Somewhat comical during that discussion, one of the journalists (I forget which one) basically admitted that he was going to bend to the will of his real estate sponsored newspaper.
He said that yes, his paper was largely supported by advertisement from the real estate industry and of course they LOVE to see home prices going up.
It seemed as though he was going to give a “but” statement saying he can see the market turning.
Nope! Followed up that strange admission with yet another bullish statement of why the prices wouldn’t really come down. Something about wanting to live closer to work, or something.
I almost spit out my coffee laughing when he inadvertently discredited his entire statement just before making it.
