David Saks: Are You Kidding Me ? Check Out This Latest Round of Garbage From NBC !

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Are You Kidding Me ? Check Out This Latest Round of Garbage From NBC !

Listen to what these propagandists spew from the bowels at the 3 minute marker:
"Fifty percent of homeowners in this nation are underwater on their mortgages !"
Wait for the stupid 20 second commercial to play, then the B^!! S#!* follows .

David Saks

Time&Temp Memphis

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Comment balloon 7 commentsDavid Saks • November 16 2011 02:14PM


Spreading the love arn't they... blah.... blah... blah!  I don't watch the news and this is a prime reason I don't!  The media just loves negative stories and if it's not bad enough they'll spin it to sound even worse!  So now I'm offically pi$$ed off.


Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) almost 9 years ago

They're spreading the fumes, John. They lie for the sake of selling underarm deodorant, ibuprofen and Plavix. Ever notice that more pain relief crap is sold during newscasts than at another time of day ? It's because they give the viewers a headache. I wonder if the pharmaceutical companies aren't behind all the propaganda so they can sell drugs on television. They're manufacturing illness with all of the negative garbage like this newscast. If people aren't sick doctors and Merck salesmen can't make any money; hence lost advertising revenue for NBC. Manufacturing illness is more important than manufacturing homes to the networks.

Posted by David Saks ((retired)) almost 9 years ago

David -- Interesting that they are talking about principal reduction -- though they don't understand how it would work or what it would mean to the economy.

Posted by Steven Cook (No Longer Processing Mortgages.) almost 9 years ago

Good point, Steven. A reduction of any amount on any loan is a loss to the lender. Deficiency judgement laws are on the table but don't work for the taxman.

Posted by David Saks ((retired)) almost 9 years ago

What a bunch of hooey!!!!   And she says "we all know that negative equity causes foreclosure"    Uh, toots...NOT PAYING YOUR MORTGAGE causes foreclosure, regardless of your equity position.  

Posted by Karen Burket, Valley Mortgage Grou, Conventional, FHA, VA, mortgages (Bank of Oregon a division of Willamette Valley Bank ) almost 9 years ago

Correct, Karen. P.T. Barnum was right. (click) And more so when it comes to the credo of network news.

Posted by David Saks ((retired)) almost 9 years ago

The problem is: There is a problem, and their (media) embellishment of the problem causes the problem!  Say that fast 3 times!  We know as REALTORS that foreclosures are happening, they are all around us in almost every market, so with this negativity, will the problem ever get fixed?  It is almost the definition of insanity!

Dick Beals

Posted by Dick & Sandy Beals (Wilmington Real Estate 4U Wilmington, NC) almost 9 years ago

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