MSM - enough is enough. Your use of David Lereah rip-and-read press release quotes with no disclaimer should be banned.
By giving this corrupt hack of the National Association of Realtors free-reign, you are allowing propaganda on the highest scale. He is the Tony Snow of real estate. The Iraqi Information Minister of the Housing Bubble.
Did any of you go to journalism school? Ever here of vetting your sources? Ever hear of challenging statements that are made with facts?
David Lereah is a paid pawn of the NAR. He makes money on the side by selling books on how real estate values will only go up and up. Every word out of this man's mouth is a lie at best, corrupt at worst.
Every time you are tempted to use a David Lereah quote, think - who is the source? What does he have to gain here? Is what he is saying backed up by facts? What is his track history with predictions? Who pays him? How does he make his money? What motivations does he have to lie?
I recommend this disclaimer:
"David Lereah, discredited based on prior predictions that have not proven to be true, paid by the NAR to make claims about real estate that may or many not be based on facts, and the author of "Are You Missing the Real Estate Boom, ......"
September 26, 2006
HousingPanic Message to the Mainstream Media: The Corrupt David Lereah is a Lying Hack - Stop Quoting Him Without a Disclaimer
Posted by blogger at 9/26/2006