On April 19th - over a week ago, Mike Davis wrote a column approved by editor Nick Goldberg in which Davis stated that the San Francisco housing bubble had 'burst'. Now it is one thing to say that there is a housing bubble in San Francisco - that is an opinion. It is another thing to say that you believe that there is a bubble and to then predict that it will burst or is about to burst - and that too is an opinion.
But to say that the San Francisco housing market has burst - at a time when prices and sales are hitting record heights every month - is a lie, not an opinion. A lie that had been exposed repeatedly in my previous posts - and equally exposed by links in the LA Times' own real estate section.
But instead of a retraction and a correction (and an apology) - all that there has been forthcoming from the Times is... silence. A silence from the very highest levels of the LA Times that tells everyone in this city that the LA Times and its Publisher and its Editor approve of its writers lying and equally approve of its editors covering up those lies.
But, as anyone who regularly reads the LA Times knows, this should not be news to anyone.