{"id":81862,"date":"2016-10-22T05:00:51","date_gmt":"2016-10-22T11:00:51","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=81862"},"modified":"2021-03-16T12:12:45","modified_gmt":"2021-03-16T18:12:45","slug":"biggerpockets-12th-birthday","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-12th-birthday","title":{"rendered":"Let\u2019s Laugh About How the World Has Changed Since 2004&#8230; (And Happy Birthday, BiggerPockets!)"},"content":{"rendered":"<p>Where were YOU in 2004?<\/p>\n<p>I know where I was\u00a0&#8212;\u00a0sitting in a dark basement trying to create something that had never been created before: a community for real estate investors to gather online, share ideas, learn, network, and achieve greater success.<\/p>\n<p>People called me crazy, said I was wasting time, that a person can\u2019t build a business giving away information for free.<\/p>\n<p>So 12 years ago &#8212; today &#8212; I decided to ignore the naysayers and click \u201cpublish\u201d on that very first piece of content on BiggerPockets.<\/p>\n<figure id=\"attachment_81864\" aria-describedby=\"caption-attachment-81864\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-81864\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/BiggerPockets_com_Real_Estate_Investing_-_REO__creative_real_estate_financing__income_properties__foreclosures__and_more.jpg\" alt=\"biggerpockets_com_real_estate_investing_-_reo__creative_real_estate_financing__income_properties__foreclosures__and_more\" width=\"700\" height=\"390\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/BiggerPockets_com_Real_Estate_Investing_-_REO__creative_real_estate_financing__income_properties__foreclosures__and_more.jpg 2234w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/BiggerPockets_com_Real_Estate_Investing_-_REO__creative_real_estate_financing__income_properties__foreclosures__and_more-300x167.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/BiggerPockets_com_Real_Estate_Investing_-_REO__creative_real_estate_financing__income_properties__foreclosures__and_more-768x428.jpg 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/BiggerPockets_com_Real_Estate_Investing_-_REO__creative_real_estate_financing__income_properties__foreclosures__and_more-1024x570.jpg 1024w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-81864\" class=\"wp-caption-text\"><em>The very first iteration of BiggerPockets.<\/em><\/figcaption><\/figure>\n<p><em><strong>So yes &#8212; today is BiggerPockets\u2019 12th Birthday!<\/strong><\/em><\/p>\n<p>I don\u2019t need to tell the whole story of how BiggerPockets came to be the largest real estate investing website online, as I\u2019ve told the story many times before. (If you want to hear the story, be sure to listen to <a href=\"https:\/\/www.biggerpockets.com\/show100\" target=\"_blank\">episode #100 of the BiggerPockets Podcast<\/a>.)<\/p>\n<p>Instead, I want to have some fun looking at the differences between life in 2004 and 2016, as a way for all of us to look back and see how far we\u2019ve come.<\/p>\n<p>So without further ado, let\u2019s take a look&#8230;<\/p>\n<h2>2004 Notable Events<\/h2>\n<p>In October 2004, Ken Jennings was impressing the world with his incredible 74 consecutive wins on Jeopardy.<\/p>\n<p>On October 27, 2004 the Boston Red Sox won the World Series for the first time in 86 years &#8211; boo (Go Mets!)<\/p>\n<p>2004 was a big year for the iPod (yes, this is long before the iPhone ever made an appearance). Still just a blue screen with black text, the iPod really took off in 2004 and began to dominate the mp3 market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-81863\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/IPod4G-2.jpg\" alt=\"ipod4g-2\" width=\"222\" height=\"365\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/IPod4G-2.jpg 800w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/IPod4G-2-183x300.jpg 183w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/IPod4G-2-768x1261.jpg 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/10\/IPod4G-2-623x1024.jpg 623w\" sizes=\"auto, (max-width: 222px) 100vw, 222px\" \/><\/p>\n<p>The #1 song in the country while BiggerPockets was birthed into the world was &#8220;Goodies&#8221; by Ciara.<\/p>\n<p>Yes, we all still hate that song, but now it&#8217;ll be stuck in your head all day. You are welcome!<\/p>\n<p><iframe loading=\"lazy\" title=\"Ciara - Goodies ft. Petey Pablo (Official Video) ft. Petey Pablo\" width=\"640\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/YtC92pzp5vw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Also, in late 2004, Britney Spears had just married Kevin Federline. That was weird.<br \/>\n<em><br \/>\n<strong>Related:<\/strong> <a href=\"https:\/\/www.biggerpockets.com\/blog\/2016\/08\/03\/real-estate-investors-learn-biggerpockets-the-businesswebsite\/\" target=\"_blank\">What Real Estate Investors Can Learn from BiggerPockets (the Business, Not the Website)<\/a><\/em><\/p>\n<p>Finally, one of the most critically acclaimed, heartwarming, and moving films of the century was released just before BiggerPockets emerged &#8212;\u00a0<em>Team America: World Police<\/em>.<\/p>\n<p>https:\/\/www.youtube.com\/watch?v=RPBX47zSktc<\/p>\n<h2>2004 vs. Today<\/h2>\n<p>In 2004, a gallon of milk cost an average of $3.23; today the average is $3.31.<\/p>\n<p>In 2004, a gallon of gas hit a record high of $2.04, whereas today our national average is $2.26<\/p>\n<p>A BigMac in the United States was just $2.90 in 2004, but today if you want to feed your face with that grease, you\u2019ll pay $4.79. (Yes, there actually is a <a href=\"http:\/\/bigmacindex.org\/\" target=\"_blank\" rel=\"noopener\">BigMac Pricing Index<\/a> that measures the price growth of a BigMac over time.)