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:
I want those 4 minutes of my life back.
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.
Even the “experts” get wrong.
http://online.wsj.com/article/SB10001424052702303627104576411850666582080.html?mod=WSJ_WSJ_US_News_10_1
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.
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?
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.
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.
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.
Fixed it for you Jim- circa 2006
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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.
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Time magazince covers….its a whole new paradigm….David Lereah….
You take the good with the bad Jim