Tues Post #1: Media Manipulation? You decide.

Took a break for the long weekend, but let's pick up where we left off.

On Thursday we talked about all the hype in the real estate world with the upcoming Chinese New Year.

We told you about an article in the Vancouver Sun:  Realtors prep for Lunar New Year upswing in sales - In previous years, industry gets a bump during holiday time in China.

 “It’s hard to say what’s going to happen this year, but I expect we will see a bump in sales activity during the month of February,” said Cameron McNeil, president of project-marketing firm MAC Marketing Solutions.

Take note of that company, MAC Marketing Solutions. We'll be coming back to that shortly.

For now, back to the Sun article

McNeil said Asian buyers have been more active in the Metro Vancouver market in recent weeks than they were through the middle of 2012.

Asian buyer have been more active in the Metro Vancouver market in recent weeks?

We laughed at that on Thursday.  Smacks of media created hype to us, another lame attempt to generate phantom demand as a lever to encourage buyers to "buy now before the Asian surge prices you out of the market".

McNeil said his salespeople are seeing an increase in activity, including from Chinese buyers.

“To me, (Chinese buyers) are a leading indicator,” McNeil said. “What I mean is, when Chinese buyers are active, it is a little bit of a bellwether (for the overall market), and the Chinese are active.”

Buyers are taking their time, McNeil said, but for developments in good locations with “fair values, prices aren’t coming off and are selling very well.”

He added that locations with established neighbourhoods, good schools and proximity to rapid transit are popular

As frequent poster, Bo Xilai, noted:

Yeah, I can see wealthy Mainland Chinese buyers consider proximity to rapid transit as being SUPER important to their buying decision.

Why take the Bentley when you can ride the Canada Line?

Maybe Mr. MacNeil is trying to get his real audience – brokeass first time home buyers – off the fence.

That is exactly what we think the entire 'media campaign is all about, manipulating local first time home  buyers off their collective butts to get into the market.

All weekend long, articles appeared promoting this thread.

Perhaps the best was this one over on CTV. The title of the news piece: "Year of the Snake nets condo sales: developers"


CTV takes us to the Maddox condo development in downtown Vancouver. Maddox is being marketed by MAC Marketing Solutions... yes, the same MAC Marketing Solutions from the Vancouver Sun article on Thursday.

In the Maddox display suite, CTV introduces us to two potential Asian buyers.

Chris Lee, who moved to Vancouver from China two years ago, said she and her sister are looking to buy a hip downtown condo, and now that their parents are in town for two weeks celebrating Chinese New Year, they have financial help. 

“If we like this place we have to tell them and they make the decision,” Lee said. “Usually Chinese people like to buy during this time.” 

Condo developers embraced the influx of offshore buyers, with some companies bringing in additional Chinese-speaking staff to help sell units.

Chris does all the talking, but the two sisters are identified in the story. They Amanda Lee and Chris Lee.

So let's summarize here for a moment.  

The market is in a deep slump, but we get a big media blitz for Chinese New Year telling everyone the market is suddenly "alive in recent weeks with Asian buyers." Asian buyers who are looking for the same sort things in real estate that local buyers are looking for.

At the heart of the media blitz is MAC Marketing Systems. They conveniently back up their media campaign with two classic children of wealthy Asian parents, parents who are coming to town to buy them a condo for CNY.

See?  The market is alive and well... the overseas Asians are buying again, are you going to be left out?

Hmmm.

Not so fast though. These 'overseas wealthy Asians' might not be as 'overseas' as we have been lead to believe.

I know when I first saw this clip, the spidey senses were a-tingling. Didn't we see something like this last year when one of Cam Good's salespersons posed as a groupon condo buyer for Global TV? 

Other skeptics were having their doubts too. Over on VCI, Saint Patrick dug up an interesting profile on linkedin (click on image to enlarge):

Yep... you read that right.  

Coincidence of coincidences, MAC Marketing Solutions has an Administrative Assistant named Amanda Lee who not only works for MAC Marketing Solutions - but her current background says she's attached to the Maddox Downtown condo development. 

You don't say?  No ethic issues here, move along... I'm sure it's just a coincidence.

The weekend was topped off by an interesting email in my in-basket which I have only gotten around to reading early this morning.  It is from Matthew Black, a reporter from CBC-TV:

Hello, 

My name is Matthew Black and I'm a reporter with CBC Vancouver TV. 

I 'm looking to a 'myth busting' style piece on the supposed spike in real estate sales during Chinese New Year. I was quite interested by your blog posts on this subject. 

Would you be available to chat sometime today? I can be reached at 604.XXX.XXX or on my cell at 778.XXX.XXX 

-Matthew Black CBC News Vancouver

Appreciate the email, Matthew.  But the reality is that an anonymous blogger may not be the best interview for a TV reporter (kinda defeats the whole 'anonymous' thing).

But if you're up for it, I'd be willing to bet Amanda Lee would make a great focus for a 'myth busting style news piece.'

If the CTV Amanda and the MAC Marketing Solutions Amanda are both one and the same, why is the media standing by while the public is blatantly manipulated by the real estate industry in this fashion?

See if you can get her parents too. I understand they're in town this week.

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