More Control Than They Deserve

Are we giving the media more control than they deserve? I mean look how easy it has become to track real estate activity based on what's reported in the media as the daily mantra. Sure there are problem areas across the country, but for the most part I believe there is pent up energy to buy real estate and many markets are in fairly decent shape with only a minimum roll back in prices from their highs. For example, we had a great September in our local market place and it looked like things were really starting to shape up, until the media starting beating the Great Depression mantra.

Does anybody think for one minute in this world wide economy that the richest nation on the face of the planet is going to be let slip into a depression? Sensational journalism and fear mongering have contributed to the worst panic sell-off in history, but I believe you will see the markets recover rather quickly. I for one am tired of the sensationalism.

One last thought: How about no taxes on capital gains? Now that's a stimulus package that would pump sidelines dollars into real estate.

Regards!