Saying Christmas is near
They ring out to tell the world
That this is the season of cheer
I hear a choir
Singing sweetly somewhere
And a glow fills my heart
I’m at peace with the world
As the sound of their singing fills the air
Oh why can’t every day be like Christmas
Why can’t that feeling go on endlessly
For if everyday could be just like Christmas
What a wonderful world this would be
I hear a child
Telling Santa what to bring
And the smile upon his tiny face
Is worth more to me than anything
If Every Day Was Like Christmas — Elvis Presley
In many ways blogs are uniquely personal things. The personalities of the contributors and commenters shapes the conversation and gives the blog a personality all its own. The Irvine Housing Blog is a community — a community of like-minded individuals (and recovering kool-aid addicts) who have come together to make sense of the very unusual events we have witnessed in our housing market.
There are a number of great housing and real estate blogs. Calculated Risk is one of the finest, and the discussions over there are very cerebral. Quite honestly both Calculated Risk and Tanta are more intelligent and more experienced than yours truly. I go to their blog frequently to keep up on the evolving nature of the intellectual discussion of the issues surrounding housing. However, residential real estate is an emotional issue as well. A heady discussion of real estate matters is a useful part of the discourse, but the emotional aspect is equally important. This bubble we are living through was not created by logic or fundamentals: it was a perfect example of irrational exuberance.
Discussing and expressing the emotional side of the bubble is part of my mission as a blogger. I know I am not the only one with a Reservoir of Schadenfreude. I must confess that I enjoy going over to Housing Panic and reading the unbridled emotional release you find there. I couldn’t maintain the level of intensity Keith does and stay sane, but there are times when letting loose is appropriate, and Housing Panic is a place to do it.
Some people come to this blog for the analysis; some come for the schadenfreude. We welcome both groups. Some would like this blog to limit itself to analysis, and some would like nothing more than daily doses of schadenfreude. When I write for the blog, I want to express myself fully. I do not want to ignore my emotions nor do I want to discard my intellect. More of one side or the other may come out during any given day, but over the course of time, I hope I achieve a balance in my posts just as I hope to achieve a balance in my life.
Life is about balance; it is about being aware of your intellectual and emotional intelligences and being able to manage both. During a financial mania people allow their emotions to override their intellect, and the results are not pretty. It is only through the interplay of the intellect and the emotions that we can gain a deeper understanding of what really happened in the Great Housing Bubble.