“Some local brokers who attended Yun’s talk blamed the media for giving the perception that the market is bad, which in turn hurts foreign investment who base real estate choices on media input. Others attributed the market downturn to the overzealous mortgage firms and the bottoming-out of subprime lending.”
Saying media attention caused the downturn in the mortgage industry is like blaming an eye witness for a car crash.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment