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Tuesday, February 2, 2010

That's what I'm talkin' 'bout...

 
The above picture is one of the best and most glaring examples of what I've written about here a few times. And that is, The Kansas City Star's inability--or lack of desire or something--to write anything penetrating--and yes, potentially negative--about the state of the area's real estate, with some few, rare exceptions.

I assume the realtors have them by the throat or something.

I thought one of the most important jobs the local newspaper would be to keep the area readers and inhabitants informed on the state of one of our most important facets of our economy--that is, both the commercial and residential real estate markets.

Silly me.

The above condominium building was created in the last year or two but to this day has remained vacant. It's in a very desirable area, too, overlooking Mill Creek Park, just off the Country Club Plaza, and is a beautiful facility.

And if it were the only one--or just one of few in the area--I could understand overlooking it.

But the fact is, there is a great number of these condominiums available in the area.

And you wouldn't know it by reading the local paper.

Commercial real estate? Especially retail?

Same thing.

I would think there are more stories there.

They did have one article, a couple days ago on foreclosure notice rates in the city compared to others, nationwide and another on discounts home buyers were getting on properties--the "pretty" news, for buyers--but that's nearly it.

And sure, they'll report the opening of a new store now and again, but give the overall, big picture on real estate, especially now, when we're in a downturn?

Not really.

Not if you read The Kansas City Star.
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