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Never have I seen the media control our Real Estate Industry so MUCH!

By
Real Estate Agent with Premier Brokers International BK-3007762

Every time I pick up the newspaper all I hear is how BAD things are in Real Estate. So, I cancelled my newspaper subscription. A year or so ago the HEADLINES read “The Housing Market is Booming” and “Florida most desired place to live” Real Estate Sales were up and many Real Estate Professionals advertised in the newspapers accounting for a large number of their revenues. Don’t get me wrong! I like journalist and newspaper reporters. I was the editor in chief of our school newspaper many years ago and I believe in freedom of speech. At one time in my life I wanted to pursue a career in journalism as many of the newspapers reporters have degrees in Journalism NOT Real Estate Economics. When I hear a newspaper reporter tell us that the Real Estate market is bad or getting worst, I wonder how much is REALLY TRUE. Could this possible be an opinion NOT a FACT?

I’ve lived in Florida of almost a decade. I wouldn’t live anywhere else! Florida is 90% waterfront with the Atlantic Ocean and the Gulf of Mexico surrounding it. We have the most waterfront land in the ENTIRE continental United States! From Jupiter Florida south, the meteorologist declared South Florida TROPICAL climate. FLORIDA HAS THE ONLY TROPICAL CLIMATE IN THE CONTINENTIAL UNITED STATES! The Southern tip of California, San Diego, comes to about Atlanta, Georgia NOT even close to our climate and about 20% colder. Oh, one more thing Florida has more golf courses then ANY other state! Palm Beach Gardens, Florida is the Golf capital of the world!

So how is it that Florida, the ONLY state in the entire continental United States that is almost completely surrounded by ocean waters, offers year round golf and is in a tropical climate with the Bahamas is falling behind TORNADO ALLEY Oklahoma?

Bad Press, I guess?

Comments(33)

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Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal
I'm up in Atlanta and I talk to quite a few people trying to escape the high housing costs in Florida.  They often complain about the high taxes and the high cost of insurance.  They are also are tired of the hurricanes.  I really don't think most of Florida's problems have much to do with the press. 
Apr 29, 2007 12:30 PM
Mike Thomas
Premier Brokers International - Jupiter, FL
Mike Thomas

Florida has no State Tax, Property tax is the only tax we have. If you don't have insurance FEMA will bail you out. Before Bonnie, Wilma and Jean we haven't seen a hurricane for over 16 years. They make enough of a mess for people to update they homes and those homes that aren't Concrete built suffer.

Altanta is a different market NO OCEAN FRONT, NO TROPICAL CLIMATE, No year round GOLF. Nice City love the Versity, downtown.

Educating buyers and seller take time, and they often value the opinion of the press more then us professionals, that sad.

Apr 29, 2007 12:56 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
I think much does have to do with the press. Notwithstanding our property taxes and insurance costs and the possibility of hurricanes, there are tons of people here thinking of buying - most of them are scared off by what they read in the press, thinking that whatever they pay, the home will be worth much less in a few months.
Apr 29, 2007 12:59 PM
Randal Keberlein
Weichert Realtors, Precision - Kenosha, WI
I am sick and tired of the negative press myself.  Yet we all spend money advertising there.
Apr 29, 2007 01:24 PM
Laurie Mindnich
Centennial, CO
How about:  THE NEWS REPORTS A BAD MARKET, THE PUBLIC RESPONDS...and we do whatever we can to get the homes sold.  Which involves solving the current puzzle, not by blaming either but by offering services that will be flexible.
Apr 29, 2007 02:12 PM
Desiree Daniels
RE/MAX Tri County - Robbinsville, NJ
Its up to us to educate the public with the facts... not what spin the media chooses to put on things this week....   it is very frustrating to know that they (the media) does fuel our industry.... what can we do??
Apr 29, 2007 03:12 PM
Jason Price
Mortgage Financial Group, Inc (NMLS 219650) - Tavares, FL
The Mortgage Rider

Mike,

Perhaps you should ask the PB Post if you can do a Press Release of your own (I hear they are actaully in favor of these things).  In the release talk about how the market is showing signs of improvement.  Create your own hype of the current market upswing in S Florida.  Fight the bad news with good news.

Oh, and congrats on your first featured post (gold star)... I am surprised that neither Chris or Marc caught that.

Apr 29, 2007 03:13 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Mike,

Congrats on your feature post!

Like you, I was also the editor of our school (truthfully h.s.) newspaper, "The Californian" at AHS in Ca.  As said by others, newspapers are a business, to sell papers, that's it!  No doubt most newspapers have lost significant circulation/revenues. I also cancelled my subscription a few years ago, yet for different reasons... In my "opinion" and I don't mind saying this online for the first time, the OC Register  (in CA) has absolutely NO INTEGRITY at all. In our r.e. section it's only about who pays ;the most $$$ for ads.  So thanks but NO thanks!

As Realtors and lenders,  we need to be willing to take the good with the bad when it comes to the ups and downs of the market. Yet, if we feel something is not accurate, we need to be willing to step up to the plate to make a difference.  Ler's be an hones positive influcence when we can.

Thanks for sharing!

