I’ve been on a rant apparently.. I have offended a few, my opinions do not align with the mainstream and therefore MUST be irrelevant!
Information these days seems to be a commodity that is traded and priced to the highest bidder… it is that bidder who then determines said information’s face value to the rest of the world. If you own the information, you control it’s value.. and I would imagine that you would want that information to WORK FOR YOU!
I have written recently (here) about the dangers of running blindly with the crowds, without having the knowledge and ability to see outside of the box and to analyze and interpret raw data by yourself.. The majority of the general public don’t have the time, smarts or energy to consider data and information, they don’t have the tact and skills to be skeptical of what is thrown before them constantly every second of every day! This phenomenon is what those who profit on the fools rely on, they operate on the fact that WHATEVER they decide to present to society and the public the MAJORITY of the public will accept it.. not only accept it in the sense like “OK, yea” the majority accept it as FACT!
This is where people fail in life without even knowing it.. this is where society and public lose and the SMART win.
The manipulation of data is an asset to those who manipulate it ten times more than being able to compile and share that data in itself. Data is the foundation of information, must I explain?? With raw data, we can have raw information.. we can leave it there and let the rest of the world decide for itself what that raw data and information means, but I’ve detailed in the past how unintelligent LARGE groups of people generally tend to be.. so in order for the data/information to MEAN SOMETHING it is refined into a product that is finally passed onto the general population. It is this step of refining the raw data into usable and easily understood information where the clowns of the world fool the rest!
The EXACT same set of raw data may be manipulated in any way, the same set of data may argue for both pro AND con at the same time.. how? It’s all in the presentation.. and of course the clever wording.
Example, the recent end of the boom of Canadian Real Estate has not been good news for many.. in fact the mere mention of a “downturn” or “correction” gets destroyed instantly by those who rely on an exploding housing market to make a living. Mortgage Brokers, Real Estate Brokers, Construction companies, Home Depot, Rona etc.. you get the picture. In fact roughly 25% of Canada’s economy and jobs are directly or indirectly connected to our housing market, if this market tanks so do hundreds of thousands of jobs. Predictably this scares the hell out of politicians, political parties, policy makers, trades people, your local used house sales men and mortgage brokers alike. The base of housing markets are people BUYING and BUYING and BUYING.. the more they BUY the HIGHER house prices go which in turn fuels more BUYING and of course jobs for everyone else involved with the construction, sales and financing of houses. So, 25% of Canada’s economy is fueled by BUYING and BUYING.. who cares that people can’t afford what they are buying today.. as long as they BUY the next fool will also BUY. This whole system is short sighted and a disaster waiting to implode on itself.
*Disclaimer* I do not have any negative stance or opinion against home ownership, my views are more geared towards unsustainable and illogical ownership
But the BUYING must go on, and people buy based on what everyone else is doing for the most part.. and everyone is buying based on the information being spoon fed to them. Who is feeding this information when it involves home buying? The Canadian Real Estate Association or CREA, they are solely responsible for feeding the majority of the information that (unintelligent) Canadians use to base their opinions.. all of this information is filtered out to the public via media outlets, newspapers, magazines, advertising and your local real estate office. They get all of this information from the raw data they collect. So what happens when the raw data you are collecting starts to go sour and turn against you? You manipulate the crap out of it to suit your needs.. remember how stupid the public is? They take ANYTHING for face value! So late last year when housing sales and housing prices started to plateau and drop in various markets across the country the CREA had to get clever, how can they run their circus on negative information?? Lets have a look at a few recent headlines!
Ottawa, ON, June 17, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales improved in May 2013, building on gains recorded in the previous two months.“BC home sales rose 6.7 per cent from May, on a seasonally adjusted basis, with June being the fourth consecutive month of increasing sales activity,” said Cameron Muir, BCREA Chief Economist. “Since February, home sales across the province have climbed by 23 per cent, on a seasonally adjusted basis,” added Muir.