Friday, March 14, 2008

Now We Know Who is to Blame for the Housing Bubble: The Media

http://piggington.com/fantasy_in_the_real_estate_business

Check out this quote:


The last portion of the conference, a question-and-answer session, admonished the media for depressing consumer confidence by focusing on only the negative aspects of housing data...

George Chamberlin, a panelist at the event and columnist for the North County Times, said that some news reporters biased their reports because they are jealous of homeowners.

Most real estate agents who spoke at the conference seemed to agree, with one agent suggesting that agents and builders pull all advertising from newspapers until positive articles are printed.


Is there ANY profession in America more discredited than real estate agents? Everybody repeat after me, the housing bubble was caused by 1). greedy relators, 2). greedy mortgage companies, 3). greedy buyers, 4). Alan Greenspan.

Christ!

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