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Downtown Austin Condos: Build or bust? Fact or editorial disguised as fact?

Jude Galligan | November 28, 2008 |

by jude galligan

does the statesman use dirty headline tactics?
"At last?"

The Austin American Statesman is one of two local papers (the other being the Chronicle) that reach Austin’s masses. These newspapers set the agenda and guide the discussion on topics of their choosing. The words printed on the pages of the Statesman, Austin’s most widely read newspaper, have the power to affect the home values and lives of thousands of Austinites. With that power comes responsibility.

Wednesday morning I picked up a Statesman at Jos Coffee and in big bold black letters “Condos caught by crisis at last”, “Breakneck rate on sales of units, construction slows as credit and capital dry up”.

Curiously, neither of those dramatic headlines exist in the online version of the article. In the print edition, immediately to the left, in much smaller font, was the news – the government is injecting $800MM to expand the credit markets.

Shonda Novak is a staff writer at the Statesman and wrote the above article. Shonda has been reporting on Austin real estate for years. If Shonda writes that the sky is falling on Austin real estate, then 100k+ Austin readers look at their spouse and say “Hon, did you see that article in today’s paper about Downtown condos? I’m telling you, Babe, those developers will never sell all those condos! Just wait and they’ll be selling them at twenty cents on the dollar!”

I read and re-read the article. Seeing the print edition headline, I expected catastrophe. Instead, I found nothing at all particularly newsworthy.

Is it possible that the Statesman’s headline was overly sensational?

Taking a similar approach to how I dissected this article, after the jump, I’ve cut/pasted a handful of quotes from the article, and then I explain if that quote is, generally speaking, true, false, or if the quotes are generalizations or simply editorial in nature.

[Read more…] about Downtown Austin Condos: Build or bust? Fact or editorial disguised as fact?

Filed Under: austin news, development, downtown austin, Real Estate, sold Tagged With: condos, downtown austin apartments, downtown austin real estate, statesman

RSVP for The Austonian half-way party!

Jude Galligan | November 21, 2008 |

Where: The Austonian
When: Tuesday, December 9th 5-8pm
What: The Austonian would like you to join them to celebrate – 28 of 56 stories are complete!  [info pdf]

The Austonian
The Austonian

Filed Under: buildings, development, Real Estate Tagged With: austonian, condos, downtown austin property

Build or Bust? Fact or Fiction? Downtown Austin Condos

Jude Galligan | November 19, 2008 |

You might have seen this article recently.  It’s an interesting read.  Filled with quotes and bold statements.  You might have also seen my recent article about the actual number of dwellings in Downtown Austin.  As your loyal Downtown Austin Realtor (plug!), I thought I would dissect this article and give you the scoop from the trenches of Downtown Austin Real Estate.

I’m going to cut/paste a handful of quotes from the article, and then explain if that quote is, generally speaking, true or false.  Let’s begin…

“If people are waiting for the crash to come and for people to give away condos downtown, it’s not going to happen,” Spring developer, Perry Lorenz

Know the truth after the jump!

[Read more…] about Build or Bust? Fact or Fiction? Downtown Austin Condos

Filed Under: buildings, development, downtown austin, Real Estate Tagged With: condos

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