Housing-Bubble Blogging Gets Notice

The San Diego Union-Tribune reports:

For Rich Toscano, the most surreal moment in his tenure as housing-bubble blogger came when a Money magazine reporter called to discuss the San Diego market.

Rich Toscano tracks the housing market on his Web site, Professor Piggington's Econo-Almanac for the Landed Poor. He thinks San Diego home prices are poised to fall.
"He said, 'I just got off the phone with (Nobel Prize-winning economist) Milton Friedman. He wasn't too helpful. Now I'm calling you,' " Toscano recalled.

Bloggers don't have to kow tow to the real estate industry which buys a lot of paid advertising in the newspapers.