Real Estate Blog - Is This Really 1929

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Is This Really 1929 - 2.0?

Some financial pundits are hailing this last week's bailouts, bankruptcies and market crash as the most significant since 1929. Former investment banker Pat Kitano will be on Rain Radio today at 11:00am PDT, to sort out the two opposing theories on the market - is this the beginning of Financial Armageddon or is this the massive market cleansing process that investors have been waiting for so that we can call it a bottom? Come join us today on BTR and RainRadio to hear Pat "Voice" his views on everything from 1929 - 2.0 to the Bailouts and economic forcast and future of our great nation.

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Call-in Number: (347) 677-1643

Pat is an ActiveRain Member, also with Transparent RE. Pat is currently co-Founder, Managing Principal of Domus Consulting Group, a management consulting firm working with real estate brokerages, media/publishing companies, and Web 2.0 companies to develop social media strategies, and with venture investors on new business models. He's a regular speaker and commentator on real estate industry and technology issues and is always on the lookout for a "transparency" angle. Since graduating from Cal Berkeley (Geophysics) and Columbia University (MBA), he's been involved in four competitive industries - films, investment banking, internet technology and real estate.

Pat has been helping to put on the Social Media Networking and Marketing Webinars for many of our ActiveRain members. His Blog, Transparent Real Estate covers strategy, innovation, economy, intelligence, and technology. Our webinars take place every Friday morning at 9:00am PDT and 12:00pm EST.

"Domus Consulting Group is a leader in the development of a new social media platform they simply call the “Social Media System“. This system enables companies, organizations and groups to create powerful effective social networks WITHOUT REQUIRING THEIR PARTICIPANTS TO BLOG. Using various popular applications like Twitter and Friendfeed, and bookmarking tools like del.icio.us, our Social Media System facilitates real time news wires. We developed the System because blogging can be challenging, but participating in the various social media is easy and fun." Pat Kitano

For upcoming future shows, or to hear any previous shows on RAIN Radio, you can listen to all our past guests and archived broadcasts at BTR. We really are trying to make a difference, just one voice at a time.

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Posted by Brad Andersohn ~ Community Manager on 09/25/2008 11:09 AM

Comments (37)

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Originally posted at: Real Estate 2.0 Technology : Is This Really 1929 - 2.0?

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37 Comments on Is This Really 1929 - 2.0?

SEP

2008

Whoa! First to comment. Better get this in fast. I'm looking forward to hearing what Pat has to say. Thanks, Brad.

Mike in Tucson

I am a huge fan of Pat and had the pleasure of getting to hear him live and meet him at RE Tech Soth last year. I just wish this had been announced sooner - I have showing appointments this afternoon. Hopefully it will be available to at least listen to later.

Sounds like you are going to have a great show today. I wil be sureto tune in!

The timing couldn't be better. I hope I can listen in -- I will have to see how the day develops.

Mike - LOL!~ I tried to be the first comment, but I got the dreaded Proxy Error...all morning. So a diversion to get it corrected allowed you first spot! haha. Thanks, I hope you'll join us. :-)

Michelle - sorry for the late announcement post, you can always hear the shows on the RAIN Radio site, or I also have them over on the right side of my Blog on the sidebar. Good luck with your showing appts today. :)

Great Feature Brad. We'll be sure to listen. btw: you have mail.

UPDATE: fundamental agreement to Bailout has just been made.

Ryan - Great, be sure to call in if anything provokes your thoughts or if you have any questions. Pat says he'll be sharing the "Good News" today. Glad you'll be there, I hope you'll enjoy the program today. :-)

Joan - I agree, the timing for this one is "Right On!" Hope your day develops into one that allows you to come keep company with us. :-)) There will be some great discussions, questions, and useful information.

Thanks Victor - the email box is full today, but I'll have to deal with that after the broadcast! lol~ I'll look for yours right away my friend. Thanks. :-)

Sounds like a great show. I'm not going to be able to listen I have an appointment. Is this call going to be recorded?

Thanks for sharing this -- am off to check it out. appreciated!

I am really hoping to catch this show today! I am sure it will be filled with a lot of useful info!

Brad-I look forward to listening to it. I'll have to listen to it on BTR as I have homework for an evening class and also listen to some of the past speakers. There is so much great info here on AR and I just want to say thank you for such a wonderful job. I'm fairly new to AR and love it. It is very addicting though.

i JUST CALLED IN AT THE END OF THE SHOW AND MISSED THE CHANCE TO TALK TO PAY

Very fascinating topic here on this one. I hope we all get the recap of the highlights. Thanks Brad.

