Thursday, April 05, 2007

David Lereah's New Book is Released

David Lereah has done it again. He has written yet another book titled 'All Real Estate is Local: Why Understanding the Housing Trends in Your Area Is Essential to Building Wealth.' The book was just released on April 3rd, 2007. It should have been released two days earlier.




From the Publisher:

Book Description

When real estate booms nationally, there are hundreds of cities and regions that lag behind. Similarly, when the market slows or flattens, countless states and neighborhoods begin to boom. As Lereah makes clear, the most important factor in buying or selling a home is the local market conditions. Lereah shows readers how to:

  • Evaluate the values of homes in one's own town or county
  • Determine whether property values in your targeted neighborhood are on the rise
  • Assess the market conditions in locations when buying a vacation or second home
  • Learn how to identify markets that are overvalued or fully valued, and those that promise to appreciate more quickly in the future
  • Understand the local economic developments that can affect one’s investment in the future

There are countless books offering advice on making money in real estate. This is the first one to explain why knowing the ins and outs of your local region is essential to deciding when, and where, to buy.

-------------------------------

Mr. Lereah tells half truths and manipulates facts and figures. He cannot be trusted as he is a paid shill. Don't buy his book. Figure out ways to mock his book!

41 Comments:

At 9:39 AM, Blogger Pegasus said...

You made a mistake in his title of the book. It should read:

Real Estate is Loco

by David "Cuckoo" Lereah

 
At 10:42 AM, Blogger kbr7171 said...

ou beat me to it. I was going to say "All Real Estate Is Loco...And So Am I!" by David Lereah.

 
At 1:23 PM, Blogger eternitus said...

This comment has been removed by the author.

 
At 1:24 PM, Blogger eternitus said...

I wonder if anybody reads his books?

 
At 1:37 PM, Anonymous Anonymous said...

I will NOT use a realtor to buy a house and will Never buy lereahs books.

Shame on you Lereah. You have have wrong the last few years.
Thankfully I never listened to you and buy at the peak with some toxic loan. Thabnks to this "great" blog and others.

Know a few that listened to your BS and are now losing sleep waiting for foreclsoure.

 
At 1:49 PM, Anonymous Lee Scott said...

There's been a funny pattern to his books so far. His first book (title) told you that you needed to cash in on the national real estate "boom." The second said there was no bubble. Now this one says it's all a matter of where you live (i.e. don't blame me if you lost money on real estate; you just live in the wrong area!) The next book will probably remind you that you can't sue over bad investment advice, and past results are no guarantee of future returns, blah, blah, blah...

 
At 2:54 PM, Blogger Pegasus said...

lee.... I think his next book will be written from prison and titled "Confessions of a Real Estate Scamster...or Jailhouse Relationships In Prison Are Fun" by David "Dollface" Lereah.

 
At 5:11 AM, Anonymous Anonymous said...

This guy Lereah has to be the president of the Liars Club of America. Does anyone actually believe anything he says anymore?

 
At 5:12 AM, Blogger Perfect Storm said...

Did he dedicate the book to anyone? He should dedicate it to his mother, considering she has to live knowing her son is full of shxx.

 
At 8:52 AM, Blogger JuliusCleaver said...

People are making millions in real estate and the whining continues.

 
At 9:08 AM, Anonymous Anonymous said...

Millions are being lost in real estate and the realtor bullshxx continues.

 
At 9:38 AM, Anonymous Anonymous said...

Prices are going down down down! :)

Some "investment" huh?

 
At 10:03 AM, Blogger David L's Mommy said...

Please stop picking on my little David. David never lies. He is just misunderstood much like Alan Greenspan. Greenspeak and Davidspeak. I will translate what he says for you idiots in the future. For example his new book title really means "When shit is hitting the fan, find the pink pony that is pooping".

Always look to the bright side. Now please leave my David alone or I will call your mothers on you.

 
At 10:14 AM, Blogger Corey said...

Is it hopeless? http://infohype.blogspot.com

 
At 4:47 PM, Anonymous Lee Scott said...

Pegasus, I think you might be right. My local version of David Lereah just got indicted for fraud (his name is Al Parrish, and he also was an "economist," if anyone's keeping score). While he was busy pumping up the bubble here on the Carolina coast, he was also embezzeling 30 million dollars from an investment firm he owns. Honestly, before this indictment was handed down, I would have told you David Lereah has even less integrity than this guy, so I wouldn't be surprised to see Lereah's skeletons come tumbling out of the closet one day.

 
At 9:09 PM, Blogger David L's Mommy said...

Lee Scott you and Pegasus stop it. My David is not going to jail. He could never survive there. He would sell out his bosses before he would go there.

