Why does the media often mislead us?

Why does the media often mislead us?
by Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate

Certain markets boomed more than others in the past few years.  Certain markets didn't boom at all.  Some boomed and are now coming down.  For some, the bottom isn't quite in sight yet.

I run across may articles as I traverse the internet and I came across this one today from money.cnn.com.  The article highlights ten cities that "have just about hit rock bottom" and are good best for investors to put their money into.  Now, I have no problem with some of these cities being promoted as excellent locations for Real Estate Investment.  I invest in a couple of them myself!

But suggesting that they have hit the bottom....to me, this drives at a market(s) where there was huge appreciation followed by a huge drop down to reality.  Its like the Phoenix market...which went up ~ 50% in one year, having depreciatd by say 30% (arbitrary #).  That might be construed as rock bottom...and a good time to buy.

But the cities listed in the article I linked?  Come on, those places never went up in the first place!  They never had 50% appreciation booms.  Homes there didn't go up in value three or four hundred thousand dollars in a couple of years.  If anything, the boom bypassed them and now these cities are quite affordable IN COMPARISON to the places that did boom.

Apologize for my rant!

Thanks for Reading :)

Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate