Falling house prices are great news for many people, so why do the media

W

W. Rostow

New member
always report this as bad news? In the UK, from 1997 to 2007 the average price of a house increased from £58,000 to £188,000. From this period, wages only increased by 40%. This had the disastrous effect of putting the price of property out of the reach of most ordinary people, with house prices over 7 times the average salary. This also had the appalling effect of people only being able to buy property on the basis of their family wealth rather than their income, a situation which could have a highly damaging effect on society for decades to come, exacerbating the gap between rich and poor and sounding the death knell for a meritocratic society. Falling house prices should be celebrated, and should be reported in a positive light.
 
It's all about psychology.

It is the job of the media to condition the minds of the public.
Be that "TERROR quick be very afraid",..or "PEADOPHILES!! hurry hide your children its a dangerous World!!",...or "THE ECONOMY IS GOING TO EXPLODE AND WE ARE ALL GOING TO LOOSE OUR JOBS, unless...

On and on the programming goes.
 
Because the media always revel in bad news. If something good happens they don't think it will sell papers and make them any money.
 
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