David has no skeletons to find. He is a good boy and always loved his Momma. The only thing he would lie about when he was a child is when I would catch him masturbating. You can't blame him for that. Oh and he would also lie about peeking at me in the shower but who could blame him? I think that is where he got those grandiose ideas for real estate. Oh I forgot to mention that I breast fed David until he was eight.

 
At 11:33 PM, Anonymous Anonymous said...

People are making millions in real estate and the whining continues.

Sure. Thanks for the info. Another stupid post but what can you expect from a troll with no intellect.

 
At 8:15 AM, Blogger JuliusCleaver said...

This looks like the same group who sat in the back of the class and couldn't handle the math when you started studying fractions.

 
At 9:32 AM, Blogger Perfect Storm said...

I knew you were a nerd in school Julius, so how leveraged are you in real estate? Going bankrupt is not a bad thing.

 
At 3:31 PM, Anonymous WhoamI? said...

There are three ways to debate an issue:

1. Be right and have irrefutable facts at your fingertips and present them to one and all.

2. Swear, curse, use foul language against others.
3 Attack the other person whom you are debating.

So far juliuscleaver, you have been using tactic #3 consistently. We are all glad you are not using tactic #2, but will you ever use tactic #1 someday?

 
At 6:04 PM, Anonymous Anonymous said...

This looks like the same group who sat in the back of the class and couldn't handle the math when you started studying fractions.

Fractions? Wow you really do have the mind of a 10 year old, not only in the way you attack everyone, but out of all the topics in math, you would pick fractions!

BTW, people who sit in front of the class are nerds. Hope you are getting the hang of fractions by now. In about 4-5 years you can move on to algebra. I don't think you will ever get to calculus.

 
At 9:06 PM, Blogger David L's Mommy said...

JuliusCleaver ....I think you should meet my son David because he was always great at fractions much like yourself. You might even be better at fractions than David.

Here is a question that David never got right.... If your house declines in value by ten percent per year for three years and you paid $500,000 for it what will it be worth in three years? You borrowed all of the value at a 7% annual rate.
David always said that this was an impossible question because no house declines in value. What is your answer and will you be bankrupt because you are borrowing money?

I know you will get this one right. Oh by the way did your mommy ever wean you or are you still on the teat?

 
At 10:55 PM, Blogger JuliusCleaver said...

Childish comments and responses won't change the fact that some people are born losers. Housing continues to do well in some parts of the country.

 
At 8:31 AM, Anonymous Anonymous said...

Julius Beaver you did not answer David l's mommies question. What is the answer, you should know it since your nerd and you know your fractions so well.

 
At 1:26 PM, Anonymous Lee Scott said...

david l's mommy, do you know this grandpa feller from your son's book? Is his grandpa your dad? If so, why was your dad an idiot who couldn't understand that a skyscaper in Manhattan (the center of the biggest city in the most powerful country on Earth) might be worth buying when the market was down? Thank God your son learned from his dumb grandpa's mistake! Now he tells people to go buy that darn skyscaper! Just go get a liar's loan and buy it, gosh darnit! Who cares if the market is over-inflated? Buy it! Buy it! Buy it! And make your grandpa proud... (when you're borrowing money from him a few years from now to pay for your kids' schoolbooks).


—From ALL REAL ESTATE IS LOCAL

"Grandpa told me the story of the biggest mistake in his life every year until the day he died and he always ended the story with the same advice: Never ignore the local marketplace. Grandpa didn’t research the local real estate market. He made his decision about purchasing the skyscraper his business was located in based on what he read in the newspapers and heard on the radio: Across the nation jobs were scarce and families were struggling to make ends meet. He relied on national trends as well as on his experience of what was happening to those closest to him up in the Bronx where he lived – businesses along the Grand Concourse struggling to survive… Grandpa allowed the ills of the nation and the neighborhood where he lived -- which he read and heard about every day -- to blind him to the activity and prospects of the local marketplace in which his business was located. He had an opportunity to purchase a fifty-story building on one of the most sought-after retail streets in the world for a deep discount, and he missed it. He ignored the rich potential of Manhattan because he was so focused on the nation and the Bronx. He ignored the gravity and pull of Manhattan because of the dismal stories he heard about Newark, New Jersey and Philadelphia. He learned the hard way that local real estate values are determined by local activity. He had made a mistake that he would not let himself, or me, ever forget.


In this book, I am following Grandpa’s lead. My objective is to offer you some valuable lessons on purchasing real estate. My Grandfather was not the only person to make a mistake in real estate. Mistakes are made by many households and investors every year. The common thread among them— they did not pay attention to local influences and activity.

I believe that if you master the lessons that I have learned over the years on how to evaluate and purchase real estate the local way—you will become a successful real estate investor—and make Grandpa proud."

 
At 3:25 PM, Anonymous Who am I? said...

