Quote:
|
Originally Posted by jjdees
The media started talking about a bubble bursting than switched to the subprime problem. That still doesn't explain the slowdown in the market. The media pushed the issue so much, there's a general fear that prices are going to go down substantially.
|
Over the years, I've tended to blame the media for everything, maybe unfairly, I don't know.
But this housing market burst, and the sub-prime problem, I believe are ABSOLUTELY a fire being fanned by the incredible media attention!!!! The media has the average person, who is probably a bit gun-shy about pulling the trigger on a home purchase in the best of markets, petrified of buying a home at something other than the absolute lowest price point in history!!! If people would only calm down, and decide on their home purchase based on a consideration of the long run, they will realize their home value, while possibly dropping some over the short term, will be a good long term investment.