Tuesday, April 04, 2006

Readership Increasing Faster Than Housing Values

I want to thank all the readers and contributors for making this community a resounding success. Active involvement is key to a growing and thriving online community, and the last few months has seen more growth than I could have even imagined.

It took us 6 (very) long months to reach 100,000 hits, we celebrated that milestone at the end of January. While only two months have passed since then, we've managed to hit an even more impressive milestone, 250,000 hits, and growing every minute.

Big thanks go out to all the readers and especially all the contributors. I wouldn't be able to do it all by myself. All I can do is provide the information and the forum to discuss it. It's up to you, the readers and contributors, to turn it into an active community.

We're currently averaging more than 1,500 unique readers a day which result in more than 3,000 hits a day. On our peak days we see almost 2,000 unique visitors and 4,000 hits. (and those numbers don't even include hits on the comment pages). So while it may feel like a small community when you are reading the posted comments, believe me when I say there are alot of eyes on this blog.

I couldn't do it without the help of everyone here. The biggest motivating factor is knowing that people are reading this blog and that members are contributing.

So please, keep spreading the word! Email a friend, tell a co-worker, but please help get the word out.

Caveat Emptor!
Grim

47 Comments:

Blogger chaoticchild said...

Grim,

We will do.

Thank you for all your help.

CC

4/04/2006 02:27:00 PM  
Anonymous Anonymous said...

Thank you grim, for providing us with the ability to compare notes, ask questions, raise issues, and get valuable feedback. And more thanks for the invaluable information you provide.

This board has been an eye opener for me. If I didn't start reading it a few months ago, I probably would have bought that overpriced POS.

4/04/2006 02:29:00 PM  
Blogger Richie said...

I say we get a get-together for all the readers here.

Where's the next open house that has free food & drink?

-Richie

4/04/2006 02:31:00 PM  
Anonymous Anonymous said...

Wow! Grim very cool...before you know it Barry Diller from Interactive Corp will be ringing your phone. Thanks very much, I enjoy your blog very much.

4/04/2006 02:40:00 PM  
Anonymous Anonymous said...

Thanks Grimmy! Keep up the good work.

4/04/2006 02:42:00 PM  
Anonymous Anonymous said...

Thanks Grim.
Very helpful and valuable information.
keep up the good work.

4/04/2006 02:45:00 PM  
Blogger Shailesh Gala said...

Good work Grim :-)

I strongly believe NJ real estate agents will remember you for spreading the Good news faster to everyone.

Internet is very powerful. In past, I have used website to create Grass Root lobbying orgs and even been successful in changing a federal law.

You are providing valuable resources that otherwise would not be available. Too bad, the conventional media does not work as fast.

4/04/2006 02:46:00 PM  
Blogger Metroplexual said...

I think that this is the most informative regional bubble blogs out there. Nobody else breaks out the data like it is done here. I am glad that it happens to be where I live (and would like to buy). I enjoy the blog very much. Kudos to you grim.

4/04/2006 02:46:00 PM  
Blogger David said...

Congratulations. Thanks for the solid work. Bubble Meter is a big fan.

David
Bubble Meter Blog

4/04/2006 02:48:00 PM  
Anonymous Anonymous said...

Richie,

I was going to suggest that, that we all get together to meet each other.. A pow-wow of sorts to see how we can knock some sense into the idiots buying at these levels.

But maybe we can all go to the same open houses, and in collusion, tell the realtors their prices are ridiculous. Each Sunday we can hit a different town!

4/04/2006 02:52:00 PM  
Anonymous Anonymous said...

Thanks for the great blog.

You saved me from buying at the top and being a bagholder.


AC

4/04/2006 02:53:00 PM  
Blogger NJGal said...

I'd be living in Maplewood and deeply in debt if not for you so I also offer my thanks!

4/04/2006 02:57:00 PM  
Anonymous Anonymous said...

Grim,

Great job. After reading all of the posters here, I have gained a lot of confidence for lowball.

Lowball is the king. Lowball every house!

