News Media’s Disservice, Long Beach

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I question the “service” the news media offers our society.

Reading any, if most newspapers, save for the serious ones, FT, etc, I find most of them relish in negative news, focusing on detrimental stories and so-called reporting instead showing a better society with the positives articles. Upon reading the newspaper this morning, it confirmed again that we get 95% bad news in the form of crimes, horror stories and 3% brainless sensational stories about some pop made-up icon, 1% positive news and of course my favorite, and by far the only and best thing to read, the comics.

It just makes you wonder, why does the newsmedia focus on such negative aspects of our society? Sure, there are some disturbing events and real psychos out there but there are also a lot of people making positive impact on our society. Why focus on the adverse?

I’m one to talk. This blog has been covering the negative press in real estate. Frankly said, there aren’t a lot of positive news in that field. I’ve considered dropping the post to one a day, with only one real estate related news every other day. Or maybe, I will focus on a positive note at the end of every bad ones.

It’s sad to see corporate America with its claws dug in so deep into the fabric of our society trying to control our every emotion. I was looking at how many companies now own newspapers and other forms of media. There aren’t a lot of independent companies and most are under two or three big umbrellas now, mostly heavily politically involved. I was reading about Ed “Big Daddy” Roth and how he felt BORED with the local auto industry and how it gave way to hot rodding and customizing. What has changed today? Modern cars are still utterly boring, save for the higher end market, which most people cannot afford but to drool upon.

There are positive news out there. Take  Positive News. It focuses on positive news. Hum, but doesn’t attract a great following. There have been attempt at positive news channels and papers but the public shunned it. Maybe this is where we can make more of an effort to surround ourselves with the good things others do and that can move us in turn to do good things. Maybe by watching more inspiring good news, it might even turn on a whole new generation to positive actions instead of big ego attitude. It’s a thought but it requires all of us to turn our attention to the good and stop looking at the bad.

Things are changing and the newsmedia has already lost many people. Blogs abound, for good and or for bad. Newspaper readership has been dropping thanks to poor covering and lack of quality material. Maybe now we can turn our attention to those that do something concrete to further the advance of our society.

Hum, off to a philosophical day today…

Real Estate Market in Lakewood and Long Beach

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As I said yesterday, I wanted to see what the market was doing in our city. So I used a few numbers. Please bare in mind this is an informal MLS research.

Out of 2682 total homes on the market, only 120 have closed. That’s 1.8% of homes are selling in this market.

Of homes above $300,000, 2348 are listed, 104 sold
Of homes above $400,000, 1893 are listed, 67 sold
Of homes above $500,000, 1264 are listed, 35 sold
Of homes above $600,000, 678 are listed, 20 sold
Of homes above $700,000, 418 are listed, 12 sold

As you can see, a very small amount of homes are selling. There are obviously many factors here, loans falling through escrow at the last hour, unrealistic asking prices, agents picking up any listings for a chance to have their signs on your property.

I still believe as I have seen in our office, homes priced well, qualified buyers and outstanding professional service does not come at a premium. Chose well, chose wisely. Chose the best for this market. And of course, if you have any questions, send your comment right blow here.