by Anton Blewett on October 14, 2007
By Anton Blewett, Cell: (650) 996-2028
The front page of today’s Sunday Edition San Francisco Chronicle reads: “Mortgage Meltdown: Neighborhoods crumble in wave of foreclosures,” “One Street’s Nightmare: People bail out, those who remain suffer,” and “Local Trouble Zones: Epidemic repossessions hit several ZIP codes.” The three articles are largely based on the chart titled “How ZIPs become trouble zones,” which lists the zip codes with the highest rate of foreclosures.
- Is any zip from San Mateo County listed? No.
- Are any San Mateo County cities mentioned in the article? No.
- Will the article affect the value of San Mateo County homes? Big time.
The articles mislead the public, specifically potential buyers, into thinking that a major real estate downturn is occurring in all areas of the Bay Area when in reality, it is occurring in only specific neighborhoods. [click to continue...]
Share This With Someone
