Saturday, February 21, 2009

Palm Beach Post Reporter smells rats out the inflated Palm Beach home market

What a breath of fresh air. Independent journalists do exist in south Florida.

If you look at the amount of revenue newspapers (especially the glossy and "shiny" ones) generate from the real estate industry, it is no wonder that any "reporting" is skewed to the newspeak that the real estate agents and their enablers would like to perpetuate.

So, along comes the Palm Beach Post reporter Jeff Ostrowski who correctly points out the fundamental flaw of the very incorrect "report" that the real estate lawyer (i.e. makes money from doing closings referred by real estate agents) Les Evans, author of the "Evans Report."

fourth quarter (i.e., after the dow tanked) plummeted. Not just dropped.

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