David Lereah the chief economist of the National Association of Realtors is about to publish a new book that will be released February 21, 2006. The title of David Lereah's new book is Why the Real Estate Boom Will Not Bust.
His previous book was 'Are You Missing the Housing Boom,' which featured these words on the cover "Why home values and other real estate investments will climb through the end of the decade - and how to profit from them."
Catherine a poster on the Housing Bubble Blog wrote this:
I WISH TO HELL these economists and spokespeople for the NAR would add the disclaimer (which is their mission statement):
The core purpose of the NATIONAL ASSOCIATION OF REALTORSÃ® is to help its members become more profitable and successful.
To media report…the representatives of the NAR are NOT unbiased and measured observers of housing econonics! They DO NOT have any inclination to enlighten or educate the general public beyond their stated purpose of furthering the profiteering of their dues paying members!
They are foxes in the henhouse! Blech!
Amen sister! It is despicable how the media generally treats proffesional liars like David Lereah, who have a vested interest in the housing bubble, as if they are unbiased experts on the subject. David Lereah is not paid the big bucks to enlighten the public, but rather to make Realtors more "profitable and successful".
I have not read David Lereah's new book. However, I am sure he spends much time reassuring would be real estate 'investors' that real estate is a good investment. Don't trust Lereah, listen to unbiased economic experts who are not paid shills.
Update: There has been some questions asked whether this is just a revised book or truly a new book. The image on the cover is the same. The title is different. Here are some more links.
Random House Author Spotlight: David Lereah
Random House: Why the Real Estate Boom Will Not Bust