The average consumer WANTS to be misinformed about housing. He wants to buy, and he wants to be told it’s the smartest decision he could ever make, no matter how much he pays or how deep into debt he gets. So the mainstream press will continue to tell him to buy, not only because it pleases the government agencies, banks, and sellers who want to get him into debt, but because it “makes sense” to the average consumer himself, who just can’t be bothered to do the math and who has already decided that it’s always smart to buy, no matter what the price.
