Five and a half years ago, I launched Seattle Bubble with a simple goal in mind: Analyze the Seattle-area residential real estate market and provide a forum for people to discuss ideas and share insights.
While the housing market has had it’s ups and downs (and way downs) over the years, growth at Seattle Bubble has been nothing but up, up, up. Today, thousands of people visit every day to learn about the latest market happenings and participate in the lively discussions. Earlier this week we even passed the hundred-thousand comment mark.
You—the astute, sharp-witted, and attractive readers of Seattle Bubble—saw the bursting housing bubble a mile away. You wisely avoided the hype. You told Suzanne to stuff it, and did your own damn research.
In the end though, all you got out of all that hard work was the satisfaction of saving hundreds of thousands of dollars on your next home and the right to brag about your foresight online and at parties with underwater homedebtors.
Where the market is headed tomorrow, next month, and next year is anybody’s guess. Of course, you don’t have to guess. You can research the fundamentals and figure it out for yourself… but why bother, when the rewards are so slim?
That’s why today I’m proud to announce the a way to turn your wisdom about the future into cold, hard cash. Introducing the Seattle Bubble Real Estate Speculation Exchange, or RESEx, for short.
I know what you’re thinking: “How can that be possible? How does RESEx work?” Great question. I’m glad you asked.
With RESEx you can invest your long-saved dollars in indices based on individual homes. Is your best friend’s Crown Hill craftsman crashing? Cash in by shorting his home’s stock, or loading up on put options.
You can also use RESEx to make a call on an entire neighborhood. Is Ballard about to boom? Load up on some shares, quick! The financial opportunities made possible by RESEx are endless.
RESEx launches today (April 1st) in Seattle, with expansion to an additional 25 major U.S. cities planned by the end of 2011.
Finally the time has come to cash in on all of that hard-earned housing market insight. Join RESEx, and start building your future today.