May 23, 2006

The NAR Minister of Disinformation David (how does he sleep at night) Lereah


Hat tip to Marin Real Estate Bubble for the pic

Posted by blogger at 5/23/2006

16 comments:

Anonymous said...

i'm not sure if he's committed any crime, but in the end, what a bad human being. I'd like to hear him defend his actions - like Hitler's henchmen did - "I was only following orders" he'll say

May 23, 2006 10:28 PM
Anonymous said...

that is hilarious, i'm printing it and putting it on the fridge in my rented kitchen!

May 23, 2006 10:39 PM
Anonymous said...

The pic of Mohammed Said al-Sahhaf ("The-Americans-are-nowhere-near-Baghdad Bob") is appropriate, haha.

May 23, 2006 10:40 PM
Anonymous said...

I just sat through a presentation from Lereah last week at the realtor mid year legislative meetings. I think he is feeling some pressure, as he said that this years presentation wasn't as fun a previous years.

He point blank said that some markets are going to get hurt this year, yet there are other markets that will do fine. But hey, it's been a great multi year run to the peak last year. So the thing slows or even crashes... you are very smart people I'm sure you all have contingency plans like I do.

Just think of all the great advice you get on this blog... gold... oil... shorting stocks. You all must be rich right now.

We are lucky as a society if David Lereah is the biggest satan out there in the fincial world.

May 24, 2006 12:01 AM
Anonymous said...

I forgot...Keith is judge and jury...David Lereah owes him something too. Bitter liberal.

May 24, 2006 12:07 AM
Anonymous said...

" Just think of all the great advice you get on this blog... gold... oil... shorting stocks. You all must be rich right now "

That's all been very good advice and i for one have made nice money on it. Better advice than an interest only, 50 year arm on a one bedroom condo 50 miles from West Palm Beach that you realtwhores would pitch.

May 24, 2006 2:32 AM
blogger said...

I love getting called a bitter liberal, just as much as I love getting called a whacko conservative

if the left thinks I'm right and the right thinks I'm left... must put me right smack dab...

In the center.

May 24, 2006 8:43 AM
Anonymous said...

clures said..
Better advice than an interest only, 50 year arm on a one bedroom condo 50 miles from West Palm Beach that you realtwhores would pitch.

Sir, it's not my job to pitch any loan product. It's not my job to pitch anything to a buyer. Buyers make the choices. Buyers get asked what price range they can afford, my job is to find the a property to match their criteria.

I used to sell Xerox products. That was quite a pitch. It's a huge difference.

May 24, 2006 3:49 PM
Anonymous said...

From Traveling Copy Machine Sales Man to RE Buyer Broker “Expert”. Keith, Entertained Realtor is a classic example of one of the Stupidest Things Stream.
I am ROTFLOL

May 24, 2006 4:54 PM
Anonymous said...

New home sales data out today. They claim it is UP. WTF?

Are the cancellations factored in to this number/ If a unit was booked in last month's sales number and cancelled this month does a sale get subtracted? IF it then sells next month (might be easier to sell if the builder can lower the price due to a forfieted deposit) than is the sale again booked, which is a double booking.

I smell PPT at work. Bigger picture, they do not want people to panic and increase the rate of descent on this landing. Keep it soft Scottie.

May 24, 2006 4:58 PM
Anonymous said...

entertained realot said...
"Sir, it's not my job to pitch any loan product. It's not my job to pitch anything to a buyer. Buyers make the choices. Buyers get asked what price range they can afford, my job is to find the a property to match their criteria."

The people wanted to take a shower, it's not my job to tell them the shower is poison gas.

I'd suggest you try to get that xerox job back.

May 24, 2006 5:21 PM
Anonymous said...

I don't sell loans. Outside the scope of my job. I facilitate the transaction as hired by a client.

Never once had a client who bought a home as a residence use a 40 or 50 year loan, ARM, or IO.

Clients wanted to buy a home and searched me out, never the other way.

I am not an instructor, I work on behalf of the client and what they want.

I simply stay on top of the lender during the transaction to make sure that the client will be able to fund at closing.

Show me where a realtor is supposed to be anything else??

May 24, 2006 9:45 PM
Anonymous said...

RE: Smells a Rat and My Humble Opinion

My thought on the numbers getting skewed is that all of the pre construction condos that sold in the last two or three years just got the certificates of occupancy (CO) during the last few months. You cannot close on a home until the CO is issued. This would mean if only one new high rise opens its doors, all of the several hundred condos that were sold pre construction in past years (except the cancellations), all of these closing happened at once. These closings went onto this years books, as these condo towers take years to build and some were sold out before the developer broke ground.

I am talking contract sales made back when you could get low enough prices to buy three condos and sell two and have the third one free and clear from the profit on the two flips, before the building was even built.

I think they could not wait to publish these so-called “increases” in closings. If you dissect the data, you will see that single family home sales are way down, thus my reasoning above.

Whadaya think?

May 24, 2006 9:47 PM
degoboy said...

Davis Lereah is the Joseph goebbels(Nazi Minister of Propaganda under Hitler)of Real Estate.

May 25, 2006 4:57 AM
Anonymous said...

entertained realtor said...
“…I am not an instructor, I work on behalf of the client and what they want….”

You sir, work on behalf of your commission.

May 25, 2006 6:29 AM
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October 12, 2006 7:46 AM

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