The writer of this blog is a BC mortgage broker. The intent of the writer is to provide a multifaceted look at real estate and its impact on the people of BC.
I was reading the online newspaper The Tyee and came across this article. The articles position is simple – You can’t trust the business pages of the newspaper because the editors and writers are in the thrall of the advertisers.
Normally, an article of this slant in a left wing paper would not arouse the sense of alarm I have been feeling lately about the impartiality of the business press. My nose tells me the focus of the business press is serving the wishes of its advertisers rather then providing balanced reporting.
Here is the rub, most of the information we receive concerning the real estate market is from the business press.
I recall when no editor of general or business news would give reporters the opportunity to write about the growing problem of “leaky condos” due to the fear of angering their major RE advertisers. The local press failed the public on that issue and as a result hundreds of homeowners were thrown into bankruptcy. It is a problem that continues to plague condo owners to this day.
The lesson in all of this is to be careful about considering the source of your information. Balance your information sources before you make a financial commitment.
Thats all for today.
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I definitely agree with you in this statement “editors and writers are in the thrall of the advertisers”. I sometimes stumble into some press releases and I cannot really let myself all believe what is says. I can always picture the advertisers that goes with it. The reports nowadays always has a touch and is cloaked with advertising ideas and marketing strategies.