What is Digg?51 Comments
- KyleRayner, on 10/12/2007, -0/+19Whats funny is that the submitter is Canadian. XD
- Paktu, on 10/12/2007, -10/+25Perhaps it's because digg is an AMERICAN website, started by Kevin Rose (an AMERICAN), with a predominantly AMERICAN audience. I agree that the USA can be a bit arrogant sometimes, but if it really bothers you, start your own website covering exclusively your own country. Either way, stop complaining.
- knupso, on 10/12/2007, -5/+18Well from all the pissing and moaning, I can only assume most of the world contains a bunch of crybabies.
- drinkGreen, on 10/12/2007, -3/+12how about we read the article, get off the submitter's back, and cut out the geography lesson.
- inactive, on 10/12/2007, -2/+7Actually, it's not even the US homes that are at their lowest point, it's the home builders' stocks that are at their lowest point: "U.S. home building stocks are at their lowest point in more than 20 months, as measured by the closely followed Dow Jones U.S. Home Construction index."
- MikeHinds, on 10/12/2007, -2/+7North America and South America are continents. America is the common name for the USA, just like the North Korea is the common name for the DPRK, and China is the common name for the People's Republic of China.
America's citizens are known as Americans, and never as United Stations. - TDot1980, on 10/12/2007, -1/+6Here on Vancouver Island, they can't keep up with demand for new housing. Several large condominum projects have been outright CANCELLED and buyers' deposits returned because they can't find enough labour to build them... Never in history has it been like this. It's good to be in real estate....
- krewemaynard, on 10/12/2007, -8/+13digg, like slashdot, is based in america, and has a predominantly american readership.
EDIT: Paktu said it well (see below) - goldenbb, on 10/12/2007, -0/+472 year mortgages?
- mikedoth, on 10/12/2007, -0/+3Housing in Northern Virginia is off the charts, good luck finding a house if your middle class. All they build anymore are McMansions.
- hockeysk8, on 10/12/2007, -1/+4And what goes up ...
Correction: It is a good time to get OUT of real estate.
It is a long standing truth that what hits the U.S. usually hits Canada within 18 months. - hodyoaten, on 10/12/2007, -3/+5I'd like to know who's left that can pay for a $500,000 house. I could yak until I'm blue in the face about the housing bubble, but America has pretty much offshored all of its manufacturing and technology and interest rates are going up, up, up. Where can we expect wealth to be coming from? Who's gonna pay for that $500K house if retail jobs are what's left?
I do sales of goods over the Internet and I find that a bigger proportion of my orders are coming from Europe and the Pacific Rim now. I'm all for it if the U.S. has a healthy outlook, but all the indicators are pointing down the hole. - motionblur, on 10/12/2007, -0/+2Actually, they just announced that home starts are down 40% where I live.
- hawks5999, on 10/12/2007, -0/+2From TFA: "We do, however, estimate that we will deliver a record 4,500 homes in 2006."
Sounds like things are tough all over.
TFA also points out specifically Florida (hurricane capitol of the world), Ohio and Indiana. Having grown up in Ohio I have no trouble believing that housing there is weak.
I have to echo the post from the Vancouver area above. In the Pacific Northwest, there are more new homes and condos going in than you can count. On one corner in Seattle they have demolished office buildings on 2 sides and are erecting high-rise condos. Homes have appreciated by nearly 20% in the last year and, according to zillow.com, in some areas around Seattle 10% in the last 2 months.
"The rumors of my death are greatly exaggerated" - U.S. Housing Market - beervolcano, on 10/12/2007, -0/+2That happened in the US as well.. We built a new house.. The base price when we contracted was $180,000. The day we moved in, about 7 months later, the base price was $234,990. Also, a client of mine bought her house two years ago for around $400,000 and today its worth more an a million.
My point it is, if real estate in Canada is still on the fast track up.. it won't be for long!
There's 17 homes for sale in my small sub-division. - bugsy187, on 10/12/2007, -0/+2The home market doesn't seem very soft in California. Have you seen the prices?! :(
- olegk, on 10/12/2007, -0/+2The title is very misleading. The home prices actually went up, but builder's stock and the number of contracts/sales went down (no surprise here). That means that the market is oversaturated, and home prices probably will go down, as not many people can afford them.
- jo42, on 10/12/2007, -1/+3Just waiting for that bubble to go POP!...
- inactive, on 10/12/2007, -0/+2In my home City of Edmonton, Housing Development is at an all-time high, seriously, a house worth $200K four years ago will almost sell for $400K this year.
- WorldBuilder, on 10/12/2007, -0/+1If a topic falls over in the woods and no one is around to hear it does it sti... Ah to hell with it.
- MikeHinds, on 10/12/2007, -1/+2"So I ask my fellow Senators, are we really that frightened of somebody's willingness to go out and be stupid? In the United States of America, you have a right to be stupid."
-- John Kerry - cocokrisp, on 10/12/2007, -0/+1@jigga82
Actually Reuters is British. You may want to check your facts before making such statements.
http://en.wikipedia.org/wiki/Reuters - FrozenOrb, on 10/12/2007, -1/+2Why are folk marking down the first comment? There's no reason for it.
- Brownds, on 10/12/2007, -0/+1Too bad homes nowadays are built using the cheapest materials around. My parents house is durable as hell, I put like 4 holes in my sisters house while moving her in. I'm buying old reliable when I'm ready.
