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!
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I love it. NO TAXES ON CAPITAL GAINS!!
Fritz,
I have been saying this for over a year now. Our media is largely to blame for the current housing market conditions. Do you not think that if the media would sensationalize house-buying that it would create a buying frenzy?
The problem with our media outlets is that they see increased ratings from the sensational stories and wall-to-wall coverage of certain events. If they would simply report the news instead of injecting it with opinion and drama, we may be okay right now!
Great Points Fritz. Good to see you blogging, my boy.
Brian
Thanks Brian! Good to hear from you!
-Fritz
Do you remember when the media used to be proud to live in this country? They forget that this country has given them the freedom to do what they do without someone telling them what to say and when to say it. They have learned to abuse the system to further their own agenda, but what they forget is that there agenda will take that freedom away one day.