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Sick of the media

By
Real Estate Agent with retired

I am sick of the doom and gloom the media portrays in the industry. These idiots that write this stuff are absolute morons! I swear, if a media person doesn't have something negative to write about, then they are lost! In the Post-Dispatch today, they write, "the market is down" and on and on. Here is my point: The idiot that wrote the article talks about how some loser had to drop his price $40,000... DO YOU THINK MAYBE IT WAS OVER PRICED?!

At the end of this fantastic piece of literature, he/she did state that prices of homes that have SOLD went up approximately 1% in St. Charles county (it is actually more). Here is the problem: Agents are pricing houses too high; they tell people their houses are worth more than they are just to get the listing. Of course, it doesn't sell and there is limited showing because IT WAS PRICED WAY TOO HIGH! So, that is the ONLY problem in St. Charles county: agents pricing homes high just to get the listing. Then, when it doesn't sell, "it's because the market is bad."

Well, I could go on and on about the subject... I would like the genious that wrote the article to explain to me how a 1% gain in price in homes SOLD (not asking price) relates to a "down market?"

 

Comments (4)

Johnny Huang
Pleasant Hill, CA
Insurance and Real Estate Broker

Media feeds on bad news. Look at all the media hype on Brittany! Her downfall is their gold mine. Unfortunately, media doesn't have a human heart that says..."hey! She's fallen, can we help her at all?" No way...They dig more and pry and report the bad over good.

I think that the media reports good news because their "community obligation" to report them. Good news doesn't attract ratings.

Feb 16, 2008 03:42 AM
Thomas Santore Lic Associate Real Estate Broker
Coldwell Banker Realty/Coldwell Banker Commercial NRT - Yorktown Heights, NY
RealtorĀ®-ABR-Land, Residential & Commercial Sa
Here we call that buying the listing!!! Most of the agents here have a tendency to over price because there is some much competition for getting a listing. We have over 6500 Realtors in our MLS.
Feb 16, 2008 03:47 AM
Vincent McKamy
Samson Properties - Fredericksburg, VA
Realtor Fredericksburg Virginia
I have to agree with Johnny - The media loves the bad news - But think about it, is it the media or the people who read the paper that love all the bad news.  I think it is us - the paper is just catering to the masses. 
Feb 16, 2008 04:14 AM
Thomas Santore Lic Associate Real Estate Broker
Coldwell Banker Realty/Coldwell Banker Commercial NRT - Yorktown Heights, NY
RealtorĀ®-ABR-Land, Residential & Commercial Sa
Thats true the horrible stories get more reading time than the good or happy stories by far. It is the pleasure people get out of seeing someone else suffer.
Feb 16, 2008 05:09 AM