I was tempted to use 'gullible'. But we're supposed to believe authority.
I'm talking about real estate reporting.
When it comes to real estate, people are easily swayed. You have the T.V, newspaper, uncles, opinion websites--all clamoring for our ear's attention.
I've been following them the past three years, and from what I've heard them say and what transpired, 80% are bunk and disappointingly late (mainstream news being #1).
I sound like a madman, I'm aware--but what really gets to me is that thousands of people look to the news for advice and yet these networks are not doing their job right. I don't expect them to be perfect in their research / predictions, but they need to do their homework in a more efficient manner.
And people believe the news because we're supposed to, right? Well, back then we can, now I'm not so sure anymore.
But the question is how can we protect ourselves from being financially hurt by misleading news and experts?
My solution is very simple--get to know the market for yourself; median price, and supply and demand. That's not too hard right? I don't think it'll cost yo u more than an hour. But the rewards are magnificent.
Get to know the market, you'll get the best advice.
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