Industry News

The real estate blame game

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Media, media bo bedia, Bonana fanna fo fedia, Fee fi mo media -- media! Come on everybody, let's play the blame game The media's effect on real estate was the conversation that rose most audibly from the panel sessions, lobby meetups, parties and hoopla in Las Vegas during last week's National Association of Realtors show. I couldn't escape it. It popped up in nearly every discussion as an element of accepted wisdom about the past, present and future of our industry. CNN, The New York Times, The Wall Street Journal, Fortune and the like are in devious congress, a cabal that's intent on destroying the real estate industry as we know it. I watch the news, read the articles and bear witness to my own real estate investment woes. I too have participated in the blame game. But as I sat at Gate B20 waiting for my flight home I started to think about how ridiculous this proposition truly is. Maybe it was the shear exhaustion of the conference that lulled me in an open c...