Thursday, July 21, 2005

Media Conspiracy in Boston


"It's called a "Real Estate Bubble", and for the last 25 years Massachusetts has led the country in home price inflation. Since 1980, the price of the average single family home in this state has risen a whopping 591 percent. In the first quarter of this year alone, home prices rose 12 percent, a number that was reported as "healthy" by one of the slobbering real estate reporters who probably has never questioned anything the industry slings his way. Now I'm sure it has nothing to do with lucrative advertising contracts. After all, everybody loves to read that their largest investment just went up a few more bucks - unless you're a renter, of course.



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