April 2, 2007 - 8:06am.

"It's simple economics. The number of bubble blogs has gone way past fundamentals and MUST REVERT TO THE MEAN! There WILL be a 50% drop in the number of bubble sites by Fall 2007. If you disagree with me, you're delusional, stupid or both."

LOL. Priceless.

Submitted by anxvariety on April 2, 2007 - 9:14am.

I've noticed that anytime I've had a hobby.. I would either, or someone would encourage me to try and monetize it.. it seems like it's a common part of a hobby/business evolution... By not subscribing you're making a vote that will help in determining what the market things about the subscription service.. that's how she or anyone would measure it, not by any blowback.. I dont think at least.

For Rich it was a quick experiment as he's probably very adaptive and flexible in his perpsecitves, and I'm sure how it is now makes more sense from a his perspective... I would think the advantages would be - he's not on the hook to create content on a schedule which is probably good now that he's got bigger fish to fry, and additionally any content that he creates can be alive for a lifetime generating PPC/advertising revenue.

I just quit my job recently... so keep your eyes peeled for a blog(nonprofit/non-ad) of my own.. I just bought the new redesigned and incredible Tundra, it will be the powerplant for the trailer that I'm going to buy/travel/live in for the next while.. I am considering documenting that sort of lifestyle since I expect that it will be more common for folks working/contracting in California that realize that owning a house doesn't make them any more normal or cool. This is still just an idea so it might not happen.. either way, any mention of the blog here would be reciprocated by immediately visible links and massive street cred to piggington.

Submitted by PerryChase on April 2, 2007 - 10:18am.

Being adaptable is the key.

Yahoo used to charge for anything more than basic email. Now they give it away for free with unlimited storage.

AOL used to charge for content. Now it's all free.

Their business models were appropriate and made sense at one point. They now need to adapt to the market. Businesses that catch the wave will thrive.

-------------

I think that the people who told powayseller to take a hike and not post here anymore qualify as haters. Those same people told her to set up her own site so she's free to post whatever she wants. Isn't that what she did?

Submitted by jg on April 2, 2007 - 12:30pm.

cm, to paraphrase my children's favorite philosopher, Homer Simpson: That's not funny, that's hilarious!

Submitted by Cow_tipping on April 2, 2007 - 12:36pm.

Correct carlisleMattew and JJGittes.
The latest bubble is in ... housing bubble blogs ... I expect them to mirror the bubble itself with a delay ... as the bubble dies, the blogs will die 12-18 months later.
Cool.
Cow_tipping.

Submitted by Diego Mamani on April 2, 2007 - 2:38pm.

Good point Cow_t. The proper jargon to use is "THE NUMBER OF RE BUBBLE BLOGS IS A LAGGING INDICATOR!!!!"

Submitted by vegasrenter on April 2, 2007 - 5:56pm.

carlislematthew, your "tribute" is so on-the-mark, it's eerie.

Submitted by davelj on April 2, 2007 - 10:02pm.

Regarding PS's website I defer to the zen riddle: If a tree falls in the woods and there's no one there to hear it, does it make a sound?

Submitted by carlislematthew on April 7, 2007 - 7:40pm.

Regarding PS's website I defer to the zen riddle: If a tree falls in the woods and there's no one there to hear it, does it make a sound?

Of *course* it makes a sound. What a silly question... Only those that don't understand sound, air pressure waves, and the human ear would think otherwise. You should be ashamed of the quality of your riddle. Shame on you!!!

Anyway, would it be rude to post a picture of a rolling tumbleweed on her blog/forums?

Submitted by sdrealtor on April 7, 2007 - 9:30pm.

You are wrong carlislematthew! If no one is there to hear it there is a 50% drop in the sound level. If you disagree with me, you're delusional, stupid or both.

Submitted by LookoutBelow on April 8, 2007 - 9:06am.

delusional, stupid or both. 

I'm going to add this to my already extensive use of the vocabulary and colloquialism...

Submitted by powayseller on April 8, 2007 - 10:05am.

wooodrow, I am sharing the ANALYSIS of her article with my subscribers. The Credit Suisse article itself is not posted.

Most important, Ivy read the article and liked it.

Just curious....what are you doing in a ghost town?

Submitted by vegasrenter on April 8, 2007 - 3:21pm.

There was an interesting prediction graph at Powayseller's new site very similar to the notorious "S&P600 by Spring '07" post except it was for some other asset class, I can't recall which. Same logic & emphatic certainty. Could happen - I guess we'll find out soon.

Submitted by Critter on April 9, 2007 - 6:26am.

If any of us can predict the future with certainty, we should be at the racetrack. Just my 2 cents.

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