Thursday, February 09, 2006

David Lereah Spoof

Remember Saddam Hussein's spokesman who kept on lying about the Iraq war. There is this really funny spoof over at Marin Real Estate Bubble involving David Lereah [The Chief Economist of the National Association of Realtors]. Check it out. Very funny.


  1. The worst is yet to come. Reason: those who bought @ preconstruction offerings last year (or even before that) will have to take possession this year as the condos are completed, and the "investors" would then turn around and try to sell them. The supply (listings) will then explode with little sign of the greater-fool buyers, and voila.......

  2. the 'other shoe will drop' later this year-when the spring buying season is disappointing. and inventory reaches blood pressure inducing stroke proportions- but the media will still say 'moderating prices.'