“name” wrote:
Lereah not only lies, he either knows or should have known he is lying, which means that if he is unaware that he is pathologically lying then he belongs in a psychiatric unit.
Point made. I’ll have him committed.
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“David” wrote:
Lereah is a paid shill of the NAR, not a true economist. He’s never made a “prediction” in his life that would be detrimental to the realtors’ commissions he’s paid to inflate, or his own book sales
Surprisingly, after reading what you wrote, I now also hate Lereah. If an official Hate Lereah Organization (HLO) is ever formed, I sure hope you and I can at least be board members. It is totally understandable to hate all shills and any economist that isn’t “true”, especially if they work for NAR. Thank you for helping me to clear this up.
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“Mike” wrote:
Please write if you ever get real work.Excuse me?
My opinion of you just plummeted, Mr. Shaw.
Aw crap! And just when your opinion of me was starting to matter too!
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Russell, perhaps you don’t remember the dot-com bubble of the late-90’s. Lereah is no different than the biased analysts that were promoting lame stocks by making rediculous assumptions. …. Here’s my prediction… In 2007 over $1 trillion of ARMs reset and many people will be under water. Foreclosures will continue to increase, and this market will probably bottom sometime in 2008 or 2009. I expect to see significant price decreases of around 20% to 30% in the bubble cities like Phoenix, but more modest decreases in other cities. We will likely be in or near a recession in the second half of 2007.And your prediction Mr. Shaw? Or are you just another blowhard shill without a clue?
I have already conceded the point that Lereah is just no damned good. Period. He is a bastard. But if I am also a shill – what is it that I am shilling? What is it that I seem to be “promoting”? I am leaving the blowhard and having a clue parts alone – as I can’t defend against those.
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“sdcellar” wrote:
…. I am not saying any of this makes it right for people to abuse anonymity by spewing irrational and often baseless rants about others, but rather that posts should be based on the merit of their content and not on the willingness of the poster to share his identity. ….
I totally agree. There wasn’t anything you wrote I would take issue with. My original point was I had no respect for people who make anonymous attacks.
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“Alan” wrote:
(referring to Greg Swann) ..Too bad Russ Shaw has made the crucial error of linking himself and his long standing practice with such a person. I guess Russ didn’t know what he was getting himself into, kinda like Rick Chance and the prostitute.
I sure hope that Greg doesn’t lead me on into thinking he and I could wind up doing the “Dirty Sanchez” together only I wind up dead in some motel. If THAT is what you have in mind, Swann – FORGET IT!
John says:
Looks to me like Mr. Lereah is really credible:
http://davidlereahwatch.blogspot.com/
NOT!
I don’t know which smells worse, the sewage plant on the south side of town or what comes out of Lereah’s mouth.
December 15, 2006 — 1:41 am
John says:
Mr. Lereah looks really like a really credible guy to me:
http://davidlereahwatch.blogspot.com/
NOT!
I don’t know which smells worse, the sewage plant on the south side of town or the crap that comes out of Lereah’s mouth?
December 15, 2006 — 1:43 am
mike says:
Interesting.
You devoted an entire post on the main page to attacking others. Exposing that side of your personality can’t be good for business. Or this blog’s image.
December 15, 2006 — 8:18 am
Kaiser Sose says:
Russ,
You never responded with your prediction for 2007 and 2008. C’mon buddy! Participate with your fellow bloggers. Why do you always insist on stirring the pot and continuing the name calling without EVER discussing the topic or answering a question?
December 15, 2006 — 2:09 pm
Anonymous says:
Boulder Realtor(tm) stands up calls David Lereah a clown: http://tinyurl.com/yepu5p
“[Lereah’s] widely quoted sound bites sound like they’re written by a PR firm. They’re filled with contradictions and are sloppy and vague. His statements are not an accurate reflection of market conditions and his predictions have little value.”
Why can’t more realtors be this honest?
December 18, 2006 — 10:25 am
John says:
NAR tries to distort reality by altering Lereah’s profile in Wikipedia:
NAR Deleting Criticism of David Lereah on Wikipedia
December 18, 2006 — 11:07 pm
mike says:
Good find, John.
I guess desperate times call for desperate measures. When you can’t buy silence with NAR advertising $, restort to hacking Wiki.
I thought REALTORS(tm) had a code of ethics?
December 19, 2006 — 11:44 am