Sunday, April 15, 2007

Excerpt from Lereah's Book March 2005

" I believe that in years to come historians will see the beginning of the twenty-first century as the "golden age" of real estate. And I want to persuade you to take advantage of this historic opportunity. "
["Are You Missing the Real Estate Boom? Why Home Values and Other Real Estate Investments will Climb Through the End of the Decade-And How To Profit From Them" March 2005, p4]

19 Comments:

At 6:35 PM, Anonymous Anonymous said...

The man is clearly smart. They dont hand out PhDs to anyone. So why would he sell himself like a common whore??

We have Markowitz, Sharpe, Tobin, Shiller, Siegel that added to society. Now we have this sad pittiful man who cares about only himself. Why? What's wrong with him?

 
At 9:27 PM, Blogger Michael Viking said...

Huh? I know plenty of people with PhDs who are not smart. It doesn't take smarts, it takes time, money, perseverance and work - not necessarily in that order.

Keep up the good work of chronicling the Lies of Lereah.

 
At 5:56 AM, Blogger Corey said...

Tuesday's One-Two Punch at http://infohype.blogspot.com

 
At 6:51 AM, Blogger Veronica Lodge said...

David Lereah, Chief Economist of the National Ass. of Realtwhores, has the ethics of a dope-dealing pimp. However, his prophesies are not entirely without merit.

Mr. Lereah is a very reliable contrary indicator: Take whatever he says and reverse it. For example, he said, "I believe that in years to come historians will see the beginning of the twenty-first century as the "golden age" of real estate. And I want to persuade you to take advantage of this historic opportunity."

TRANSLATION: "I believe that in years to come historians will see the beginning of the twenty-first century as the "DARK AGE" of real estate. And I want to persuade you to AVOID this historic DEATH TRAP."

 
At 1:31 PM, Blogger David L's Mommy said...

Veronica Lodge ...you big slut. You stay away from my David. If anyone is going to interpret what he says it will be me, his Mommy, not some two-bit whore that may or may not have slept with David.

You're just angry cause he dumped you. He said you were subprime and that your bubble had burst a long time ago. He also said that your idea of a good time was flushing the toilet and yelling "Thar she blows". Good God girl get a life!

 
At 4:54 PM, Anonymous Anonymous said...

"The man is clearly smart. They dont hand out PhDs to anyone. So why would he sell himself like a common whore?"

Lereah's publication record -- the true measure of a successful PhD -- is a joke, both in terms of peer reviewed articles written and number of peer citations. Look at it youself at a Google scolar search for David A Lereah.

It's almost as if he never was in a PhD program -- it sure would have been much better for the country if he never entered economics.

 
At 5:40 AM, Blogger Corey said...

Inflation lower than expected. Are rate cuts close? http://infohype.blogspot.com

 
At 7:14 AM, Anonymous Anonymous said...

Rate Cuts? LoL

Have a look at the USD Index.

 
At 9:28 PM, Anonymous TS said...

Ms lodge,I managed real estate in east oakland for more than a decade,and your comparison of Mr lereah's ethics to those of a dope dealing pimp is a foul calumny upon those entrepeneurs who provide services that are much desired by our society,despite their illegallity.

 
At 9:19 AM, Anonymous Anonymous said...

Please give a call, David. I'm a reporter working on a story about Lereah resigning from NAR. 202 310 5474

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

Economist Lereah to leave NAR, join Move Inc. next month


HAHAHAHAHAHHAHA!!!!!!!!!!!!!

 
At 9:54 AM, Anonymous Anonymous said...

Hey reporter this blog saved me from listening to the NAR propaganda. I would be a screwed homeowner now in over his head. I know a few good people who got sucked into their BS now they have sleepless nights trying to figure out how to make the payments.

The whole problem is house prices. simply way to high fot the avg person to afford. NOONE REPRESENTS THE BUYERS INTEREST IN THIS WHOLE HOME BUYING PROCESS.

CONGRATS DAVID FOR AN EXCELLENT BLOG.

 
At 10:12 AM, Blogger LAMoneyGuy said...

Holy Crap! Lereah to leave the NAR.

http://www.marketwatch.com/news/story/economist-lereah-leave-nar-join/story.aspx?guid=%7B72027104%2D9CCD%2D458F%2D907B%2DBDF80DA9BE9E%7D

 
At 10:19 AM, Anonymous Anonymous said...

Daivi is joining Move Inc. See press release below. BTW, I like this statement in the PR release:

David is an expert on real estate and the economy, and his stature and
expertise enhanced NAR's position as the most credible source on economic
and policy issues affecting the housing industry in the United States and
abroad," said Dale Stinton, NAR executive vice president and CEO. "We wish
him the greatest success in his new endeavor."



http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-30-2007/0004576856&EDATE=

 
At 10:23 AM, Anonymous Anonymous said...

Is this good news or bad news for the future of this blog?

Answer: bad news.

 
At 10:24 AM, Anonymous Anonymous said...

Boycott realtors.

Do NOT use a realtor when you buy a house.

A few more years of ramen may send them the right message to clean up their act!

 
At 10:46 AM, Anonymous Anonymous said...

Just read on Ben Jones' blog - Lereah changes jobs:
Leading Real Estate Economist, David Lereah, Joins Move, Inc. as New Executive Vice President and Chairman of New Venture

http://news.move.com/phoenix.zhtml?c=192403&p=irol-newsArticle&ID=992808&highlight=

 
At 1:57 PM, Anonymous chicago real estate bubble said...

"The man is clearly smart. They dont hand out PhDs to anyone."

Smart is relative. There are people with PhD's who can't manage their finances or lack common sense.

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

my dad is one of the smartest men out there. all you people shut up and find something better to do then ridicule my dad and say completely UNTRUE things about him. your blog sucks because you dont even have your facts straight.

 

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