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Vancouver Real Estate Market Conditions

Blog by Claire LeLacheur | September 29th, 2008

What with US credit crunch, and all the news surrounding there timely demise there is lots of news out there these days. So much so in fact that I am slowly becoming a news junky.



All you have to do is tune into CNN to hear about AIG getting bailed out, Lehman Bros filing for Chapter 11, and Washington Mutual being stormed over night with Wachovia straight on its heels.


Over the years as the US has launched new operations into deserts, and raged battles in countries over terrorisits and weapons of mass destruction, there is one thing that is for certain in the media, fear based media sells papers and makes viewers tune in.


Have thought that maybe the media are doing the same thing to us here in the Lower Mainland? Making the absolute worst out of the housing market, printing headlines that allude to the real estate market “falling off a cliff” and headlining the evening news with words that want to make me throw up in my mouth!


However you want to cut it, fear and bad news sells papers and gets the local TV stations higher ratings.



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