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And I Thought You Were My Friend...


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2007 Oct 11, 5:08pm   23,686 views  227 comments

by SP   ➕follow (0)   💰tip   ignore  

I thought you were my friend...

I noticed that every housing-related article in my rss-feeds today has a negative headline. Negative reports on housing sales, housing starts, home-builders, mortgages, and housing prices. If they aren't predicting further drops, then they are blaming slow retail sales on housing and mortgage problems. In more and more articles, the REIC are being fingered as accomplices to fraud.

Boston Globe: "The US housing bust is like a leaking ship."
Bloomberg: "Retail Sales Slowed as Housing Fell"
Valley Tribune: "Realtor faces trial in alleged scam"
NBC: "Officials Say Mortgage Fraud Is Growing Problem"
AP: "Bear Stearns Predicts Ripple Effect of Real Estate Decline"
Bakersfield Californian: "Realtor Offices Raided By FBI"
Los Angeles Times: "Home prices expected to drop"
:
:
and so on.

When they actually quote from a shill - either a realtor, or a NAR-dummy, or a home-builder - it is invariably with a counterpoint from a more credible source.

Has the MSM has finally clambered on to the bandwagon and left the REIC to fend for itself?

Should Patrick start reporting on articles that are still bullish on housing? Those are becoming harder to find!

SP

#housing

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227   SP   2007 Oct 18, 1:33pm  

@DinOR said:
SP Engineering

Sounds like a plan - so what exactly would we do? Or is that not that important? I know a couple of people who followed this plan:
Step 1: Form a company, design a "cool" logo get cards and stationery
Step 2: T.B.D.
Step 3: Complete global domination

It is a great plan, but they are still stuck on step 2. :-)

SP

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