David A. Lereah is Senior Vice President and Chief Economist of the NATIONAL ASSOCIATION OF REALTORS. Look out below David!
Update 4-30-07: Dot.David Lereah left NAR
David A. Lereah is Senior Vice President and Chief Economist of the NATIONAL ASSOCIATION OF REALTORS. Look out below David!
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Dont blame him. I dont like the guy, but no one held a gun to anyones head when they were buying a house they couldnt afford. Everything was there in black and white, and many were just too lazy to read/understand what they were getting into. A fool and their money......
I'd love to know what he's since done with all those Florida condos he supposedly owned. I'd bet the farm he was dumping em at the same time he was screaming for everyone else to buy buy buy. Anyone who understands Econ 101 could see we were in an obvious enormous housing bubble, and Lereah knew it too. He was simply LYING for a living and willfully destroying lives with those lies.
David Lereah is the same guy who wrote a book in spring of 2000 on getting rich in the new information economy wherein he encourages people to pour their savings into tech stocks, he of course does this right AS THE TECH BUBBLE IS POPPING. 6 Years later he does the exact same thing with the RE Bubble. Has any economist ever been MORE WRONG on the 2 biggest economic trends of this young century? Has any hurt more people with his dumbshit predictions?
Lereah is the most unethical, sleaziest, lying scumbags in America. He has gotten rich by doing nothing but intentionally spreading disinformation and lies as a shameless shill bought and paid for by the RE Industry. And far too many American families have had their lives destroyed because they were foolishly naive enought to listen to him. He's every bit the snake those Enron dudes sitting in prison were.
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no other description needed.