May 9th, 2008
You may remember David Lereah as one of the biggest [insert epithet] in corporate America. He used to be the “chief economist” for the National Association of Realtors and his pronouncements suggested that he was either the dumbest or more dishonest economist on the planet. Which is saying something.
Lereah isn’t at NAR anymore, but he’s still making news. Here he is claiming that the housing market has far from bottomed out. And in the next breath, “So even if this slump remains far from over, David Lereah still thinks it may be a smart time to buy.”
Of course he does. There’s a special place in hell for this git.
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