Orange County business columnist Jonathan Lansner writes Sunday that readers chided him five years ago when he wrote that he believed the housing market in California had reached its peak. Now that housing prices are dropping, readers want to know if Lansner is gloating.
“For starters, this Orange County homeowner – for 21 years — enjoys appreciation as much as anybody else. As an employee in a business that sells real estate advertising, I’m no fool: Part of my paycheck comes from a healthy housing industry. And you may be shocked, but not every journalist thrives on the carnage of war or recession or the like.
“So, trust me, my emotional bias is to the upside when it comes to real estate.
“The little spreadsheet inside me, however, does the worrying. And when you see a rapidly fattening premium for any item – from homes to stocks to Beanie Babies – I tend to question whether it’s a rational extra price worth paying.”
Read more here. Lansner explains the numbers he looks at when writing about the real estate market.
Bloomberg Law has hired Olivia Alafriz to cover insurance litigation and regulation. She is on the corporate…
Bloomberg Law has hired Lauren Clason to cover health benefits. She has been a health care reporter…
New York Times business editor Ellen Pollock sent out the following: I’m excited to announce: Mohammed Hadi…
Hannah Dreier, an investigative reporter at The New York Times, won a Pulitzer Prize for investigative reporting…
The Washington Business Journal has hired Ben Peters to cover commercial real estate. He has been the…
Bloomberg Radio has a rare opportunity for a motivated, hardworking Producer to contribute to it's…