4/04/2006 03:22:00 PM  
Anonymous Anonymous said...

"But maybe we can all go to the same open houses, and in collusion, tell the realtors their prices are ridiculous. Each Sunday we can hit a different "

Sounds great - I hope the sellers are there when you do it - just dont make it mine (-:

KL

4/04/2006 03:22:00 PM  
Anonymous Anonymous said...

grim,
congrats on the ever growing success of this blog... its been a god send for people like me to find a community like this to educate myself and on occassion vent my concerns..
I have and will continue to spread the word!
thanks
bobby

4/04/2006 03:28:00 PM  
Anonymous UnRealtor said...

We love ya Grim!

4/04/2006 03:34:00 PM  
Anonymous Anonymous said...

great job Grim.

Keep it up.

4/04/2006 03:36:00 PM  
Blogger Shailesh Gala said...

It would be great to meet.

On the other note, I think we should try to get some Press guys to come as well. More folks writing about this in News the better it will be for publicity.

4/04/2006 03:37:00 PM  
Blogger Van Housing Blogger said...

Congrats, Grim.

I couldn't find NNJ on a map and I can't say I ever plan to live there, but I still visit your site. Informative and well-written.

VHB

4/04/2006 03:41:00 PM  
Anonymous Anonymous said...

Hi, your blog is a powerhouse. It has accumulated such a critiical Mass that is is more appropriate for us living in NY and vicinity than the Ben Jones blog.

4/04/2006 03:52:00 PM  
Anonymous Anonymous said...

You're a great person Grim, you have helped a lot of people realize they are not nuts for thinking real estate prices are out of wack including myself.

Out of all the newspapers, magazines and tv news channels I find the real truth right here everyday.

4/04/2006 03:52:00 PM  
Anonymous Anonymous said...

My name is Jerkstore. And I'm a Grimoholic.

4/04/2006 04:29:00 PM  
Anonymous Anonymous said...

"And I'm a Grimoholic"
Me too....
KL

4/04/2006 04:34:00 PM  
Blogger Grim Ghost said...

Grim -- I know you stopped advertising a while back, but I think you should resume it.

4/04/2006 04:44:00 PM  
Blogger Grim Ghost said...

To add to my previous message -- you should resume ads so you get adequiately compensated for all your hard work.

4/04/2006 04:46:00 PM  
Blogger chicagofinance said...

keep grimming

4/04/2006 05:10:00 PM  
Anonymous UnRealtor said...

"you should resume ads so you get adequiately compensated for all your hard work."

Many bloggers put up a PayPal link as well, for visitor donations.

4/04/2006 05:14:00 PM  
Blogger Richard said...

thanks for your efforts grim, and to all the regular (and not so regular) posters for making this a forum where thoughtful ideas and debate can happen.

4/04/2006 05:27:00 PM  
Blogger chicagofinance said...

More bad news from the desk of chicagofinance:

You Homeowner’s Insurance Rates Will Rise Soon – Be Prepared

The hurricanes that ravaged the Gulf Coast last summer are beginning to wreak havoc with homeowners' insurance coverage in states far removed from where the storms hit.

Still reeling from an estimated $56 billion of hurricane-related losses, major insurers are dropping policies or not writing new ones in coastal areas from Texas to Florida and on the Eastern Seaboard as far north as Massachusetts. The moves have left homeowners in a number of states scrambling to find new coverage, often at higher cost.

Meteorologists say conditions — including warmer temperatures in the Atlantic Basin and cooler temperatures in the Pacific Ocean — are ripe for the Northeast coast to be hit by a whopper of a hurricane this season. Fearing hurricanes could hit as far north as New England, insurers are tightening policies.

Home insurers are winning regulatory approval to raise premiums in states hit by hurricanes in 2005, and rate increases are spreading far beyond those areas, as the industry comes under pressure.

Allstate, the nation's second biggest home insurer, after State Farm Insurance, says it plans to seek premium increases to help offset higher costs. The company recently raised premiums by 8.5% in New York State, and says it will ask regulators in Connecticut and New Jersey to approve increases.

