Monthly UT Spin

[DWCAP]

“Sharon Hanley, who produces a weekly report on new-home sales, said the 2008 market will be helped by the reconversion of condos to apartment status and by a relatively low inventory of unsold homes.”

Huh? Low inventory of unsold homes? Last time I checked inventory, and months of inventory, both were was going up! Condo’s are worse than SFR’s and apartments are converted to condo’s not SFR’s, so………… HUh?

“Falling prices, surging foreclosures, reasonable mortgage rates and a high inventory of for-sale homes mean there are bargains to be found”

Apparently Sharon didn’t talk to this guy. At least he lives in real life. Too bad his idea of bargains today are going to be 2009’s UT headlines “recent buyers hurt by market downturn” about some poor guy who lissened to him, bought a house he couldnt afford thinking it was the bottom and lost his job in the recession that they promised wasnt coming and is now going into foreclosure.

[unbiasedobserver]

“What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year! ”

The UT almost always profiles people with absurd govt pensions. Haven’t you noticed that when they do their Sunday financial makeovers, usually on couples who both have lavish govt pensions. Walking through parking lots it seems half the cars have DOD stickers. Really, what percentage of people in SD work for some form of govt? I think their pensions and housing allowances are a huge contributor to the runaway prices. What about mentioning someone who isn’t financed by the taxpayer, who evidently are in the minority here.
rant off

[unbiasedobserver]

“What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year! ”

The UT almost always profiles people with absurd govt pensions. Haven’t you noticed that when they do their Sunday financial makeovers, usually on couples who both have lavish govt pensions. Walking through parking lots it seems half the cars have DOD stickers. Really, what percentage of people in SD work for some form of govt? I think their pensions and housing allowances are a huge contributor to the runaway prices. What about mentioning someone who isn’t financed by the taxpayer, who evidently are in the minority here.
rant off

[unbiasedobserver]

“What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year! ”

The UT almost always profiles people with absurd govt pensions. Haven’t you noticed that when they do their Sunday financial makeovers, usually on couples who both have lavish govt pensions. Walking through parking lots it seems half the cars have DOD stickers. Really, what percentage of people in SD work for some form of govt? I think their pensions and housing allowances are a huge contributor to the runaway prices. What about mentioning someone who isn’t financed by the taxpayer, who evidently are in the minority here.
rant off

[unbiasedobserver]

“What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year! ”

The UT almost always profiles people with absurd govt pensions. Haven’t you noticed that when they do their Sunday financial makeovers, usually on couples who both have lavish govt pensions. Walking through parking lots it seems half the cars have DOD stickers. Really, what percentage of people in SD work for some form of govt? I think their pensions and housing allowances are a huge contributor to the runaway prices. What about mentioning someone who isn’t financed by the taxpayer, who evidently are in the minority here.
rant off

[unbiasedobserver]

“What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year! ”

The UT almost always profiles people with absurd govt pensions. Haven’t you noticed that when they do their Sunday financial makeovers, usually on couples who both have lavish govt pensions. Walking through parking lots it seems half the cars have DOD stickers. Really, what percentage of people in SD work for some form of govt? I think their pensions and housing allowances are a huge contributor to the runaway prices. What about mentioning someone who isn’t financed by the taxpayer, who evidently are in the minority here.
rant off

[NotCranky]

I thought the article was pretty balanced. The paper reported on the market and it propagandized for the RE Industry. Until there was all this evidence of depreciation it was all propaganda. Sure the UT facilitated the Real Estate industry’s on going fishing expedition for fence sitters, over earnest bottom timers and the last of the bubble doubters who might be impressed by the “Window of opportunity” scare propaganda. I think it is the baiting, for the sake of the fishing realtors and the desperate builders, that is unfounded(founded in advertising $). It attempts to set a mood that these people still desperately working the market need to keep from drowning. Perhaps that last part its a bit of a joke to some of us but at least they are reporting pretty realistic numbers.

[NotCranky]

I thought the article was pretty balanced. The paper reported on the market and it propagandized for the RE Industry. Until there was all this evidence of depreciation it was all propaganda. Sure the UT facilitated the Real Estate industry’s on going fishing expedition for fence sitters, over earnest bottom timers and the last of the bubble doubters who might be impressed by the “Window of opportunity” scare propaganda. I think it is the baiting, for the sake of the fishing realtors and the desperate builders, that is unfounded(founded in advertising $). It attempts to set a mood that these people still desperately working the market need to keep from drowning. Perhaps that last part its a bit of a joke to some of us but at least they are reporting pretty realistic numbers.

