By Old Real Estate Lawyer

November 21, 2008 5:01 PM | Link to this

Jeff Ostrowski and The Palm Beach Post have reported INFLATED, FALSE and FABRICATED real estate horror stories to SCARE AWAY HOMEBUYERS! How has The Palm Beach Post been misleading readers, let me count the ways:

MASQUERADING foreclosure consultants as unbiased real estate experts whose SELF-SERVING fabricated horror stories scare away homebuyers.

Reporting false stories like the MYTH OF 100,000 CONDOS BEING BUILT IN MIAMI. The Miami Herald concluded there were NEVER MORE THAN 22,000 condo starts in all Miami-Dade County since 2001.

Lying to readers that mortgage interest rates were rising when IN TRUTH they were falling!

INFLATING the monthly foreclosure stats by falsely representing that foreclosure filings equaled ACTUAL homes being foreclosed. They are NOT since there are 4 to 6 MULTIPLE FILINGS for each home in foreclosure, and Jeff Ostrowski knows it!!

Falsely reporting the foreclosure stats for NEVADA AND ARIZONA as foreclosures in Florida (a Palm Beach Post special tactic).

Sabotaging property tax cuts for homeowners by misleading readers on the amount of tax reductions.

The Palm Beach Post has deliberatly destroyed our economy and put hundreds of local companies out of business and they did it just for the fun of it! BTW, how’s my grammer now!

By Jack McCabe

November 22, 2008 1:11 AM | Link to this

1. At the height of the boom in 2005 in Miami, there were 23,000 condos under construction, 25,000 more that had received building permits, and 50,000 more announced for construction. The Herald, as the Old Real Estate Off His Rocker continues to mi-state, has published in several stories that 23,589 condos have been built in the city of Miami, and over 38,000 built in Miami Dade County since 2003. This compares with less than 10,000 built in Miami Dade between 1994-2003.
2. The Post prints mortgage rates as disseminated by the Mortgage Bankers Association and local lenders. No, they don’t make this stuff up to destroy home sales as one sick puppy continues to claim.
3. The Post also publishes actual foreclosure sales numbers directly from the Assessors offices, as well as RealtyTrac numbers showing forclosure pipeline of lis pendens monthly. The same ignoramus continues to play havoc with the facts to suit his vindictive nature.
4. Sabotaging property tax cuts? You really must be from Mars, or Uranus.
5. Please move soon and quit reading the Post. I do hope your computer will crash, or you’ll find someone to love (search in the psych wards)or get a dog (something that will love you despite your lunacy).

By Drive By Media Victim

November 24, 2008 10:28 AM | Link to this

The Old Real Estate Lawyer forgot to add that The palm Beach Post also disguised real estate vulture fund promoters as unbiased real estate experts and The Palm Beach Post also mislead the public with repeated tales of 100,000 to 120,000 condo’s being built in Miami!

Last but not least The Palm Beach Post continues to misinform it’s readers that the monthly foreclosure filings equal actual homes being foreclosed. As Old Real Estate Lawyer has repeatedly pointed out there are multiple “FILINGS” for each home in foreclosure as many as 4 to 6 or more! Foreclosure in an 18 month process NOT AN EVENT! So when The Palm Beach Post reports “there were 900 foreclosure filings in Palm Beach county last month”, that translates in maybe 200 homes NOT 900 homes. The Palm Beach Post and Jeff Ostrowski know better but as OREL points out they just want to scare away homebuyers and mislead their readers! There is no other reason for the deceit.

By Jack McCabe

November 24, 2008 10:51 AM | Link to this

Fairly obvious that Old Real Estate Bologna and Drive by Media Victim are one and the same. Even the anonymity of the phony names can’t hide your identity. I guess this is what you must do when you are alone in your beliefs, make up a ghost supporter. Of course, it only further demonstrates how ridiculous your opinions are.

By Old Real Estate Lawyer

November 24, 2008 4:03 PM | Link to this

Straight from The Miami Herald. “According to Miami real estate analyst Michael Cannon, 13,430 units in greater downtown Miami have been completed (since 2003). Of that, 9,494 — or 74 percent — have closed.” That’s a FAR LOWER NUMBER of condos built than was routinely hyped by JEFF OSTROWSKI and The Palm Beach Post in their four year media gang-bang of real estate! And 74% closing rate is not the horror predicted by the noose media. Of course, neither Jeff Ostrowski nor The Palm Beach Post was interested in reporting the truth. Jeff Ostrowski wanted to destroy the South Florida housing market and used the fabricated hype of 100,000 condos being built in Miami as a HAMMER TO SCARE AWAY HOMEBUYERS. Instead of misleading readers, Ostrowski could have reported that 42% of homes in Florida are owned free and clear. Or that foreclosure Filings do NOT equal the number of homes in foreclosure. Unfortunately for the hundreds of local businesses he closed and thousands of South Florida citizens, including many innocent Palm Beach Post employees he put out of work, his misleading and despicable tactics worked.

By Jack McCabe

November 24, 2008 11:52 PM | Link to this

quoting Michael Cannon’s data as factual is to believe in the tooth fairy and good witch of the North. Cannon has been way off base for the last 5 years. Next Monday, check out the Miami Herald for a second debate between myself and Cannon. I’m sure you believe David Lereah and Lawrence Yun espew correct data and analysis too. The correct Miami new condo numbers are in my previous post. And documentable. But you Old AxToGrindFictitious Lawyer keep believing in the Aesops Fables version of life.

By pochemukers

January 26, 2009 9:00 PM | Link to this

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By piologroono

February 9, 2009 3:13 PM | Link to this

Good days , I wish.