Comments on: Did newspapers ignore housing bubble?

by: wtf newspapers?

Fri, 28 Mar 2008 18:39:37 +0000

this is less a situation where newspapers were in liege with Realtors and more a case where newspaper newsrooms have been cut back and thus not covering as much local news anymore…

by: Joel

Fri, 28 Mar 2008 16:27:28 +0000

Did local TV news ignore the housing bubble? Yes

by: Joel

Fri, 28 Mar 2008 16:27:05 +0000

Did local TV news ignore housing bubble? Yes

by: tdc

Thu, 27 Mar 2008 19:06:11 +0000

funny how they pin the problem on the poor (subprime).

there are a brickload of homes for sale in grosse pointe shores right now and talk that the ford’s 120+’ honolulu blue hulled mega-yacht may not be making its yearly trek to the local yacht club.

subprime my ( l )

by: Rocker

Thu, 27 Mar 2008 17:47:14 +0000

Webomatica: I think there’s a difference between the type of programming…clearly entertainment….you’re discussing, and the editorial coverage masquerading as “reporting” that the newspapers provided on real estate. Not talking about failing to cover the current downturn…more the entire weekly sections many papers produce that for years have done little more than recycle cheerleading press releases from the real estate industry.

by: "John Galt"

Thu, 27 Mar 2008 17:06:52 +0000

There’s one five-letter word that describes the fuel that fed the turmoil caused by the borrowers, brokers and bankers…

greed.

by: Dave

Thu, 27 Mar 2008 13:25:44 +0000

I still enjoy Flip This (and That) House as a weekend afternoon couch exercise but it’s amazing to see what’s going on.

In fact, almost every house on TLC’s “Flip That” has the flipper moving into it and concluding they have no clue what they’re doing. If it wasn’t so sad, it would be funny.

by: Anonymous

Thu, 27 Mar 2008 05:52:26 +0000

And it wasn’t just home makeover shows. There was a whole cottage industry of shows overtly and exclusively focused on house-flipping: TLC’s “Flip That House,” HGTV’s “Bought & Sold,” A&E’s “Flip This House,” TLC’s “Real Estate Pros,” Bravo’s “Flipping Out,” TLC’s “Property Ladder” … and they’re still on the air! It’s even more surreal to watch them now than it was then.

by: Webomatica

Thu, 27 Mar 2008 03:04:59 +0000

I’m not one to blame the media for clueless people’s problems, but if you point the finger at the newspapers, you could also point it at the television networks - in particular, all the ridiculous home makeover, interior decorating and home improvement shows where people oohed and ahed over McMansions. That sort of celebration of consumer excess surely influenced many to think a house was the most important thing in their lives and worth over paying for.