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June 18, 2006

Homebuyers: Help map falling prices to protect yourself from overpaying in "overvalued" markets

The map may take a couple seconds to load.

UPDATE: Added wiki-version of national RealEstateBubbleMap.com. Contributors welcome.

A year after The Real Estate Cafe speculated about whether bloggers would help pop the real estate bubble, househunters turned citizen journalists now have the opportunity to use online maps to move past theories and debates, to document price reductions, pre-foreclosure notices, and properties selling for below their assessed value.  This map, for example, shows some of the largest recent savings in Greater Boston.  Interested in using Platial to create real estate bubble maps in "overpriced" housing markets across the nation? Here are three options: 

1.  Register to use Platial so you can add "Places" to the Boston regional map above.  It's easy to add a new property, post comments on an existing one, and upload photos to any Place whether it is yours or not.  Videos and audio clips can be embedded in the descriptions of the Places you add.  To republish this map on your website, click here and simply cut and paste the html. The map can be re-sized to fit any page layout.  Contributions from fellow bubble bloggers and their readers, particularly those in 71 cities called "extremely overvalued" by USA Today are welcome.  Want to correspond with each other and become bubble buddies?  Start by adding your comments to the Boston bubble map or this national map / wiki of overvalued housing markets.

2.  If you want us to do the work, send comments, corrections, or references to other properties asking or selling for (1) below their assessed value or (2) well below their original asking price to [email protected].  Links, photos, videos, and audio clips are welcome, but addresses or intersections are required to map locations.

3.  Create your own local or regional map on Platial, and add or "grab" Places from other maps. Then let others add to or republish your map to create an informal, grassroots network of housing bubble maps.  Sound cool?  That's what others say about Platial: read Wired's article, or listen to a story about the site from NPR's All Things Considered.  Check out the repeated references to Platial and social networking with maps (watch video clip) at the Where 2.0 Conference News site this week. 

What's in it for you?  Post enough new places to your own map, and Platial will share advertising revenue.  Or simply use information others post to stay informed, protect yourself from overpaying for property, or negotiate a lower price by linking your offer to recent sales, price reductions, etc.  Maybe we can even get foundation money to create an initiative to help inform and protect homebuyers like you. 

Meanwhile, if you need a buyer agent in Greater Boston, The Real Estate Cafe would be delighted to serve you and rebate some or all our commission. If you are househunting outside Boston, we'd be delighted to refer you to an exclusive buyer agent -- perhaps one contributing to this map -- and rebate one-third of our referral fee (where allowed by law), and donate another third to the proposed Million Dollar March to help save lives or provide shelter subsidies for AIDS orphans.  With more than 15 million AIDS orphans worldwide, let's use today, Father's Day, to begin brainstorming about how to build a voluntary, nationwide campaign.

Bill Wendel | 11:38 AM in "We" companies, ASAP: AIDS Shelter Alliance Partners, Bubble map, Foreclosures, Mapping, Market trends, Moblogging in Real Estate, Real Estate Bubble, Savings & Rebates | Permalink


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Platial is a Portland-based social-networking mapping site that, while rough around the edges, shows some intriguing possibilities in amongst the Real Estate 2.0 crowd. At its heart, Platial is a site that allows its users to contribute and share... [Read More]

Tracked on Jun 21, 2006 2:13:07 PM


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