Utter Shit

I am anti-political.  I do not have the stomach nor the attention span to deal with it.  This may stem from my inability to watch the news.

My news comes in 4 forms:

1) Sarah and No Name – who readily admit they are not a news source.   The only noise I can handle in the morning comes from my radio.  There are 3 in the house and as I pop from room to room I turn them all on.

2) Blogs – Let me remind you that my blog list is…fluffy.

3) People magazine.  Duh.  Britney is news, bitches.

4) Whatever headlines I accidentally read as I get to my yahoo email.

I am uninformed.  And today I learned that is ok.

We had a seminar with a real estate economist that was freaking amazing.  And the first 20 minutes were all about how the media throws things out of proportion.  It was mind boggling.  The real stats vs. the stats the newspaper tells us.  They use facts, they just do not put it in context.

For instance – the subprime market and it’s fallout.   This guy went through the numbers and I wish I had them with me right now….but only 7% of loans were subprime.  And some low number are in default (which could happen for a number of reasons that do not have to do with people not being able to pay their mortgage).  And the number that go into foreclosure is like 3% of that 7%….but most of those bail themselves out somehow.  So the “sky is falling” mentality is total bullshit!  The economy is strong.  And I am thrilled and invigorated.  And excited to still be in real estate.

And for the first time I am proud that I do not read the paper or watch the news.  I will get my info from the informed not someone who needs to sell papers or ad time.