August 17, 2007

ProJo: In Foreclosure, there's profit!

Marc Comtois

What to make of the "Housing in R.I." section displayed prominently on today's frontpage?

Let's see,, how ironic, Both condo sales and foreclosures are rising. Weird. Aw gee, Foreclosures taking a toll on Providence neighborhoods that's sad. Not just here either? Nation's mortgage woes put brakes on construction of homes, apartments. Yikes.

Wait a sec, I wonder.....I've seen those house flipping shows....hey look! Buying foreclosed property: What to watch out for. Oh, and What to do if foreclosure looms, yeah whatever....take me to the....

Foreclosure ads in

Talk about your journalistic and advertising symbiosis!

Heck, I recognize there are opportunities out there given current housing market conditions. (Full disclosure: I spent a summer as a cleaner of recently foreclosed homes). But isn't it a little weird for the ProJo to have a bunch of stories on various aspects of the current crunch all seem to lead into their own foreclosure advertisements?

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Your "liberal MSM" at work LOL.

Posted by: rhody at August 17, 2007 1:12 PM

Marc, Marc, Marc. The ProJo isn't cashing in on everyone's misfortunes. They're just trying to ameliorate the problem by putting buyers and sellers together.

Posted by: SusanD at August 17, 2007 3:57 PM
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