Gov 2.0 Idea Starter: Using social media to bring about reforms / prevent another housing bubble
Friday, March 5, 2010 at 6:41PM 
Attending Gov 2.0 Camp New England at Harvard Kennedy School of Government. You can watch online at http://bit.ly/gov20ne. Hope others in attendance and online participate in these real estate roundtables and ongoing working groups. Follow http://Twitter.com/RealEstateCafe for more information.
TOPIC REQUEST / IDEA STARTER: With one in four homeowners upside down on their mortgage, how can social media be used to:
1. Bring about long overdue real estate reforms to prevent another housing bubble, and
2. Create a national network of self-aggregating, local home buyer clubs?
3. If appropriate, can post a link to 12 idea starters (eg. Should BLIND bidding wars be regulated? Best tools to launch eCampaign / Implement regs) or share privately.
4. If anyone else is interested, need to schedule round table BEFORE NOON and would like to encourage housing advocates, foreclosure prevention counselors, and real estate consumer advocates nationwide to participate online.
Bottomline: Goal is to seed working groups eager to use social media to develop reform agenda and implement / public information / education campaign. Follow http://Twitter.com/RealEstateCafe for more information or email The Real Estate Cafe.
Gov 2.0, eGov, gov20ne in Bidding wars, Bubble Hour, Commission Reform, Consumer protection, Defensive Homebuying, Dump Dual Agency, Foreclosure Prevention, Homebuyer Clubs, RECALL: Real Estate Consumer Alliance, Real Estate Bubble, Real Estate Consumer Bill of Rights, Real Estate Roundtables, Tech Trends, iPetition
Reader Comments (15)
Comment posted to new series on WBUR:
The Depreciating American Dream: Homebuyer’s Remorse
http://bit.ly/DepreciatingDream
Will any of the next segments in this series deconstruct this paragraph and related facts?
"Then one day Calvin’s good friend, and C.J.’s godfather, came over. This friend had just become a realtor. He told Calvin that paying a mortgage probably wouldn’t be much more than the rented apartment."
1. Did the friend represent the family as their buyer agent?
2. Did the friend or the new agent's employer also represent also the seller (or developer)?
3. If there was a conflict of interest, was the buyer informed that might bias the advice they were given?
4. Regardless of whether there was a conflict of interest, was the buyer warned there were signs the housing market had peaked and prices could fall?
5. IF the agent / friend initially said "paying a mortgage probably wouldn’t be much more than the rented apartment," AND their friend / buyer client end up "paying $700 more to live in their condo than in their old apartment — almost twice as much" should the agent or their brokerage be held accountable for negligence?
6. With one in four homeowners upside down on their mortgage, what regulatory reforms are needed to protect real estate consumers and prevent another housing bubble?
7. Will the WBUR series end with some way to channel anger and ideas into real estate reforms and consumer protection? At a minimum, hope others are willing to join a working group. Here are some idea starters:
http://bit.ly/ConsumerProtection20
Real Estate Professionals will benefit greatly by building their business in 2010… I appreciate this post. Thanks
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One of most informative real estate blogs. Hope to see more good things in next visit. Thank you for this
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nowadays social media is very useful great way to promote your site or product.
Real estate is one of the best businesses now a day. Nice real estate blog. Thanks
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This sounds really interesting. I haven’t heard about anything like this previously. I have huge interest in real estate. Thanks
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Yeah, I agree it is interesting... we'll see what happens!
Will the WBUR series end with some way to channel anger and ideas into real estate reforms and consumer protection? At a minimum, hope others are willing to join a working group. I haven’t heard about anything like this previously. I have huge interest in real estate. Thanks
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Real Estate
Social media is the best way to promote your business today.
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