[NotCranky]

I thought the article was pretty balanced. The paper reported on the market and it propagandized for the RE Industry. Until there was all this evidence of depreciation it was all propaganda. Sure the UT facilitated the Real Estate industry’s on going fishing expedition for fence sitters, over earnest bottom timers and the last of the bubble doubters who might be impressed by the “Window of opportunity” scare propaganda. I think it is the baiting, for the sake of the fishing realtors and the desperate builders, that is unfounded(founded in advertising $). It attempts to set a mood that these people still desperately working the market need to keep from drowning. Perhaps that last part its a bit of a joke to some of us but at least they are reporting pretty realistic numbers.

[NotCranky]

I thought the article was pretty balanced. The paper reported on the market and it propagandized for the RE Industry. Until there was all this evidence of depreciation it was all propaganda. Sure the UT facilitated the Real Estate industry’s on going fishing expedition for fence sitters, over earnest bottom timers and the last of the bubble doubters who might be impressed by the “Window of opportunity” scare propaganda. I think it is the baiting, for the sake of the fishing realtors and the desperate builders, that is unfounded(founded in advertising $). It attempts to set a mood that these people still desperately working the market need to keep from drowning. Perhaps that last part its a bit of a joke to some of us but at least they are reporting pretty realistic numbers.

[NotCranky]

I thought the article was pretty balanced. The paper reported on the market and it propagandized for the RE Industry. Until there was all this evidence of depreciation it was all propaganda. Sure the UT facilitated the Real Estate industry’s on going fishing expedition for fence sitters, over earnest bottom timers and the last of the bubble doubters who might be impressed by the “Window of opportunity” scare propaganda. I think it is the baiting, for the sake of the fishing realtors and the desperate builders, that is unfounded(founded in advertising $). It attempts to set a mood that these people still desperately working the market need to keep from drowning. Perhaps that last part its a bit of a joke to some of us but at least they are reporting pretty realistic numbers.

[XBoxBoy]

Now this is an interesting twist…

http://www.signonsandiego.com/news/business/20080115-1229-bn15homes.html

After an earlier article today with the headline “Median Home Prices Plummet in County.” Do you think the UT heard from some of their realtor advertisers? Hmmmm… Maybe, since now they’ve posted an article with the headline, “Number of SoCal home sales edge up slightly.” Based on the fact that December sales are better than November sales. (Though they are every year) And despite the fact that December 2007 sales are down a whopping 45% from December 2006. These clowns are just too much!

[XBoxBoy]

Now this is an interesting twist…

http://www.signonsandiego.com/news/business/20080115-1229-bn15homes.html

After an earlier article today with the headline “Median Home Prices Plummet in County.” Do you think the UT heard from some of their realtor advertisers? Hmmmm… Maybe, since now they’ve posted an article with the headline, “Number of SoCal home sales edge up slightly.” Based on the fact that December sales are better than November sales. (Though they are every year) And despite the fact that December 2007 sales are down a whopping 45% from December 2006. These clowns are just too much!

[XBoxBoy]

Now this is an interesting twist…

http://www.signonsandiego.com/news/business/20080115-1229-bn15homes.html

After an earlier article today with the headline “Median Home Prices Plummet in County.” Do you think the UT heard from some of their realtor advertisers? Hmmmm… Maybe, since now they’ve posted an article with the headline, “Number of SoCal home sales edge up slightly.” Based on the fact that December sales are better than November sales. (Though they are every year) And despite the fact that December 2007 sales are down a whopping 45% from December 2006. These clowns are just too much!

[XBoxBoy]

Now this is an interesting twist…

http://www.signonsandiego.com/news/business/20080115-1229-bn15homes.html

After an earlier article today with the headline “Median Home Prices Plummet in County.” Do you think the UT heard from some of their realtor advertisers? Hmmmm… Maybe, since now they’ve posted an article with the headline, “Number of SoCal home sales edge up slightly.” Based on the fact that December sales are better than November sales. (Though they are every year) And despite the fact that December 2007 sales are down a whopping 45% from December 2006. These clowns are just too much!

[Author]

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