“Former real estate bull admits, “I spun”
Working for realtors, David Lereah was famously optimistic. Not anymore.
By Donna Rosato
As chief economist for the National Association of Realtors, David Lereah was famously optimistic. Now a private consultant, he’s abandoned what he calls the “positive spin.”
Q: Were you wrong to be so bullish?
A: I worked for an association promoting housing, and it was my job to represent their interests. If you look at my actual forecasts, the numbers were right inline with most forecasts. The difference was that I put a positive spin on it It was easy to do during boom times, harder when times weren’t good. I never thought the whole national real estate market would burst.”
Its like watching AG back into an apology without having to make it. I’d say its new, in terms of acknowledging he was full of shit. Its not new that he was full of shit.
Its like watching AG back into an apology without having to make it. I’d say its new, in terms of acknowledging he was full of shit. Its not new that he was full of shit.
Its like watching AG back into an apology without having to make it. I’d say its new, in terms of acknowledging he was full of shit. Its not new that he was full of shit.
Its like watching AG back into an apology without having to make it. I’d say its new, in terms of acknowledging he was full of shit. Its not new that he was full of shit.
Its like watching AG back into an apology without having to make it. I’d say its new, in terms of acknowledging he was full of shit. Its not new that he was full of shit.
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