Apr 29, 2007 03:23 PM
Stefan Scholl
Buyer's Broker of Northern Michigan, LLC - Petoskey, MI
Northern Michigan Real Estate

Mike,

I understand your frustration, but you guys were pretty much riding the gravy train down there for quite a while.  What goes up must come down.  Hopefully far enough down that I'll be able to swoop in and buy a place. :-)SS

Apr 29, 2007 04:15 PM
Jay Burnham
Coldwell Banker - Beverly, MA
The Coldwell Banker Guy

Mike,

Your raise a good point.  In my area of the country (the Massachusetts North Shore), reporters are constantly telling us how GOOD the market is doing.  The problem is that they are wrong and I can prove it.  Each month I write a Market Update that I post here at ActiveRain that clearly spells out how many properties came on the market and how many went off (under agreement).  The trick is to use the SAME DATA PARAMETERS every month.  We can all make the numbers go whichever way we want by using only certain data.  If we use the same, consistently, then we get a true and accurate picture of the marker.

Of course, that may not sell newspapers!

Regards...Jay

Apr 30, 2007 12:54 AM
Laura Warden Nordin
Century 21 Camco Realty - Albuquerque, NM
30-year Top Producer in Greater ABQ Real Estate

Have you noticed that the newspapers always have to report an extreme in one way or another? So the market is either great, or it's terrible. Sometimes both... when everything was way up most everywhere, you got headlines about that at the same time that there were other headlines screaming "housing bubble."

It's all about what sells papers!

Apr 30, 2007 01:21 AM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate
I also stopped my subscription to the paper. Advertising in print went from 6000.00 to less than 2000 in 2006. What's the point ? The A2 News laid off 400 employees. They still don't get it, charge an arm and a leg for a small small ad and no one comes
Apr 30, 2007 01:36 AM
Kat DeLong
Realty ONE Group Mountain Desert - Prescott, AZ
REALTOR
Mike: that photo is awesome!!!   As to the bad press: AMEN brothers and sisters. The media is doing the same thing here in CA--Southern, Central and Northern.  Scares the heck out of ALL the buyers I have that are sitting on the doom and gloom fence.
Apr 30, 2007 02:09 AM
Dan Weis
Comey & Shepherd Realtors - Cincinnati, OH
Cincy Real Estate Advisor

I guess I shouldn't be surprised how newspapers write the news.

In the Cincinnati Enquirer yesterday, splashed over the front page was how bad our market is.

Unbelievable!

No wonder the real estate section of the newspaper is shrinking.  Who wants to advertise in a
medium, where your industry is being slammed.  Yes, the market is softer right now with more
homes for sale, but there are buyers out there purchasing homes as well.

Real estate goes through cycles.  The newspapers should be coming up with ways to help their
advertisers.

Oh well, in the meantime, the internet continues to grow!

Apr 30, 2007 02:53 AM
R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham
Bank of England (NMLS#418481) - Raleigh, NC
Bob Mitchell (NMLS#1046286)

I spent several months in Florida a few years ago and I couldn't put my finger on it, but there was something that bothered me about it.....then it dawned on me...no hills!  everywhere was flat!  Once I realized what it was, I was ok with it, but I guess that I'm an ole Missouri Hill Billy at heart!

 

Bob 

Apr 30, 2007 04:26 AM
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Specialist - Agent
I can top that Jim, I was in Sedona, AZ when Wilma hit.  We watched the news terrified, not because of the store, but because we knew we weren't getting the truth. They showed every are in town that holds water or floods during a regular rain.  The standing water had little to do with if it was a hurricane or not.  THEN THE DRAMA.  A news woman, sitting in a canoe with her hair blowing crying the blues about the mayhem and disaster.....all the while not knowing that a man walked behind her in ankle deep water.  The media lies.  That woman should have been jailed for such a stupid attempt to cause panic.
Apr 30, 2007 06:02 AM
Ryan Hukill - Edmond
The Agency Oklahoma | 405home - Edmond, OK
Realtor, Team Lead
I'm with you on the negative press. It drives me absolutely nuts, but I'm not following your comment about Oklahoma. Clarification please?
Apr 30, 2007 04:05 PM
Mike Thomas
Premier Brokers International - Jupiter, FL
Mike Thomas
I STOPPED investing in expensive newspaper ads and started in investing in BLOGS. They have much more meaning. Thank you all for your comments. They are ALWAYS appreciated.
May 01, 2007 05:24 AM
Cynthia Sloop
Community Association Manager - Indianapolis, IN

I couln't agree more!  It seems to be everywhere!  i don't take the paper and I personally do not take out any extra advertising with my paper either.

May 01, 2007 08:01 AM
Susan Horne P.A., RE/MAX- GRI, I.R.E.S.
(RE/MAX Services Boca Raton FL) Susan Jean Horne P.A. - Boynton Beach, FL
-Realtor-Florida Native-(RE/MAX Services)

HI MIKE,

LOVE YOUR WEB PAGE, AND I DO AGREE WITH YOU 100%.  THEY ARE KILLING FLORIDA WITH THE TALK ABOUT HURRICANES, HOUSING MARKET,JOBS, THEY NEED TO FIND SOME REAL NEWS, STOP TALKING ABOUT HURRICANES IN DECEMBER.  I AM A LIFE LONG FLORIDA RESIDENT AND I WOULD NOT WONT TO LIVE ANY WHERE ELSE I LOVE FLORIDA. THESE NEWS PEOPLE NEED TO BE SHOWING AND TALKING ABOUT HOW GREAT SOUTH FLORIDA IS.....

Jun 28, 2007 02:00 AM