Monday, November 20, 2006

David Lereah's Presentation At Realtors Convention

David Lereah's presention The Road to Recovery, slide number 1, at the Realtor's Annual Convention in New Orleans (Nardi Gras). It is ironic that there is a steep treacherous cliff on the edge of the road and clouds ahead.

Announcing it is a 'Unique Housing Cycle,' Lereah blames the current declines on affordability problems, investor flight, psychology and a media scare.

Sidelined Buyers: Lereah tells potential buyer that the 'Buyer's Market Will Soon End.' David , Paid Shill, Lereah is once again using scare tactics to sell houses. Lereah is a disgrace. His books have been discredited. Lereah, will go down in infamy as the housing bubble continues to pop. Lereah is the new Irving Fisher. [Notice the '184,0000' number. It is a mistype. Should have been 184,000. Great job Lereah! (thanks to a reader for noticing Lereah's mistype]

David Lererah mocks the 'Negative Media'.

'Buyers Are Missing Opportunities If They Postpone.' He asks "Can you afford NOT to lock in now?" given today's low interest rates. Does Lereah have no shame?

Lereah's last slide is a quote from Greenspan saying that "Most of the negatives in housing are probably behind us. The fourth quarter should be reasonably good, certainly better than the third quarter."


At 4:42 AM, Blogger David said...


Too much koolaide!

At 6:54 AM, Blogger ThisThingIsGonnaBlow said...

How much is $184,0000?
Did that schmuck not even bother to proof read his own slides?
Oh, the credibilty deficit of DL.

At 10:17 AM, Blogger Rob Dawg said...

When I saw "Road to Recovery" I thought DL was entering a 12 step program for habitual lying.

At 10:48 AM, Blogger David said...



At 8:29 PM, Blogger Biff Boffo said...

There's a good post at Housingdoom about how David Lereah and his buddies at NAR are ready to start flexing their political muscles now that the Democrats will be taking charge of Congress. It appears that DL and his friends have a plan for a bigger, better bubble, and think they have the influence to do it.

At 10:42 PM, Blogger Jip said...

Sounds like someone has their head wwwaaayyy up their @$$

At 5:11 PM, Blogger Jip said...

Solid Song-term Gains?

Is that a new concept the NAR is trying to push?


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