More Psycho-Babble

by | Aug 10, 2011 | Market Conditions, Psycho-babble | 9 comments

When the mainstream media starts talking to people who are actually participating in the marketplace, then we’ll have a consistent and accurate view of what’s happening.  Until then, we’ll have guessers like these who come off as experts, but are really just grasping at straws:

9 Comments

  1. LM
    LM on August 10, 2011 at 11:22 am

    I want those 4 minutes of my life back.

  2. pemeliza
    pemeliza on August 10, 2011 at 11:34 am

    It is amazing to me how many “experts” are still insisting that short sales are the answer to this problem. Pull the plug and let the free market sort it out. With the 30 year fixed headed below 4% now is as good a time as any to liquidate the weak hands.

  4. Susie
    Susie on August 10, 2011 at 12:16 pm

    This is the first video on bubbleinfo that I make a conscious decision NOT to watch.

    Your turn, Jim! Sit down and educate the masses. You’re on the street! You’re the best expert out there in real estate land day after day.

  5. livinincali
    livinincali on August 10, 2011 at 12:39 pm

    I’m not entirely sure what the point of that video was other than the consensus on Wall Street is that homes prices are within 5-10% of a bottom and that buyers should target short sales in order to get a deal.

    I’m kind of curious as to what Jim would say in a 2 minute sound bite about San Diego/NCC Real Estate. What are the top 3-5 points to take away from what’s really going on in the market. Is the media blatantly wrong or are they just focusing on the wrong things?

  6. Jim the Realtor
    Jim the Realtor on August 10, 2011 at 1:11 pm

    Is the media blatantly wrong or are they just focusing on the wrong things?

    The problem is that the media just sticks a microphone in the face of so-called experts, and then twists the questions so they get the desired results.

    They want controversy, and doom. That’s what sells.

    The media doesn’t do investigative reporting any more, they just keep pushing the same ideas without questioning them.

  7. livinincali
    livinincali on August 10, 2011 at 2:22 pm

    I tend to agree that often the media is often just trying portray something that they think will generate ratings, but what is the possibly boring reality within the constraints of 4-5 30 second sound bites. What would be the honest assessment of reality of the real estate market in the time constraints of a news program.

    I honestly didn’t see an excessive amount of doom in the linked video, although I tend to laugh at the shills on CNBC. It is CNBC after all, they pretty much are always pushing the bullish investment scenario since the bulk of their advertising dollars are coming from investment advisers who make money keeping you in the market.

    The jist of most CNBC housing takes is housing has problems but don’t let it effect your stock and bond investment decisions. Their goal seems to be to discount housing relationship to the economy.

  8. James D
    James D on August 10, 2011 at 3:34 pm

    Jeez is housing stock really drying up in AZ? I find that ridiculously hard to believe.
    Miami too? I am sure they arent far from peak.

  9. LM
    LM on August 10, 2011 at 4:47 pm

    Fixed it for you Jim- circa 2006
    _____________

    The problem is that the media just sticks a microphone in the face of so-called experts, and then twists the questions so they get the desired results.

    They want hype, and glory. That’s what sells.

    The media doesn’t do investigative reporting any more, they just keep pushing the same ideas without questioning them.
    __________________

    Time magazince covers….its a whole new paradigm….David Lereah….

    You take the good with the bad Jim

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