David Lereah Watch Mentioned in SF Gate
The David Lereah Watch was mentioned in a San Fransisco Gate article title 'Bubble Bloggers are the new real estate sages.' As Cramer says 'Boo Ya!'
Neat. Thanks for the mention. :-)
But despite the daunting numbers, the real estate industry continues to post optimistic predictions like a tribe of Pollyannas on steroids. Last week, David Lereah, author of 2006's "Why the Real Estate Boom Will Not Bust" and the National Association of Realtor's chief economist, had the audacity to suggest that "the worst is behind us" in terms of lagging sales numbers in September.Times have changed, though. When the market was boomin', his word might've been taken as gospel. But now that the sky is falling, bubble bloggers have become the sages of the day. In August, Ben Jones, creator of Thehousingbubbleblog.com, was featured in a Q&A on Newsweek's Web site, and Andrew Leonard covered his blog in Salon. Last week, David Lereah Watch, the Internet watchdog of the industry's most relentless booster, was mentioned in Business Week. .....
Other blogs have attempted to give this mathematical mayhem a human face. David Lereah Watch chronicles the botched predictions issuing from this high-profile industry insider