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What Do Real Estate And Financial Markets Have In Common?

There is one thing financial markets and real estate markets have in common: really bad media coverage as it relates to clickbait headlines that are practically useless. 

Here are two examples:

 

1. "How long will $1 million last in retirement?" Really? $1 million living where? How? At what age? What do you anticipate the rate of inflation to be? What are the local tax rates? The local real estate taxes? Cost of living?

2.  "The Most Expensive States In the US To Buy A Home!" Who has ever bought a home in a State? US States differ considerably in size, population, cost, salaries, etc. Yes, your home may exist in a state, but seriously, a home in Nashville versus Somerville (both in Tennessee) will be priced at entirely different levels. A home in Buffalo New York may cost $250,000 while the same size house in Scarsdale might set you back $2.5 million. Oh, yes, why don't we average the two! Brilliant!

 

The reality is that if you are not an expert in the field of finance or real estate, reading many media pontifications may provide you with lots and lots and lots of rather useless information. Yes, of course some experts are wrong but the blatant inaccuracies or uselessness of so much is rather astounding in a world that has become simply too lazy or distracted to dig deep into a subject, spend substantive time understanding all the various considerations, specifics and nuances to really understand something fully.

 

Some may argue, "well, A.I. is coming and will replace you!" I will say:
"Well, if A.I. is sourcing all its intelligence from this flood of useless and inaccurate, generic misinformation, good luck with that".
 
 
I'm not complaining. In fact I am celebrating this. Why? The more the merrier! The more bad/lazy/useless/averaged/generic/non-specific media coverage of important subjects, the more professional financial and real estate advisors are needed. Good ones. Great ones. Advisors who really know their stuff and are fully informed. Me!
 
 

 

 

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