The Blog In Transition
Within a few weeks, David Lereah will no longer be working for the National Association of Realtors. He will be much less quoted in the mainstream media. What are the plans for this blog?
Posts are expected to be much less often. I would like to follow up and track Mr. Lereah's real estate investments, but this will probably be once every 6 months. If he his quoted by the mainstream press on the housing market, he will be watched on this blog.
The blog will continue to operate as documentation of the destructive housing bubble.
Why did you start this blog? Why do you care?
I started this blog for two reasons; economic activism, and because it is enjoyable. I strongly believe that paid shills, like David Lereah need to be taken to task for their half truths, manipulations, and destructive cheerleading.
Is there anyone you want to thank?
My fellow housing bubble bloggers deserve much credit for helping to expose David Lereah. Particularly, Keith from Housing Panic. Keith is a true ally in helping to discredit Mr. Lereah. Also, thanks to all my readers.
What do you have say to those who say Mr. Lereah was just 'doing his job' as a spokesman for the National Association of Realtors?
It doesn't really matter. Mr. Lereah's is still liable for half truths, fact manipulations, and destructive cheerleading. The housing bubble was a gross misallocation of capitol. It will have negative effects on our economy for many years to come. Mr. Lereah led people into irrational exuberance.
Will you be launching a new blog to track Mr. Lereah's replacement at the NAR?
No. I will be not be launching a new blog to track Mr. Lereah's successor. However, that blog is very much needed. I fully encourage someone to take up the flashlight and shine it brightly.