Today, November 14, 2007, The Press Telegram, a widely read Local Newspaper in my opinion, is guilty of using scare tactics to grab headlines for the sake of selling advertising..
If any Realtor did that, we would be guilty of Stearing, Block Busting. We could lose our Real Estate license and perhaps worst.... I think the Newsmedia has a Responsibility to report the news, but it also has a responsibility to acurately separate the National Headlines, especially if it's going to affect a fragile industry. Which affects more than the real estate community, it affects many walks of life.
As you read, further into the story, according to NAR, we should see some headway in 2008, which is around the corner. With FHA coming to the forefront again, helping many low to moderate income home buyers.
It's very discouraging to many homebuyers and sellers to see the headlines in large bold print, HOME PRICES DROPPING. Consumer Confidence is shaken, just a little bit more, which in comparison, is like a CANCER, that erodes healthy cells and spreads it's decease so wide spead, until it kills those who are affected.
Go ahead, kill the Real Estate Industry, until you kill your own media profession, no body will be able to buy a newspaper.......What a great Idea, boycott any advertiser, who advertises that neagtive crap.
Is there any Attorney interested in filing a Class Action Suit against the news media? If a Class Action Suit was initiated against the News Media, to stop comparing using scare tactics to grab headlines to sell advertising, which in reality, is their primary business, Advertising. Real Estate is Local, Not National, not even the Entire State. It's the market your in!...................I would think, that 1 million real estate professionals would likely agree with me, that the News needs to report responsibly.
Carlos Arvizu Sr pronounced R.V. Zoo
562-755-3856
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