For a year we've ripped on the corrupt David Lereah, and wondered aloud how this joke keeps his job. Either the NAR is the stupidest trade organization in America, or the corrupt David Lereah has photos of the NAR's president in a compromising position.
Osman, a credit (one of a few) to the realtor profession, today called for the corrupt David Lereah to be fired. Finally.
Let's see if other realtor's join Osman's call. Bravo Osman for maintaining your integrity and credibility. Greg Swann could learn a thing or two from you about business and about life.
Not My Favorite Clown
Despite slow dial-up access, I spent a little time catching up on reading Mish this morning. He's quite bearish on housing and the economy in general, but I find his analysis is usually well researched. I don't always like what he has to say, but Mish is not a clown. David Lereah, on the other hand, says and writes things that strongly suggest a big red nose.
I don't know if you've noticed, but we don't quote the head economist of the NAR. We also do not republish his generic press releases.
Why? Because his 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.
Mish calls it Lies, Deceit, and Greed and he's not the only one critical of David Lereah. There's even a whole blog dedicated to keeping an eye on him.
The vast torrent of bad press Lereah gets on housing blogs and alternate media sources, much of it justified, demands his dismissal.
I'm calling for a Donald Trump style "you're fired." If the National Association of Realtors is to have credibility, it's time to replace its mouthpiece.
December 18, 2006
Posted by blogger at 12/18/2006