Do first, think after

I'm currently working on a side project: bangkokcrisis.com.

The project started on March 11 2009 and has cost me 194.50U$ so far and around 50 hours of partly-outsourced work.

Here is the concept: In the next 3 months or so, because of the economic crisis, (many) people will have to sell 'urgently 'apartments they bought (often at premium prices) in 2007/2008. Here is an opportunity for people with cash or good credit ratings to buy real bargains.

As a free email alert service, Bangkokcrisis.com sends its subscribers each week a list of urgent sales (5-10 apartments) with seller or agency contact details.

I have a small team (2 people) browsing and analyzing an updated list of urgent sales each week, from listings we gather from a dozen of thai classifieds websites and real estate agents. We only send to our subscribers what we believe are actual bargains.

The project is taking off steadily (250+ people have subscribed to the service so far) and I am thinking to expand the idea to other cities.

If you are interested in the Bangkok market, feel free to go to Bangkokcrisis.com and add yourself in the list - it's free!