George Chamberlin and San Diego Real Estate

[mixxalot]

There is a very pro-broker and pro-real estate guy on talk radio George Chamberlin. He keeps beating the drums that real estate never will go down in San Diego. Have any of you heard of this guy? He has a weekend talk show on KOGO AM every Saturday called “Money in the Morning”. Is he correct in his views that real estate never goes down? Here is more on this guy:

http://www.seniorworld.com/authors/p19970923092511.html

[mixxalot]

Rich,

This George Chamberlin guy is arrogant cocky and rude on the radio when he brags about how great real estate is and always will be for investing. He does admit that it went down in 1992 but then says that now there will not be a downturn because he goes on to say that back in 1992 there were only a few major players for jobs in town and now in 2006 there are more jobs and companies than the few defense companies that layed out many in 1992.

I would actually like to meet this arrogant swaggert and prove him wrong. Lets hope the market crashes soon so I can call this jerk up and call him as a phony.

It is one thing to say great things on an investment if one is correct and quite another matter to be an arrogant pompous jerk and be wrong. I guess only time will tell who is right and wrong on real estate market.

[Bugs]

Some of these real estate boosters make claims that would be totally illegal if made for other types of investments. A securities trader could never get away with making some of the wild claims that these guys have been getting away with.

[Anonymous]

This past weekend George Chamberlin ragged on the UT for an article headlined “Housing Continues to Cool”. He presented the same old tired logic, positive YOY price increases not much more.
Not for a second did he mention the huge inventory numbers, builder concessions or over-extended home owners/debtors.

According to him and his sponsor from Aramco mortgage, everone in San Diego should have an Interest Only mortgage.

[Carlsbadliving]

I have a hard time listening to George whenever he appears on the local NBC morning show. I think that once the bubble pops he’s going to conveniently disappear, because he’ll have an awfully hard time explaining how this could have happened.

[mixxalot]

Yeah to me, this Chamberlin guy is the typical so cal realtor blowhard. It will be hilarious to see what happens when things crash and people get wise and turn this fool into a laughingstock. I for one would like to make him into a spectacle for suckering people into bad mortgages. Hopefully he will vanish forever once people realize how much of an idiot he is.

How did he get so much credibility and scam KOGO into that high paying job of pumping real estate on the air?

[powayseller]

I can’t stand to watch him, mainly bec. his yellow skin makes him look so sickly. I also wonder why they don’t replace him with someone better looking, and send him off to the writing division. I don’t mean to be rude, but the guy is worse looking than Donald Dump.

[North County Jim]

Who is Donald Dump? He sounds like a cartoon slumlord.

[powayseller]

That’s my pet name for Donald Trump.

[docteur]

Good one!

[zk]

So, 5 years ago when this thread was first posted, George Chamberlin was persistently cheer leading for San Diego housing. He was quite certain he was right, but clearly he wasn’t. His logic and reasoning were biased and faulty and naturally things didn’t turn out the way he thought they would. I hadn’t really paid any attention to him in the last 5 years; I figured he ran away and hid. I mean, if he’d been reasonable but wrong, that’d be fine. But he was a real jackass and mocked those who disagreed with him. How embarrassing for him, right? Apparently not. The other day I get an email from my credit union talking about how we’re invited to a George Chamberlin seminar. So I google him and he’s all over the place. People still listen to him.

WTF?

[moneymaker]

Didn’t he himself get foreclosed on? Or was it bankruptcy? I don’t really recall. Should one take financial advice from someone with financial problems? I know I wouldn’t. Then again that would rule out quite a few people wouldn’t it, like Donald Trump etc.

[EconProf]

That this commentator and local “financial commentator” is still around is a reminder that we need to hold purported experts to their record. Piggington does that, but it is a small slice of the population. Journalists especially need to dig deeper into those they interview and quote so the public would get a fairer picture.

[sdrealtor]

He was never a legitimate financial advisor. He was a tv and radio personality. Hiring him to manage your money would be like voting Rush Limbaugh as a legitimate political candidate for president.

[Author]

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