NBC Today: Despite Housing Bubble Pop, You Buy That $600K Second Home! [View All]

[The Cleaner]

When will the idiotic nonsensical network morning shows get a grip?

Yesterday I posted an article entitled "The Housing Bubble Has Popped" (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=1818083&mesg_id=1818083). But despite the obvious, the ever clueless, ever cherry NBC Today Show thinks we're still in the boom times where everyone has monies to burn.

So they parade out Peter Moore of Best Life Magazine who proceeds to claim how hot the second home market is right now, and how it's a great investment. He mentions a few "modest" vacation homes worth $600K and up - Hamptons, you name it. "That home will double in value," he claims.

Asshole! If people can't even afford their FIRST homes anymore, how the hell are they going to afford a second home??

When does the media (particularly these mindless morning shows) cross the line into utter irresponsibility? Or did some real estate company(s) pay NBC Today for what amounts to nothing more than a lying
:puffpiece:

They're leading the lemmings off the cliff. Great for their ratings, bad for the people.