Because the purpose of "News" media is to convince you....

Ever think that the reason for media is to inform you of current affairs in the world? To keep you reasonably informed so you can be a good citizen? To ensure that you have all the information you need to function in society? So you can vote rationally?

Wrong!

It's to convince you that what they want you to believe is real... no matter what!

Here is an example in ONE category: headlines for the last six years... telling you by way of talking heads, popular media figures and prestigious companies that the housing "crisis" is over.....

Source (thank you Barry Ritholtz - May 31st, 2012)

2006
Housing Turnaround? Home Sales Up in March (ABC News, April 25, 2006)
Home builders see bottom of housing slump (CNN, December 5, 2006)
New home sales: Back from the dead? (CNN, December 27, 2006)
Read Between All Those For-Sale Signs (NYT, August 27, 2006)
New Signs of Cooling in Housing (NYT, August 24, 2006)
NAR’s Existing Home Sales & Prices (TBP, November 2006)
Greenspan Says `Worst’ May Be Past in U.S. Housing (Bloomberg, October 6, 2006)
Home builders see bottom of housing slump (CNN, December 5, 2006)
New home sales: Back from the dead? (CNN, December 27, 2006)
2007
U.S. Realtors see gradual existing-home sales rise (Reuters, February 7, 2007)
IMF believes US housing market may bottom out (Reuters, April 11, 2007)
Housing Market Nears Bottom (Forbes, May 25, 2007)
Hovnanian Chief Says Housing Bottom Is `Very Near’ (Update6) (Bloomberg, September 14, 2007)
Housing Predictor Reports U.S. Real Estate Turnaround (RISMedia, May 22, 2007)
Sales & Volume Begin to Flatten Out! (Peterson Realty April 2, 2007)
Whoops! Another 2009 turnaround estimate (Arizona Real Estate Notebook, July 25, 2007)
Real Estate Outlook: Will Housing Turn Around? (Realty Times, December 31, 2007)
2008
NAR Housing Market “Bottoms” (TBP, January 2008)
Florida Real Estate Market Reached Bottom in 2007; Market Expected to Recover from ‘Indigestion’ (Reuters, January 7, 2008)
U.S. Home Sales to Reach Bottom in 2008, Bankers Say (Update3) (Bloomberg, January 14, 2008)
Zell Sees Start of Housing Recovery in the Spring (CNBC, February 26, 2008)
WSJ Confuses Seasonality with Recovery: How Counter-Productive is Realtor Association Spin? (TBP March 25th, 2008)
Wave of Foreclosures Drives Prices Lower, Lures Buyers (WSJ March 25, 2008)
Existing Home Sales, Non Seasonally Adjusted, Explained (TBP, March 25th, 2008)
Bottom’s Up: This Real-Estate Rout May Be Short-Lived (Barron’s, July 14, 2008)
Cramer Calls the Housing Bottom (CNBC, August 27, 2008)
Real Estate Markets Most Likely To Rebound (Forbes, October 29, 2008)
2009
Commercial Real Estate Market to Hit Bottom Next Year, Urban Land Institute (Realty Times, January 7, 2009)
U.S. Housing Market May Bottom in 2009, Zandi Says (Bloomberg, February 9, 2009)
Home Price Bottom Predicted by Year End (The Truth About Mortage, February 9,
Home-builder shares jump as February new home sales increase (Marketwatch, March 25, 2009)
Real Estate–What Recovers First? (Forbes, March 18, 2009)
Existing Homes Surprise: Sales Turn Up, Prices Firm (IBD, 3/23/2009)
Signs of life emerging in housing sector (MSNBC, April 7, 2009)
Real Estate Outlook: A Turnaround May Be In Sight (Realty Times, April 14, 2009)
Greenspan Sees ‘Seeds of a Bottoming’ in U.S. Housing (Bloomberg, May 12, 2009)
U.S. home market shows ‘encouraging’ signs (USA Today, July 24, 2009)
U.S. Economy: Home Prices Rise, Confidence Declines (Bloomberg, July 28, 2008)
Home prices show signs of stabilizing in May (AP, July 28, 2009)
U.S. housing starts keep recovery hopes alive (Reuters, August 18, 2009)
