Spot on! The Aussie media and the blogosphere are dominated by real estate industry spruikers and shills who are paid to post positive spin on forums and blogs (yes even forums like this one) to talk up the market etc. They feed lies and propaganda to the masses. Read the blog below and watch the included video for evidence:
On the Internet, nobody knows you're a dog, or a paid property spruiker
http://www.differenthere.com/2011/08/on-internet-nobody-knows-youre-dog-or.html
The public needs to open their eyes. To stop believing what they read about real estate in the mainstream press. Almost every media article about property is from a vested interest trying to pump up the market!
is there something you would like to admit...kincella?
all jokes aside, peak, the amount of people that come to me with the argument of:
You dont know what you're talking about! there is a massive under supply of housing, 200,000 in fact, dont you read?! for over 12 months now....
"What happened to the housing shortage? You know the one I’m talking about. The ‘chronic’ housing
shortage. The one where Australia is short by 135,000... sorry, 200,000 homes.
The housing shortage which will reach – what is it – 400,000 homes by 2020?
According to a report by Stuart Fagg on ninemsn... ‘Australia must build an additional 500,000 houses by
2020 or face a crippling rise in house prices that will make home ownership out of reach for many.’
But suddenly no one is talking about it. I’ll tell you why. It’s gone up in a puff of smoke.
We’ve final proof that it never existed. And as far as we can tell, barring a man-made or natural catastrophe, there won’t ever be a housing shortage.
I don’t think I’ve laughed so much in a long time as when I read this headline in The Age recently: ‘Flood of property listings to hit Melbourne market.’
‘Flood’. That implies a lot. It’s the opposite of a ‘drought’. According to the Microsoft Word dictionary, flood is a synonym to deluge, torrent and overflow. On the other hand, a ‘drought’ is nothing. Hope you’ve got 12 that.
According to the story, ‘The Real Estate Institute of Victoria is predicting 1210 auction listings over the next
two weeks...’
But here’s the bit that had us rolling on the floor in laughter, ‘A 50 per cent increase of new home listings
expected over the next three weekends comes as auction clearance rates begin to falter on pricier home loans and weaker buyer confidence.’
In other words, despite the so-called housing shortage of 200,000 homes, the property spruikers and mainstream press have had the crap frightened out of them by an extra 400 houses hitting the market over the next two weeks.
Or to put it even more simply, if we average those numbers out, an extra 200 houses hitting the market in one weekend is considered a ‘flood’. And it’s causing panic because it’s seen as a ‘flood’ of supply.
Are these people insane?
One week they’re saying with a straight pen that there’s a 200,000 housing shortage and the next week
they’re worried the whole market could topple over due to an extra 400 homes being offered for sale.
Does that make sense to you?
By our calculations, 400 homes equals around 0.2% of the number of homes needed to address the socalled housing shortage.
We’d have thought the spruikers would be cheering that the supply has increased. After all, with a shortage of 200,000 homes, surely an increase of just 400 properties isn’t going to burst the bubble.
This is the capacity increase they’ve been waiting for. Isn’t it?"
Courtesy of:
http://www.moneymorning.com.au/reports/mm-aussiehouseprices-2010.pdf
its backdated a bit, but as true today as it was then.