States barely touched by last summer's hurricanes are feeling the impact. In New York, Allstate, the largest insurer in the state, recently announced it would drop 28,000 policyholders in eight counties, including New York City, citing "overexposure" to potential weather related losses.
The latest developments come more than 12 years after Hurricane Andrew, previously the most expensive U.S. storm, led to widespread losses among insurance companies and reshaped the home-insurance industry. Companies raised rates, states set up high-risk and catastrophic insurance pools, and the industry introduced such features as the separate windstorm deductible, which transfers much of the financial risk back to homeowners themselves.


Helpful To Know

As premiums rise and insurers look to cut risk exposure, industry experts advise consumers to keep a low profile. Self-insure as much as possible by carrying as high a deductible as you can afford to keep premiums low and remain attractive to insurers. Also, avoid filing small or petty claims. Never file a claim for maintenance-related damages such as a chronic water leak, as even one such claim could cause you to be dropped by your insurer.

When purchasing home insurance, buy from a company with a high financial rating to minimize the chance that your insurer will drop you because of its own financial problems or fail to pay a claim

4/04/2006 05:33:00 PM  
Anonymous Anonymous said...

Grim

You are are providing a valuable service. I forawrded your blog to at laest 20 freinds and associates. They are all regular visitors now.

Cliffy

4/04/2006 07:34:00 PM  
Anonymous Anonymous said...

Thanks for showing me the risks in this housing bubble.

Buyers boycott high prices!

Arnie

4/04/2006 08:16:00 PM  
Blogger njdoc said...

Thank you for your work. I visit your blog regularly. I find your data very informative, and I believe that in the long run, it will prove useful to many people.

4/04/2006 08:24:00 PM  
Anonymous Anonymous said...

Hello Grim;

No I thank you for providing us with this very powerful and useful information. Great job and please keep up the good work!!

R.L.

P.s. can you please provide me tips (easy ones) on how can I register so I can show my face instead of being anonymous??

4/04/2006 09:12:00 PM  
Blogger Roadtripboy said...

Grim,

Thank you for acknowledging the contribution of us "posters/readers" to the success of your blog. But IMHO, I give the lion's share of credit to you. You (must!) spend a great deal of time and effort compiling this data and writing posts for all of us to read. As I've said before, this blog has been a great source of information to me and I feel I have learned a great deal by reading the posts here. This is an excellent service and I'm thankful for all of your efforts on this important blog.

4/04/2006 10:33:00 PM  
Blogger Roadtripboy said...

Richie and Anon 3:52, count me in for "crashing" open houses. I have been tempted to go to the open houses in my own building in Jersey City and "conspicuously grumble" about how over priced housing is.

4/04/2006 10:52:00 PM  
Blogger grim said...

If you want to have a real impact start calling or emailing journalists and politicians.

Believe me when I say that Realtors know many of these properties are significantly overpriced. Many of them have even tried to get sellers to lower them after weekends of empty open houses. It's easy to sell someone hopes of big appreciation and easy money than to take that away.

grim

4/05/2006 06:34:00 AM  
Anonymous Anonymous said...

Grim:
Excellent site for NJ residents and for exposing the unrealistic state of the current market. Thanks for fighting the good fight!
Ron

4/05/2006 08:51:00 AM  
Anonymous Anonymous said...

Crashing open houses? Count me in.
I've recently seen some 600-700k '1960s fixer-uppers' in Clark/Cranford/Scotch Plains area. Gee, 6 years ago the same homes were in the high 200s. Talk about out-of-whack valuations!. I'm in no hurry to buy.

4/05/2006 08:59:00 AM  
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4/05/2006 11:53:00 PM  
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4/05/2006 11:55:00 PM  
Blogger BlackJack said...

Congratulations, man. Keep it up.

4/06/2006 10:52:00 PM  
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4/18/2006 09:38:00 PM  
Anonymous Anonymous said...

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4/24/2006 12:11:00 AM  
Anonymous Anonymous said...

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4/25/2006 10:08:00 AM  
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