December 27, 2007

Hanging the discredited paid shills of the corrupt National Association of realtors with their own words

"Price growth during the boom was clearly unsustainable. This is the payback"

- Lawrence Yun, discredited NAR Chief Economist, December 2007

"There is no national price bubble. Never has been; never will be"

- David Lereah, discredited NAR Chief Economist, September 2004


(And any reporter who quotes these professional liars without mocking them should also be seen as discredited, corrupt or incompetent)

21 comments:

Eat-ur-putin said...

Just some of the lies...
.
.

All housing is local....

Bubble are for bathtubs...

Things are different this time...

There really is a Santa Clause...

Housing always goes up....

I will love you forever...
(How that get in there?)

Veronica Lodge said...

RE: NAR BULSH!T:

There is no real estate bubble.

Real estate prices can only go up and up -- forever.

Why save money when you can retire on your house?

If you don't buy now, you will be priced out of the market forever.

Your home equity is free money. Refinance now and take advantage it.

Yes, your negative amortization loan will adjust in two years, but just before the adjustment, you can refinance, take out cash and lower your payment.

Use the equity in your house as leverage into another investment property. And another and another.

If you can't sell your house or condo, you can always rent it out.

Suzanne researched this: "This listing is special, John. You guys can do this!"

V.L.

Anonymous said...

Add everything Greg Swann has ever said

http://realestaterecord.blogspot.com/2007/09/greg-swann.html

borkafatty said...

I think this should be read by all...cause we are headed for some real pain for sure...

http://news.goldseek.com/GoldenJackass/1198779132.php

borkafatty said...

Wait wait this one is my favorite...

Why can i not have a 30 year fixed?


---

Well I see you have been late on your mortgage a few times..tell you what..we have a program its a 2 year credit repair loan...what happens is if you show 2 years worth of payments never late we will refi you to a 30 year fixed loan No Closing Costs ...sound good great...sign here...muhahahahahahahahahah
hahahahahahhaha! ....Amazing in reality....we really have been had..when you put it all into perspective.

Anonymous said...

Lereah was right. There is no national housing bubble. It was just 95% of the country. North Dakota is still affordable.

Anonymous said...

North Dakota is 5% of the country?!?

Paul E. Math said...

I like the direction you're taking with this one: get on the case of the lazy MSM.

By now, the corruption and incompetence of the NAR economists/public relations people is well established. We know the NAR isn't going to change, they have no incentive to change while they are still quoted verbatim by MSM journalists.

We have humiliated Lereah and Yun enough and it will do very little good.

We need to humiliate MSM journalists so that they actually feel ashamed of quoting the known falsehoods of the NAR.

As I've said before, the NAR is just doing what it does - we don't really expect the truth from used car salesment either. But a free and independent press is a cornerstone of our whole system. If the press is direlect in their duties then the whole system is in peril - that's how we get mass manias like the one we're in right now.

Anonymous said...

The Indians just called...they want North Dakota back

Anonymous said...

ND is probably around 5% of the surface area of the USA

Anonymous said...

BUT MOST PEOPLE YOU COULD NOT PAY TO LIVE IN NORTH DAKOTA.....TOO MUCH "CHEAP" SEX IN lAS VEGAS...................

Anonymous said...

I went on Zillow today and for homes shown as "For Sale" in California, I used the sites's Q&A link to ask individual homeowners if they would consider half of their asking price. It's tremendously fun and I recommend this to all HP'ers.

Kendra Todd's well used G-string said...

Anyone heard anything from Kendra "bubbles are for bathtubs" Todd lately?
I bet she's back to whoring herself around Palm Beach looking for the next sugga daddy/sucker to buy a house from her.

LauraVella said...

Sames as the beginning of the Great Depression.

Economists said the economy was at a "permanent plateau" and that prosperity was also permanent...

Havent they learned that nothing is permanent?

Chilling, just scary I tell ya.

LauraVella said...

All of it soooo true VL!

Everyone should have known better.

the other trader said...

Well,
Here is some foreign reporting saying our next President will be Ronny baby.
Thought this blog would like this article.

http://tinyurl.com/26qdzs

Not much else to look forward to though;
according to them.

Coke adds life said...

Renting is just throwing your money away!

Anyone remember TV Nation? North Dakota is the least visited state.

Coke Out

Anonymous said...

They didn't realize that the market was headed over the edge of that very high plateau just like Wiley E Coyote.

Andrew from Russia said...

You forgot the battle call that starts the scramble: "Real estate in this region is grossly underpriced".

Frank@Scottsdale-Sucks.com said...

What makes me laugh is the title of "economist."

HA?

Marketing talking-heads posing as economists. That's laughable. It's akin to someone with a phony mail-order degree calling himself "doctor."

Anonymous said...

These people want it both ways. They justify their 6% commission by claiming to be experts in the local market, looking out for their clients best interest. But when someone pays too much for a house they couldn't afford in the first place, they throw up their hands and claim its not their fault. Its the bank's fault for approving the loan, or the client's fault cuz they really wanted the home. Make up your minds. You're either glorified lockbox openers who deserve to be paid $8 an hour (at most) for your time, or your a real estate professional. If its the latter, the next time a couple making 30 grand a year comes to you and wants to buy, act in their best interest and tell them they can't afford it, then send them on their way.