For those of you who were on the chat line, I apologize for my multi-tasking skills, It looks like I had too many windows open at once. This new feature we've added will be great and allow you to participate without having to call in. (Once ActiveBrad gets his Act together.. LOL) Thanks to the chatters who joined us, I'll make sure I have it working correctly next week and for future shows. :-)

Pat discussed some really interesting concepts and opinions on the broadcast today. I for one am "banking" on his optimistic point of view for the future of the nations financial economy after the bailouts. This was one of those timely topics I felt members and consumers might just want to hear about.

Anyone who missed this broadcast can listen to the recorded session anytime and at your cnvenience.
Just listen to it by clicking on the widget that is located on my sidebar (to the right) under my photo.

Click on graphic above if you wish to leave a comment at the site,
please be sure to take a second and rate the show while there. :-)

Brad & Company -

Bailout agreed to in principle - let's see if it gets through Congress quickly.

Sorry, I missed the radio interview, and I'm no expert in financial history, but I have heard many say the crisis in credit was similar to the stock market meltdown, fueled by highly-margined stock buyers, back in 1929.

There were no money market funds to speak of back then, and mortgage lending was a whole different animal, but the wild exuberance of the Roaring 20's, with wild spending and little forethought, has, in hindsight, many relatives here beginning in the 1980's.

Indeed, Depression can happen again - although few thought it was possible.

Thanks for the update - we look forward to future Rain Radio interviews.

DEAN & DEAN'S TEAM CHICAGO

Brad,

I just found this post. I believe between the sub-prime meltdown and high gas prices they accelerated a problem that has be brewing for years.

It is sad to think about what could possibly happen to our econemy...

HOUSING BUBBLE VS. GREAT DEPRESSION VIDEO

Have you seen this one?

Brad, For most of this afternoon- EST from about 1;30 to 3:30 I couldn't get on Active Rain, kept getting the Proxy error message. Must have been a ton of people listening to this show. Will it be available online soon? Hope so, I'm sorry to have missed it.

Brad, I couldnt' get on either. I've been getting serious proxy errors now for four days. I got on this morning for about 1 minute, got bumped and couldn't get a login that would work for two hours. Finally quit trying as I went out of hte office.

I've been going crazy with proxy errors too, btw.

Thanks for the links Brad!!

Well here I sat thinking crap I missed this and then I get to the bottom and find out about blog radio. HUGELY awesome as I really wanted to hear Pat's take, guess I'll try to re-tune in tomorrow.

Thanks wished I could have listened in. Next time I will.

Brad I enjoyed the chat room feature...I think it will make things much easier.

SEP

2008

Brad, another great program missed. I am always working...I guess I can't complain but one of these days I would love to be able to listen. You have some great guest speakers. This is such a win, win for everyone. Thanks for starting this and for all your hard work. You're the best!

Brad thanks for recording the interview. It'll be convenient to go back and listen.

Will have to make it a point to listen in in a bit :)

The Bailout is a scam to take more money from the people and give it to big businesses. One one hand they say the people shouldn't have taken those loans ,then instead of helping 300,000 people in foreclosure, they reward the banks and corporations with billions of dollars. Americans need to wakeup and see this scam for what it is. The average american will not see any difference from this bailout, as a matter of fact, if the people shouldn't have taken the loans and our losing their house, shouldn't the people running and investing in these bad corporations lose money for making the wrong choices. The rich investors will again take money from average americans and bail out their own bad choices while leaving the average american who tried to buy a home stuck with their choices.

Frankly, nobody really knows whether this bailout will work or is a scam... however every day the bailout is postponed is a day when nobody UNIVERSALLY is lending any money. The cost of this paralysis could kick off a death spiral of unnecessary bankruptcy on all levels of society, so some sort of resolution need to happen. I find the politics of the bailout intriguing and it keeps me glued to CNBC and the news media. I'm chronicling the bailout in a picture comics format at Transparent Real Estate:

Senate Bailout Hearings in Pictures - Part 3
Friday, September 26, 2008
Senate Bailout Hearings in Pictures - Part 2
Friday, September 26, 2008
Explaining the Senate Bailout Hearings in Three Pictures
Wednesday, September 24, 2008

Ross - thanks for the comment, not sure about the whole scam thing, but who really knows. :-/

Pat - thanks for stopping by and thanks for being on the show. You shared some great insights and information, I hope readers will go and listen to the recorded broadcast. I'm off to check out the links you left now. BTW - Great webinar today my friend, have yourself a FANTASTIC Weekend. Thanks again. :-)

SEP

2008

Brad - I listened to the whole thing today - lol, I missed it by one day - however it was great and I really appreciate you and Pat and Kevin sharing all this great info. You're doing a great job

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