{"id":763,"date":"2006-12-13T00:09:06","date_gmt":"2006-12-13T07:09:06","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=763"},"modified":"2007-01-24T23:10:36","modified_gmt":"2007-01-25T06:10:36","slug":"making-predictions-cowards-lies","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/763\/making-predictions-cowards-lies\/","title":{"rendered":"Making Predictions, Cowards & Lies"},"content":{"rendered":"

“Mike” writes:<\/p>\n

A lot of the current level of vilification is because of people like David Lereah, ostensibly the public voice of all realtors in the <\/em>US<\/em>, who is now perceived by many as somewhere between a buffoon and a baldfaced liar.<\/em><\/p>\n


\n<\/em>The man simply cannot tell the truth and every monthly and quarterly revision the NAR issues highlights that problem.
\n<\/em><\/p><\/blockquote>\n

You are correct about one thing: David Lereah is often wrong in some of his predictions. I don’t think he is the only economist who makes non-stop predictions (that are published and posted on the internet) who is wrong on some of his pronouncements. In fact, he has a lot of company. To my knowledge almost every economist who makes predictions about the direction of “the market” is often<\/em> wrong – it just goes with the territory. In all of history there is NO person who consistently always accurately predicted the future of any financial market (real estate, bonds, stocks, art, etc).<\/p>\n

This is also true for people who – on a daily basis – predict the weather. They are often wrong. But most people don’t tend to characterize the meteorologist who said, “No rain this weekend” as a baldfaced liar. Most people seem to understand that anybody who makes predictions all the time will not be right all the time. Unlike you (and the other gleeful I-hate-everything-about-NAR-and-all-Realtors), David Lereah actually uses his real name when he makes a prediction – and his past predictions are readily available for anyone to compare with the actual statistics that did occur. Based on the fact that Mr. Lereah uses his own name – just this one point – makes anything he might have to say FAR more credible than anything you (or any of the other nameless and spineless cowards who anonymously snipe) might have to say. I have NO respect for the opinion of someone who is too spineless to even use a real email address.<\/p>\n

How about YOU bother to do some real research yourself before you call someone a liar? How about posting specific statements made by Lereah and the specifics Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“Mike” writes: A lot of the current level of vilification is because of people like David Lereah, ostensibly the public voice of all realtors in the US, who is now perceived by many as somewhere between a buffoon and a baldfaced liar. The man simply cannot tell the truth and every monthly and quarterly revision […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,6,5],"tags":[],"class_list":{"0":"post-763","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-disintermediation","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":802,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/802\/the-harm-that-david-lereah-does\/","url_meta":{"origin":763,"position":0},"title":"The Harm That David Lereah Does","author":"Russell Shaw","date":"December 23, 2006","format":false,"excerpt":"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage, to move in the opposite direction. -- Albert Einstein Mike wrote: If you don't have a sense of humor, you probably don't have any sense at all.\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"dog pissing on snowman","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2006\/12\/dog%20pissing%20on%20snowman.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":829,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/829\/lereah-pushes-it-even-further\/","url_meta":{"origin":763,"position":1},"title":"LEREAH PUSHES IT EVEN FURTHER","author":"Russell Shaw","date":"December 31, 2006","format":false,"excerpt":"NAR Chief Economist, David Lereah totally ignores his detractors by continuing to make predictions about the real estate market. Now he is officially in the dictionary (dictionary.com), listed under the word, \"persuasive\". United States citizens not wanting to purchase a home have been powerless to resist Mr. Lereah's announcements that\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"Lereah persuasive","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2006\/12\/Lereah%20persuasive.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":796,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/796\/lereah-must-die-he-is-a-clown\/","url_meta":{"origin":763,"position":2},"title":"Lereah Must Die! He is a Clown","author":"Russell Shaw","date":"December 21, 2006","format":false,"excerpt":"Talk is cheap. Supply exceeds Demand. Not His Favorite Clown What follows are a few \"Economist Jokes\". Not wanting to shock anyone but all of these were written and were being told when David Lereah was still in grade school. Here is a news flash - people who are finding\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"Lereah","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2006\/12\/Lereah.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":769,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/769\/anonymous-posters-who-hate-lereah\/","url_meta":{"origin":763,"position":3},"title":"Anonymous Posters Who Hate Lereah","author":"Russell Shaw","date":"December 14, 2006","format":false,"excerpt":"\"name\" wrote: Lereah not only lies, he either knows or should have known he is lying, which means that if he is unaware that he is pathologically lying then he belongs in a psychiatric unit. Point made. I'll have him committed. ___ \"David\" wrote: Lereah is a paid shill of\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":815,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/815\/lereah-says-buy-now\/","url_meta":{"origin":763,"position":4},"title":"LEREAH SAYS BUY NOW !!","author":"Russell Shaw","date":"December 29, 2006","format":false,"excerpt":"It is official - David Lereah quoted on CNN - and everyone is doing just what he says!","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"Lereah Says Buy","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2006\/12\/Lereah%20Says%20Buy1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":799,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/799\/merry-christmas-david-lereah\/","url_meta":{"origin":763,"position":5},"title":"Merry Christmas David Lereah","author":"Russell Shaw","date":"December 22, 2006","format":false,"excerpt":"If you don't have a sense of humor, you probably don't have any sense at all. To get things started, here is Lereah as a Dancing Elf. Turn your sound on to get the full effect. Merry Christmas Everyone!","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=763"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/763\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}