On June 11,
2005 the HousingBubble.com domain name sold on
eBay for $2,225. Just slightly
below the advertised “Buy-it-now” price of $250,000.
Only four
days earlier the fine folks at SocketSite,
having caught wind of the HousingBubble domain name feeding frenzy, and sensing
a Pulitzer in the making, decided
to join the fray. Within hours the
crackerjack SocketSite team registered the infamous NoHousingBubble.com domain
name and listed it on eBay.
Despite
implying a total collapse in consumer confidence should NoHousingBubble be
deemed by the markets to be of less value than HousingBubble, and thus
validating the presence of a Bubble, no one took the bait.
On June 13,
2005 the NoHousingBubble.com domain name auction closed without generating a
single bid. And now we’re out $9.49 for
the registration and listing fees.
All is not
lost, however, as we did receive a very nice email promising to show us “how to
use nohousingbubble.com…to make a serious income that will grow each month and
come to you for years.”
We’re on it.
(yet another SocketSite production)