Q & A Time with the Blogger
The blog will continue to operate as documentation of the David Lereah's role in the destructive US housing bubble. Prominent commentators (those who receive significant media attention) need to be monitored by concerned citizens.
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, wrong predictions, and destructive cheerleading. It was a way to prevent people from buying at or near the top of the housing bubble.
Is there anyone you want to thank?
My fellow housing bubble bloggers who 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, manipulations, wrong predictions, and destructive cheerleading. The housing bubble was a gross misallocation of capital. It is having negative effects on our economy now and for many years to come. Mr. Lereah led people into irrational decisions. The foreclosure rate is an outgrowth of the housing bubble. Mr. Lereah and others are in part responsible for this travesty.
Do you feel your blog contributed to David Lereah's exit from the Realtors' Association?
Yes. Reality would have discredited this paid shill anyway, but this blog hastened David Lereah's inevitable departure.