Are You Missing the Real Estate Boom? 2.0

Monday, October 30, 2006 | 03:34 PM

I stumbled across a fascinating new blog: David Lereah Watch.

Here's the description:

"David Lereah is the Chief Economist and Senior VP of the National Association of Realtors (NAR). Mr. Lereah regulary makes statements regarding the housing bubble. The media regulary turns to him for real estate quotes. He is very influential. Mr. Lereah tells half truths and manipulates facts and figures. He cannot be trusted as he is a paid shill."

Geez, its as if people pay attention to what you say and make you accountable.

One of the more interesting things I came across on David Lereah Watch was the new version of his book. You may recall we discussed this last months in Are You Missing the Real Estate Boom?

Turns out we were using the older version of the cover; the new cover is somewhat telling:


Hat tip: David Lereah Watch



UPDATE:  October 31, 2006 11:29 am

Kevin over at Minyanville imagines what the subsequent title revisions will look like in the future:

2007:  "Why the Real Estate Boom Will Not Bust and How Foreclosures are Technically Part of the Continuing Real Estate Boom, In a Way."

2008:  "Why the Real Estate Boom in Distressed Properties Will Not Bust (except in certain local markets) and How You Can Use Leverage to Profit From It."

2009:  "Why the Phrase "Real Estate Boom" is Often Misunderstood to Mean Higher Prices and How You Can Pray for Them."

2010:  "Why the Real Estate Boom Will Soon Bounce Back and How to Eventually Profit From It."

2011:  "Why Did I Have to Write "The Real Estate Boom Will Not Bust Through the End of the Decade" and How Did I Not Realize How Long A Decade Really Is?"

2012:  "Oh, Dear God, Please, Please Let the Real Estate Boom Bounce Back... and How You Can Profit From It."

2013:  "Please, Please, Just Let the Real Estate Boom Come Back This One Time for This One House and How You Can Break Even From It."

2014:   "Why I Am Willing to Accept a Small Loss of 35% On the Real Estate Boom and No Longer Care About How to Profit From It."

2015:  "Why Can I Maybe Borrow a Couple Dollars Off You Until the Real Estate Bust is Over?"

Too funny -- thanks Kev . . .

Monday, October 30, 2006 | 03:34 PM | Permalink | Comments (31) | TrackBack (1) add to | digg digg this! | technorati add to technorati | email email this post



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» Pending sales from Wcw
National Association of Realtors® Pending Home Sales IndexSeasonally Adjusted Annual Rate, 2003-2006 The Pending Home Sales Index,* based on contracts signed in September, slipped 1.1 percent to a level of 109.1, following a 4.5 percent gain in August, [Read More]

Tracked on Nov 1, 2006 1:49:41 PM


Lereah is nothing but a well paid cheerleading shill for the RE Industrial complex.His analysis makes Mary Meeker and Henry Blodgett seem like Warren Buffet.

Posted by: Thedudeoflife | Oct 30, 2006 3:49:57 PM

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