That the housing market is good or bad …. media to blame?

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Do you think the media should be the driving force of real estate goes, either up or down? Media isthe a good economic indicator? In 2004, praised the media as dangerous as “red hot” housing market has been and that everyone on the train before jumping too late. “Buy Buy Buy! The American dream of ownership is at hand!” I could not believe the frenzy by the media as if they were created from control monkeys in a zoo that has just escaped from their cage. I was shocked reading the news site, respectively, and the news on television about how the media was only —- fueling this upward trend so readily if his houses may know even the Real Estate! They are journalists only! Second, mortgage brokers and bank sub-prime loans starting Unfortunately throw minimum wage on arbeiteteMcDonalds. Banks were the minimum qualification requirements for employees for the $ 250,000 home loan undHuckepack-doc. She told them not to worry because they could refinance next year if dieImmobilienmarkt is increasing (even if you do not every hour) to set your low interest Accustomed 1% of next year! —- Do not worry because that’s what the media and economic Datenangibt. The market will continue to increase … to … up! Then, collapsed in 2006, the property market and the three quarters of the country inAbschottung. So much for economic data and media. I blame the media for what economists Betrug.Die are just as bad. Check out this negative nonsense written in January 2008 …..” We close the book on the worst year for housing possibly since the Great Depression, “said Joel Naroff, chief economist at Naroff Economic Advisors.” I still think the bottom of the region, but we have not yet come. “We havent yet? Now published after the positive news in January 2008, Bankrate.com said that sales of new ….” The houses are in fact the last day of the month, if only slightly, although the median price back. The core of the post was that the application should accelerate sales and support Aufschwungund probably the “catastrophism” is probably from 2008, too late. sets are still mortgages in the coming months and it will probably take 2-3 mos. werdennach standardized inventory of foreclosures. “Now the question …. Who is right and who is telling the truth? If etstate Real schwanktedurch the opinions of the media? They’re just journalists, promote or destroy any real knowledge of market conditions other than — undÖkonomen thats the shit they are fed from other journalists. What is your opinion?

6 Comments
  1. Reply
    newjerseyguy
    April 30, 2011 at 1:07 am

    ZZZZzzzzzzz …

  2. Reply
    pai
    April 30, 2011 at 1:59 am

    Real state of the RrEAL ESTATE is very poor. The housing shortage only is keeping them floating. No payments are forthcoming from the Mortgagers… Still…

  3. Reply
    godged
    April 30, 2011 at 2:58 am

    I think the media can create a self-fulfilling prophecy.

    I have buyers that continue to hear how bad the market is (in my area it’s not that bad) so they consider holding off because they think prices will continue down.

    Because the media is talking about a recession, I know people who are squirreling money away and cutting way back on their spending, fueling more lack of business and trade.

    I agree with your theory, people believe what they hear.

  4. Reply
    menasha_rabinowitz
    April 30, 2011 at 3:06 am

    The Federal Government deregulated the lending institutions during the Reagan years. Remember what happened during the Saving & loan debacle and the housing meltdown of the late 80’s until the early 90’s. The same thing just happened again. Banks and brokerage (financial) firms loaned money to unqualified recipents and had no intention of holding the paper for years. They immediately sold it to speculators who got caught holding worthless notes.

    Greed is also at fault with many buying homes on the thought that they would make a profit even before they would move in.

  5. Reply
    staciakate
    April 30, 2011 at 3:16 am

    You’re right: the market is bad … but EVERY NIGHT on the news they talk about how horrible it is … which only scares people and makes it worse. I work in a small Century 21 office, and we’ve had about 7 listings and 7 sales this month. That’s not stellar, but it’s certainly not nothing. The media is partially to blame; but so are the lenders who gave out all of the loans to people who couldn’t afford it, as you said. Now is really a great time to buy since inventory is high, rates are down and prices are down.

  6. Reply
    Topex N
    April 30, 2011 at 3:57 am

    well., so many words. The answer is simple. law makers responsible for this mess. If you have stricted law in mortgage industry, even with low interest rate, we would not have this crap today with real estate.

    There would be so many families with not abilities pay for mortgage in those homes with adjustable mortgages.

    there would be a millions made by mortgage lenders

    we did not learn lesson from stock market before y2k, Market bubble,

    now we paying for not preventing real estate bubble.

    what next?

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