- trypnotic, on 10/12/2007, -0/+1Having just sold a house in Northern Virginia, I can tell you that this isn't so. The market has become soft. My house was on the market 6 months and I had to cut the price about 20%, and finally accepted an offer 25% less than my original asking price. A year ago, there would have been multiple bids to sort through and I would have sold it in the first week.
- shosterman, on 10/12/2007, -2/+3I don't see anything wrong with the first comment listed. I am also American and therefore assume the article is also American-centered, but I certainly don't think the comment was rude or accusing. The author simply pointed out a valid argument with the title.
Yes, Digg was started by an American, but isn't the Internet itself a global entity, albeit virtual? - DevilsFan, on 10/12/2007, -0/+1Here's an interesting site to determine the shape of the real estate market in your area:
http://www.benengebreth.org/housingtracker/
The market is about to completely collapse here in Phoenix. In just the last nine months, the available housing inventory has increased by nearly 160%! That's a bubble that's popped. - musters, on 10/12/2007, -1/+1This is definately not the case in Canada, where new home prices have skyrocketed almost 53% in the past 3 years.
- inactive, on 10/12/2007, -1/+1500k is the average price for a home here and that's if you aren't picky about the school district and what your property value will look like in 10 years. Stop throwing away money on rent. I just bought a condo for equity. When I'm ready to sell it's an investment, not a money hole like renting.
- inactive, on 10/12/2007, -0/+0That would be one correct assumption. Especially considering the anonimous internet in which we deal.
- hoppdawg, on 10/12/2007, -1/+1Anyone with cash will be able to pick up cheap ass houses five years from now.
When interest rates and inflation keep going up and people will have to start paying the principle on their interest only loans, there will be foreclosures and a sell off spree.
Most people are banking on high appreciation rates to justify there zero interest, zero down, 50 year ARM's. When this doesn't happen, smart investors will have a housing heyday.
and PS: I hope the federal gov't doesnt bankrupt itself by backing trillions of dollars of homeowner debt courtesy of of freddie mack/fannie may. - tvashtar, on 10/12/2007, -2/+2@bugsy187
I love freedom, what I dislike is sloppy inaccurate writing. It is simply ridiculous to see people here defending a woefully inaccurate headline with some kind of petty nationalism, as if Digg were a flag waving, all American organisation. I would have thought Digg as a whole was above this kind of irrational defence of the indefensible. You are merely confirming the impression of Americans most people already have. - airmann90, on 10/12/2007, -1/+1Yeah, this is US only of course. Homes up here in Northern Alberta, Canada have skyrocketed when it comes to prices. A 90,000$ small home now goes for about 200,000$
- inactive, on 10/12/2007, -1/+1"It is a long standing truth that what hits the U.S. usually hits Canada within 18 months."
So long as the U.S dollar plumets and the Canadian dollar rises, I don't think that will be the case this time around - knupso, on 10/12/2007, -5/+4By you complaining that we are off topic, How does that make you on topic?
- bugsy187, on 10/12/2007, -3/+2@tvashtar
Why do you hate freedom? - akwhitacre, on 10/12/2007, -4/+3It might not have been a precise headline for the full Digg audience, but, heck, the Reuters headline didn't specify U.S. either. The source was "Americentric" too then. Do people have a problem with that?
- jigga82, on 10/12/2007, -2/+1Reuters is an american media organization. Digg is used by people all over the world. Just because I live in america, doesnt mean I own the world. This is why american tourists are hated around the world, cause they think they own it and can do and say what they want. Humble yourselves you aroogant idiots, this is one damn country out of many.
- WorldBuilder, on 10/12/2007, -5/+3Way to get off-topic, fellas...
- Rocksteady, on 10/12/2007, -6/+3they should count canada, our homes and home builders have increasted profits in the 40% area!
- Paktu, on 10/12/2007, -6/+3By asking him why he is complaining about this getting off topic, how does that make you on topic?
- DangerMouse9, on 10/12/2007, -3/+0Canadians are American, Mexicans are American, Brazilians are American... hell, pretty much everything east of the pacific and west of the atlantic is American.
America != United States - gmurray, on 10/12/2007, -5/+1The end of suburbia?
- Canthros, on 10/12/2007, -6/+1@Tarantulus: I think you missed the humor in that statement.
- tvashtar, on 10/12/2007, -22/+17Perhaps this story would have been better titled "New US Homes at their lowest point in 20 months", with an emphasis on the US. We don't all live in the U.S.A: this title would only be correct if it was a global assessment of property - which it is not.
- knupso, on 10/12/2007, -6/+1I'm not the one that cares about being topic now am I?
If i were I wouldn't be posting this nonsense! - diggless, on 10/12/2007, -13/+7i think most people assume the universe is americentric.
- Bantec, on 10/12/2007, -9/+3Is digg a US based company? Wasn't it founded by one of us dumb-@sses. Then it's probably safe to assume that sometimes it will be Americentric. I feel for you. Really, but 'Don't hate the player....'
- Hayl, on 10/12/2007, -16/+10Exactly.
I wish people would insert "USA" into story headlines that were US-only. - Tarantulus, on 10/12/2007, -17/+10Correction: Most AMERICANS assume the universe is americentric
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