Fate is a cruel mistress, Grandpa could have been wiped out financially if he had purchased the building in Manhattan. Many who were rich at the time became penniless, gramps might have been one of these unfortunates.

Never look back at what you could have done, look forward to what you will do. Too bad Lier-reah's granddad didn't learn this lesson, but like they say, genetic problems (like stupidity) hit every other generation.

 
At 4:46 PM, Blogger JuliusCleaver said...

I've made a few mistakes too. But I've also made a few million. Yawn. Bring me another fripper, please.

 
At 6:21 PM, Anonymous Anonymous said...

But I've also made a few million.

Fine. Go away now.

 
At 12:15 PM, Anonymous Anonymous said...

julius dunnce head must own a few over priced dumps he needs to unload.

Real estate is siniing hard and many many are losing sleep worrying about foreclosure.

 
At 4:15 PM, Blogger JuliusCleaver said...

Tell us about yourselves. You're good at telling what is wrong with others, but nothing about you. You must really be LOSERS!

 
At 5:54 PM, Anonymous Anonymous said...

Don't feed the trolls.

 
At 7:01 PM, Blogger Pegasus said...

I think everyone should buy David's new book if he lowers the price and uses softer paper.

Damn that hurts.

David please, lower the price to a nickel and change the paper to a softer type. Then it would feel so good as we wipe our asses with it and you could feel like you had done something useful in life unlike your useless "grandpa".

"Grandpa" was too busy making up stories about how he missed the big one that he forgot to teach you honesty.

 
At 7:52 AM, Blogger Corey said...

Lumber costs plummet. http://infohype.blogspot.com

 
At 3:40 PM, Anonymous Lee Scott said...

JuliusCleaver calls us whiners, but the king of whiners has to be David Lereah's grandpa. Imagine visiting your granddad every year and hearing the same dang story about a skyscraper he coulda, shoulda, woulda bought. The same stupid story, every year until the day he died. Forget skyscrapers, David L's grandpa just needed a major dose of anti-depressants!

 
At 4:20 PM, Blogger Pegasus said...

Yup I can see Grandpa now telling young gullible David that he almost had sex with Marilyn Monroe, how he almost caught a big fish, how he almost was President, how he almost was the Lone Ranger, how he was almost born as a female, how he almost didn't crap his pants in high school, how he almost was the first astronaut......The list goes on and on and David believed every word, so much so that David almost forgot that Grandpa was in an insane asylum.

And that is how David came up with the title of the new book, "Real Estate is LOCO"; just like his idiot grandpa.

 
At 3:13 PM, Anonymous Anonymous said...

Historically, residential real estate appreciates 1% over inflation. With that in mind, it is a mediocre investment, at best.

 
At 6:20 AM, Blogger JuliusCleaver said...

Since 2000 and the stock market meltdown, Real Estate Investment Trusts have netted over 30% a year for 7 years straight. That ain't chicken feed. You didn't even need to buy anything but those trusts and you would be rich and they are easy to sell if you desire to do so. Just a little tip.

 
At 9:15 PM, Anonymous TS said...

I think David Lereah's discovery that location is an important factor for Real Estate will be a surprise for many recent investors.

 
At 3:09 PM, Anonymous Adam "Slow Hand" Smith said...

Since 2000 and the stock market meltdown, Real Estate Investment Trusts have netted over 30% a year for 7 years straight. That ain't chicken feed. You didn't even need to buy anything but those trusts and you would be rich and they are easy to sell if you desire to do so. Just a little tip.

Oh, thanks for the "hot" tip. That's a bit like offering advice to "buy Enron" shares AFTER they already started collapsing!!

You're seriously not suggesting buying into REITs now, are you, now that the housing bubble has been proven conclusively to be a bubble, a pyramid scheme?

Julius Cleaver seems to be campaigning hard for one of Lereah's main functions at the NAR, namely, predicting that which has already passed! Lereah's main role of late at the NAR seems to have been that of weather post-caster, explaining what the weather HAD been and how it had hurt housing sales.

 
At 3:13 PM, Anonymous Adam "Slow Hand" Smith said...

Anonymous said:

Historically, residential real estate appreciates 1% over inflation. With that in mind, it is a mediocre investment, at best.

Actually, check Schiller's (Yale economist) graph from 1890-2006, and you'll see it's even less than 1%: more like 0.4%, I believe... That includes the recent run-up from 2002-2006, which is VERY atypical. As they say, 'regression to the mean' can be a biatch, folks.

 
At 10:19 PM, Blogger ABBEY L said...

my dad does not tell half truths. he did not leave nar because he lost his credibility. GET YOUR FACTS STRAIGHT BEFORE YOU THROW YOUR CRAP ALL OVER THE INTERNET

 

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