Make a comment.

Interpreting the Details

Posted on August 24th, 2010 by Richard. Categories: Food for Thought, Market Conditions

Now days, there are so many sources with television air time, web and print media available on any given topic that people can easily take in more in a few hours each day than they used to in a month not that many years ago. That could be a positive thing if done right I suppose, but the truth is people are being bombarded with more and more bad news all the time.

I suppose media moguls believe a formula with a lot of drama or sensational gloom n’ doom will sell papers or attract viewers…with the ultimate goal of selling more ads or more expensive commercial time. But it’s sad that’s where the vast majority of the media feels they have to go to attract viewers or readers. Peoples lives and livelihood are adversely affected by it. The whole country is affected by it.

It’s interesting to see what one source can do with a set of facts or numbers that another has done with the same ones. The same details can be used to support completely opposing views. It would be funny except peoples lives are affected often adversely by erroneous conclusions that are drawn from poorly interpreting the details. Personally I’ve developed a healthy sense of skepticism when encountering any kind of news now to shield me from all the disinformation.

Because I’m associated with the real estate industry, when I see or hear stories in the media about it, I focus in on what is being said about it or the market. Like one today that paints a picture of a local housing market in collapse. It comical how far that is from the truth. Last month for instance was one of the strongest July’s that I have ever had. It’s a very healthy market now. Lots of activity, lots of choices of things to buy, incredible…and I mean incredible interest rates, and homes are selling in all price ranges. There’s a sense of optimism among most people I encounter. Maybe if the others just stop watching the news or reading the paper then everyone would feel much better, and perception would become reality as it always does.

If you enjoyed this post, you may also be interested in:

  1. Details, Details. Getting a Mortgage Loan
  2. Uncovering the Details
  3. How’s Business?