Real Estate News Stories. Every day real estate news stories on the evening news, Internet, newspapers.... bombard us with headlines such as..."Vacant Homes Increase" "Foreclosures Rise" "Home Sales Slump...etc." The headlines that hit the wires are the stories that real estate agents have known for months! 9 out of 10 homes we show are vacant in some price ranges. So no DUH!" Too bad the media does not report that many homes are over priced by inexperienced agents and greedy sellers. Many homes are just way overpriced and will never sell. In fact they do not even belong on the market. Other stories that the media should report about is that some folks just over paid without ever qualifying what they were buying. They made fatal mistakes of not having an experienced buyer agent advise them. They purchased a home directly from a builder, and in spite of what they think, they did not get a deal! Who's problem is that?
The truth is... some folks without money should never have purchased a home. They would be much better off renting. They were irresponsible with financing prior to the purchase, had no vision of what home ownership entailed, and are living in pain as a direct result of their own actions. When will the media report what has really happened?
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Jim,
This post touches a chord!!! There is so much 'fiscal irresponsibility' around, you must wonder what is really being taught in schools!!! Thanks, Fran
Jim , I so agree, Media needs to tell the truth about the market