<\/p>\n<p>The federal minimum wage in 2004 was $5.15, compared to today\u2019s federal minimum wage of $7.25 per hour.<\/p>\n<p>2004 was also a big year for a company you\u2019ve probably never heard of: Google. Had you invested $10,000 in 2004 on the date of their IPO, today you would have $139,458.82.<\/p>\n<p>Of course, not everyone was smart enough to invest in Google in 2004, so let\u2019s look at just the S&amp;P 500. If you invested $10,000 there in October of 2004, today you\u2019d have $24,900. Not quite as good &#8212; but you would have more than doubled your money (<a href=\"https:\/\/dqydj.com\/sp-500-return-calculator\/\" target=\"_blank\" rel=\"noopener\">Source<\/a>).<\/p>\n<h2>Real Estate Investing Over the Past 12 Years<\/h2>\n<p>In 2004, the national median home price average was $187,500. Today, the median existing home sale sits at $234,200 (<a href=\"http:\/\/money.cnn.com\/2005\/02\/15\/real_estate\/metromarkets\/\" target=\"_blank\" rel=\"noopener\">Source 1<\/a>, <a href=\"http:\/\/www.realtor.org\/research-and-statistics.\" target=\"_blank\" rel=\"noopener\">Source 2<\/a>).<\/p>\n<p>And speaking of real estate, the big real estate story of 2004 was <em><strong>growth<\/strong><\/em>.<\/p>\n<p>Between Q4 of 2003 and Q4 of 2004, most\u00a0cities saw MASSIVE valuation climbs. A record number of metropolitan areas (62 out of 129) saw double-digit home price gains in that year. Las Vegas, for example, saw a 47.3 percent gain in median sales price. San Bernardino and Riverside counties in California saw a 34.7 percent gain. A quote I found from the National Association of Realtors from that time summed 2004 up well, stating, &#8220;Anyone looking for signs of weakness in the real estate market will be disappointed.\u201d<\/p>\n<h2>The Future of Real Estate Investing<\/h2>\n<p>Finally, learning about real estate investing has changed dramatically over the past 12\u00a0years.<\/p>\n<p>I started BiggerPockets in an effort to answer my own real estate questions. Back then, if you needed specific help with a problem, the education market was cornered by the get-rich-quick gurus who wanted to charge tens of thousands of dollars for their \u201chelp.\u201d<\/p>\n<p>But BiggerPockets changed that.<\/p>\n<p>Today, BiggerPockets has over 600,000 members in the community, and\u00a0we reach well over 2\u00a0million people each month through the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a>, the <a href=\"https:\/\/www.biggerpockets.com\/books\" target=\"_blank\">books we\u2019ve published<\/a>, the <a href=\"http:\/\/www.youtube.com\/biggerpockets\" target=\"_blank\" rel=\"noopener\">videos we have on YouTube<\/a>, and the word of mouth that has been the primary growth strategy for all 12\u00a0years.<\/p>\n<p>And best of all &#8212; I didn\u2019t do\u00a0that.\u00a0The community did.<\/p>\n<p>Twelve years ago, I began building a platform that would allow real life real estate investors teach one another, guide one another, and help one another become more successful. I didn\u2019t know what I was doing at the time, I just knew that <strong>greater gains can be made through cooperation than competition.<\/strong> (<em>Feel free to <a href=\"http:\/\/ctt.ec\/fDh51\" target=\"_blank\" rel=\"noopener\">Tweet that quote!<\/a> It&#8217;s not every day I get a zinger!<\/em>)<\/p>\n<p>And over the past 12\u00a0years, we\u2019ve seen that vision manifest itself time and time again.<\/p>\n<p>BiggerPockets is still young. We\u2019re still growing. Still innovating. Still learning.<br \/>\n<em><br \/>\n<strong>Related:<\/strong> <a href=\"https:\/\/www.biggerpockets.com\/blog\/2013\/04\/14\/best-real-estate-books\/\" target=\"_blank\">BiggerPockets Presents: The Best Real Estate Books Ever<\/a><\/em><\/p>\n<p>Twelve years might be a long life for an internet company, but we\u2019re just getting warmed up.<\/p>\n<p>Over the next few months and years, we have some pretty remarkable things coming out that will not only help our members achieve greater success, but that we believe are going to change the entire real estate industry to the core.<\/p>\n<p>Big things are in the works, and I\u2019m more excited today than I was 12\u00a0years ago.<\/p>\n<p>We\u2019re in for a wild ride.<\/p>\n<p>And for those who get nervous about change:\u00a0don\u2019t worry. With all the new stuff we are working on, you are still going to see BiggerPockets continue to do what it\u2019s always done: change people\u2019s lives through free real estate education, networking, tools, and community.<\/p>\n<p>Thank you for being with me on this journey as we change the world, one real estate investor at a time.<\/p>\n<p><strong>Happy birthday, BiggerPockets!\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twelve years ago, a BigMac cost $2.90, the iPod took off, and Britney Spears reigned. And in the world of real estate, a site called BiggerPockets was born.<\/p>\n","protected":false},"author":827,"featured_media":81868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5528],"tags":[],"class_list":["post-81862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/81862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/827"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=81862"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/81862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/81868"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=81862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=81862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=81862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}