San Diego Housing Bubble News and Analysis

This winter was the mildest on record in a looong time ... and that meant people were outside having fun instead of buying a house ... see ...
Then in march we will set the clock ahead ... on the 11th to be precise ... that un precented event will create havoc with the internal time clocks of people who will not know that its time to buy a house and cause them to shutdown ... like Y2K where planes were going to fall out of the sky ... and that willl crash housing ... if at all ...
Cool.
Cow_tipping.

LOL

What about David Lereah's mommy? I didn't fully get this. Would someone care to summarize or post a link?

Evidently she read Davidlereahwatch.com and suspected it was true and cried because she had spawned such a snake.
Then he called her and told her it was because that site owner couldn't afford a condo and offered to sell him one of his ...
Of course it was all going well until The liar-eah offered to sell her one of his condos for 3 mill ...
Mom's are pretty smart ... so the game was up.
Anyway Its out there on Housingpanic and several other sites now.
BTW have you heard ... the Daylight savings time change is going to crash the real estate market.
Its never been changed on march 11th and its going to crash the market.
Cool.
Cow_tipping.

Saw a segment on CNBC today, and it checked Jan weather for the south (down 10% or so) and northeast (up 9% or so); and indeed, in Jan there was more rain in the south; and it's been unseasonably warm in Jan in the northeast.

But then we all know what happened in Feb -- freezing all over the country. On the margin, weather probably plays a small role, especially when it gets extreme.

Why are you all so harsh on David Lereah? He's gets paid to promote a view favorable to the NAR. He probably gets paid a lot more than me. If I could get his job I'd take it in a second and whore myself out to the NAR.

He's the Chief Economist, not the Chief Marketing Officer.

I think Liareah missed the memo, the one that said "economics is the dismal science."

I agree with PerryChase.... Liareah's relentless cheerleading is more in line with a CMO or PR flak than a true economist. That said, I don't know a single person who pays attention to his views other than to make fun of them.

Lereah is just a talking head. His words are inserted in the back of his head by the RE tough guys that are on his back. David Lereah is the equal to Mary Meeker, the tech analyst for Morgan Stanley that so famously pushed the tech co's that had no earnings/fundamentals in '99.

By the way, what happened to our buddy Alan Gin? I haven't heard anything from him in a while.

Why do realtors are so concerned about rising prices ? Rising house prices increases their commissions. Essentially they are middlemen. Shouldn't they be representing both sellers and buyers ?

I wish technology puts these folks out of business for good.

Fun site on David Lereah. BTW, what's the origin of Lereah? Sounds like a Lebanese or Middle Eastern name of some kind (no offense intended, just curious).

http://davidlereahwatch.blogspot.com/

Rising prices do put more $$ in their pocket at each closing. But if they dont tell the sheeple that houses always appreciate, no one will buy the damn things ... look around ... its not like there is a shortage of them, and once built, they are forever sorta ... So everyone will rent or want to rent, and they cat make a killing.
Anyway, soon they are going to realize that if the down turn is short and sharp, they can go back to making the meagre commission they were making and they will throw their weight behind the crash instead of saying there is no crash. I hope that that's what they'd do.
Cool.
cow_tipping.