Wednesday, January 14, 2009

The value of David Lereah's home

Here is the value of David Lereah's home, over the past five years. The green line represents the value of his home. The yellow line represents the value of the median home in his zip code.

Posted by at 8:00 AM
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10 comments:

  1. AnonymousJanuary 14, 2009 9:03 AM

    You obviously have a hard-on for DL.

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  2. AnonymousJanuary 14, 2009 9:14 AM

    You mean, that's the value if you believe Zillow. Hasn't Zillow been underestimating declines, or have they fixed that?

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  3. AnonymousJanuary 14, 2009 9:58 AM

    Yep, zillow is way off for the bubble markets -- it might be like a year behind the curve. I think you can still trust it for markets that never had a bubble though.

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  4. JamesJanuary 14, 2009 4:34 PM

    Anonymous said...
    "You obviously have a hard-on for DL."

    Although I have mentioned David Lereah in passing occasionally, including some references to David Jackson's other blog, yesterday's post was the first one of mine that has actually had Lereah as the topic of the post. However, Lereah and Yun have both helped scam millions of Americans out of their life savings. They deserve no more of a reprieve than Bernard Madoff.

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  5. AnonymousJanuary 14, 2009 6:44 PM

    What? He only suffered about a 16% decline from peak!

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  6. AnonymousJanuary 14, 2009 6:50 PM

    When did he buy the home. If the paid clown purchased it in the last three years, then he really is as stupid as his previous claims. The WSJ article sealed the paid shill's reputation in the field of economics. His consulting company will serve those who do not truly know of his incompetence.

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  7. AnonymousJanuary 14, 2009 6:57 PM

    I think the fact that NAR let him out to dry is indicative of their culture. NAR had no use for him in a market that was heading south. Yun is the new mouthpiece for all of the reasons why someone should purchase a home. No economist worth their salt would take that job. The position is the equivalent of working as a used car salesman selling Hummers.

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  8. JamesJanuary 14, 2009 9:13 PM

    Anonymous said...
    "When did he buy the home."

    According to Zillow, David Lereah bought his home on January 15, 2002 for $570,000. He pays $6,649 per year in taxes for his home. The house has 5 bedrooms, 5.5 bathrooms, 9 rooms total (not including bathrooms obviously), is 3,068 sqft, sits on a 0.66 acre lot, and was built in 1983.

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  9. AnonymousJanuary 15, 2009 11:53 AM

    "They deserve no more of a reprieve than Bernard Madoff."

    Then, by extension, you deserve national recognization and monetary rewards for "saving" people from the Madoffs of the world.

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  10. AnonymousJanuary 19, 2009 10:07 AM

    OMG!

    Blood in the streets! DL paid 570K 7yrs ago and now his house is worth what? $700k - 850K? I sure would be crying. That money would have been so much better deployed in the stock market.

    Got popcorn?

    ReplyDelete

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