Friday, April 28, 2006

David Lereah's Latest Quotes

David Lereah, chief economist for the National Association of Realtors said some unexpected things recently.

Read:

New Gold Standard (Mish's Global Economic Trend Analysis)
Even 'Methuselah' Loans CanĂ‚’t Save This Housing Bubble (The Housing Bubble Blog)

Good Read.

My favorite Lereah quote is "If you have a healthy local economy it is almost impossible to have a bubble burst!”" Yikes!

3 comments:

  1. Than again, if you had a truely healthy local economy you don't have a bubble in the first place. Right?

    ReplyDelete
  2. Headline at money.cnn.com:

    Big bounceback in economy.
    First-quarter GDP growth at 4.8% is strong, but not too strong. Key gauge shows dip in inflation pressure.

    http://money.cnn.com/2006/04/28/news/economy/gdp.reut/index.htm?cnn=yes

    ReplyDelete
  3. David,

    OT, but see this ad for someone wanting out of Halstead building two due to "unforeseen circumstances"

    http://washingtondc.craigslist.org/rfs/155444250.html

    Maybe unforeseen circumstances is code for "a massive glut of condos and desperate, price-reducing flippers bailing out of building one."

    Enjoy!

    ReplyDelete