Slowly but surely, economy shows signs of recovery (USA Today, August 28, 2009)
Commercial Real Estate Recovery Second-Half 2010 according to Jones Lang LaSalle’s U.S. National Economic & Property Outlook (The Paramus Post, November 19, 2009)
2010
Mortgage Trends Show Real Estate Stability (Wall Street Geek, January 20, 2010)
In hard-hit markets, some see signs of bottom (MSNBC, January 29, 2010)
Housing Starts in U.S. Increased 2.8% in January, Permits Fell (Bloomberg, February 17, 2010)
Home prices rise 0.3 percent in Dec. (The Washington Times, February 23, 2010)
Warren Buffett sees housing market bouncing back by 2011 (USA Today, March 1, 2010)
Housing Real-Estate Recovery Signaled as Fed Unwinds (Update1) (Bloomberg, March 15, 2010)
Turnaround Coming for Real Estate? (Seeking Alpha, April 9, 2010)
Wasn’t commercial real estate supposed to crash? (CNNMoney, June 8, 2010)
Real estate market primed for turnaround (Savannah Now, December 30, 2010)
2011
U.S. housing bottom seen in mid-2011: poll (Reuters, January 28, 2011)
Why the Housing Bottom Might Be Here (U.S. News, February 2, 2011)
Will Real Estate Turn Around in 2011? (Outer Banks Market Report, March 2, 2011)
Monthly Housing Market Trends Point in a Positive Direction (Yahoo! News, June 14, 2011)
Home Prices In U.S. Showed Signs Of Stabilizing (Bloomberg, August 30, 2011)
Housing market predictions for 2012 (CBS News, December 7, 2011)
Is housing bouncing back? (The Washington Post, December 20, 2011)
2012
Has The Housing Market Hit Its Bottom? (Forbes, January 10, 2012)
Homeownership rates fall to 66% as downturn nears a bottom (USA Today, February 1, 2012)
Ready to Rebound (Barron’s, March 19, 2012)
Has the Housing Market Finally Hit Bottom? (Time, April 27, 2012)
Mortgage-Bond Bigwig Lewis Ranieri Calls Housing Bottom (U.S. News, May 7, 2012)
Report: Housing Market Recovery Has Officially Begun (TIME May 15, 2012)
Housing starts add to recovery signs (Reuters, May 16, 2012)
Buyer alert: Rising prices ahead (Boston.com, May 22, 2012)
April new-home sales increase 3.3%, pointing to recovery (Detroit Free Press, May 24, 2012)
Real estate could be on the rebound (DelMaravnow May 27, 2012)
Housing Market May Finally Be Turning Around With Sales Up 10 Percent In April (Huffington Post, May 28, 2012)
Housing Prices Show Signs of Stability (Wall Street Journal, May 29, 2012)
U.S. Home Prices: Has the Tide Turned? (ABC News, May 29, 2012)
Home prices at post-bubble lows but may point to market stability (LA Times, May 29, 2012)
The Housing Bottom Is Here (Business Insider, May 29, 2012)
S&P: Home Prices See New Bottom, Recovery On Deck (Reverse Mortgage Daily, May 29, 2012)

If you would like to read the media gobbledygook with which the media justifies their assertions... go to the source - they are pretty much all on-line....

But i would like to take this opportunity to point out... this is practically ALL they do. The so-called "MSM" is owned by a handful of moguls who are all part of a larger scheme to keep consumers "consuming"....

There is hardly anything "noble" about it any more....

Now go out and buy a house... the crisis is over and prices will never be lower..... just ask billions of dollars in free marketing for the real "owners."

Don't worry.

There's still a looooong way to go to the bottom. It's not a buyer's market yet, though it appears to be.

reply to post by CaptChaos


I don't care about the market.... I care that you wouldn't know the truth about it unless you lived it.... the media LIES. If they didn't, we wouldn't be hearing about how we've reached the bottom for 6 years running. Get it?