NKSK version 2

THE 2009 BULL BOOM
What the public should know.

NKSK version 2

These websites were down last night - but they are up and running again now.

worzel

Its hardly surprising a real estate agent is talking up the market is it???

DONOVAN

Very interesting read, thanks for sharing it with us

Sarah x

wmoore

An estate agent we look after did some good 'talking up' mid-last year, when the downturn was just starting to bite. People can sign up for a property news letter from his site, which contains houses for sale and news of houses sold - particularly when they have gone for a 'record' price. So this guy spent his weekend looking through his database for record sales for a bunch of suburbs and marks them as just sold. So then the newsletter goes out and the reciepients think "wow, this premium real estate agent is going great guns".

RCoight

Neil Jenman was one of the 'advisors' on this programme:
The School of Home Truths which was shown on one of the satellite channels here in Oz over the last few weeks (Lifestyle or some such).
He always came across as savvy and knowing what he was talking about; so it's interesting to see his slant on things.

NKSK version 2

No it isn't but I don't think that it is so blatant, shallow and self-interested elsewhere in the world is it? (Somebody may correct me).

I wonder if the real culprits are the media for allowing advertisements and spruiking to be printed as 'news'.

worzel

My wife used to work for the local paper in the UK and did the advertising for the estate agents. I don't think they were any more ethical than the ones here. But the "British reserve" meant they had to be a bit more sneaky. US realtors are at least as bad as Aussie ones I believe. At the end of the day, when a salesman stands to make so much money from a single transaction they will do whatever to get your signature. No need to worry about retaining you as a customer.

Catch

Checked out many of steve keens interviews on you tube .Seems at first he was regarded as a scaremongerer,and a doom and gloom merchant.Now he is recognised as the clever man he is.The government seem to be colluding with the real eatate industry with FTB grant trying to prop up property prices.IMHO they should stop the FTB grant,let the market fall to its own levels,use the money to help out families who bought property at inflated levels and who fall on hard times.Prices would fall quickly many renters would buy into the market,and generate a sustained level of propety prices.The FTB grant is dragging people out of the woodwork to buy property when the grant stops the price may fall further.Then putting more people into negative equity.The next year will be a bitter pill to swallow,but best to get it over with.The result could see our children able to afford a house were they want to live ,not were they have got to live