back to words

I didn't get any bites on my questions about what our church is up to, so I thought I would continue to meander along in my exploration of words and the communication of reality. I have had to step back this week and reflect on how this is affecting me personally, as I have noticed just how much we are reliant on words for our understanding of reality. To tell the story:

Adrianna and I are looking to buy a house, and this is a big commitment as many would know. Houses are very overpriced and unaffordable at the moment and have been for some time now, but we really want to get out and have a place of our own.

As we are in this space, we find that we are particularly attentive to news articles about what is happening in the housing market and interest rates and the economy in general, because these things affect affordability. Do we jump in as soon as we can because prices are going up, or do we wait because prices are coming down and will continue to do so.

I have found that the media is just as unreliable in reporting on housing as they are on any other topic. On the same day, one article will say house prices have come down 2% in the last month, another will say they are likely to come down 10% in the next year, another will say 'but wait, the reserve bank is going to cut interest rates so that will change', and then another will say, 'but maybe they aren't going to cut interest rates because employment figures show a growth in employment. All of these articles paint pictures of reality, but are not necessarily accurate or true, even though they are based on facts. They have the power to influence decisions, perhaps we should wait and see if prices settle and/or come down, and in the meanwhile build our capital so as to pay off less interest when we do buy. And perhaps this will lead to more houses coming onto the market, and thus more choice, as it starts to become a buyers market. But then, there are the reports that housing prices will continue to rise because of population growth and immigration which keeps the demand high.

And so, day by day, the facts we are given to make our decisions on are fed to us electronically with words and statistics, which paint pictures, which limit the options and set our focus and bias.

Alternatively, we could monitor the prices ourselves and look at trends, but we don't have access to what houses are actually selling for (just what they are listed for) unless we pay money for reports. So reality is mediated to us by various conflicting sources, and we have to make significant decisions from that information. This shows the power of the media to shape reality as they influence decisions of many people and shape the market. This is even more pronounced int he share markets, where people use mediated information to buy and sell, and rash decisions can be made, and crowd mentalities can be witnessed. The person who can 'mediate' reality and shape decisions has a lot of power indeed.

How do we assess what is 'true', how can we determine which article is 'reliable'? We have established that words have power to shape and influence our understanding of reality, and thus our decisions to interact with and change reality. We also know that if words conflict with other words about what that reality is then we need to decide what is true and reliable over what is false and misleading.

This problem brings us back to the garden of Eden once more, where Adam and Eve made a significant decision based on the words of a talking snake (yeh, nothing suspect there), which interpreted the reality before their eyes and 'deceived' them. As opposed to the true and trustworthy words of the God who created them, they chose to believe the creature instead.

On what basis can we trust the claims of one person over another? Or should we treat all such words with caution and seek to learn everything the hard way, through experience? In the case of the real estate issue, I do acknowledge that it is largely an area of speculation and trends, nothing is certain and it is all dependent on market forces, which are highly unpredictable. If this is the case, then is the speculations no better than the fortune tellers? Is it like the Oracle in the the film The Matrix, who asked Neo if he still would have knocked over the vase if she hadn't warned him about it?

I think we should wait until we find something we like for a price we are willing to pay, and just keep an eye on if prices are starting to come up again.