October 26, 2006

With realtors saying we've bottomed out and the worst is over, it's time to replay this video of stupid quotes

12 comments:

Anonymous said...

I don't think anyone understands how awful things are about to get

Anonymous said...

The parallels between what is getting ready to happen now and what happened in 1929 are scary.

Its gonna be a wild ride, people.

Anonymous said...

every day they get more and more discredited

Anonymous said...

This blog is hitting its stride right now

Keep up the good work

Chris G said...

Wow, that Irving Fisher really dug himself a hole back then, didn't he? I was hoping to see a current quote from that jackass from Harvard, that Nicolas Retsinas guy or whatever his name is, and put his quotes right after the 1929 quotes from the Harvard Economic Society.

I don't know whether to call David Lereah the "Irving Fisher of 2006", or to call Irving Fisher the "David Lereah of 1929".

Anonymous said...

proves that history does repeat itself...

Anonymous said...

Anonymous said...
I don't think anyone understands how awful things are about to get

Are you talking about how Americans are now losing their civil liberties and will soon be living in a police state?

trailer trash said...

Speaking of stupid quotes, nobody can top David Lereah, Chief Economist of the National Ass. of Realtors. However, I have just run across something which comes as a complete shock to me.

Is everyone here aware that David Lereah somehow obtained a Ph.D. in Economics and is repeatedly referred to on the Realtor.org site as DOCTOR LEREAH?!?

This fact makes Dr. Lereah's asinine comments and observations seem even more ridiculous than ever.

BubbleShanker said...

Has David sold his crap box yet? It's been on the market for way over a year.

Anonymous said...

Keith, you have to check this guy out. Big real estate pumper con artist. Can't believe this guy is for real pumping real estate in Phoenix as we speak.

http://www.geraldromine.com/

trailer trash said...

I don't know if the NAR's chief economist, Dr. David Lereah, has any current real estate problems. I do know that he is a professional liar who constantly pontificates that real estate prices never go down, the market will not crash, there will be a soft landing and lots of other bullshit. If he believes his own lies, he will most certainly have real estate problems.

However, the president of the National Ass. of Realtors, Thomas M. Stevens, was recently reported to be in a PROPERTY PICKLE:

*** *** ***
A Humbling Lesson for Realtors' President

By Sandra Fleishman
Washington Post Staff Writer
Saturday, September 9, 2006; Page F01

He, of all people, should have known better.

The president of the National Association of Realtors, Thomas M. Stevens of Vienna, admits he didn't follow his agents' advice when the real estate market started to cool. That, he says, is why his old house in Great Falls has now been on the market for a year at the price of $1.45 million.

"What I should have done," confessed the senior vice president of NRT Inc., parent of Coldwell Banker Residential Brokerage, "was listened to my agent and cut the price by $50,000 to $100,000 early on, and the property would have sold last October."

Or, even better, he said, "I should have listed it a month earlier," when the market was only just beginning to lose air.

Now Stevens, like so many other home sellers in the Washington area and around the nation, is waiting for a buyer in a market that has totally reversed course since a year ago. With two or three times the number of
properties listed this year as last in some neighborhoods, agents are urging sellers to lower their expectations, put on their best face and offer incentives such as closing cost help.

Anonymous said...

Geezus H Christ on a swizzle stick!

At least the f@cking Enron and dot-com insiders were smart enough to SELL AT THE TOP.

Here's one to you, Bobby Tolley!

At least you KNEW when you were lying and got your money. Please pay your damn taxes, mkay? We've got lots of limbs to amputate.