David Lereah was the former chief economist of the National Association of Realtors. During the housing bubble he wrote a book filled with all the classic realtor propaganda, "Houses prices only go up!", "They aren't making anymore land" and "Buy now! or be priced out forever."
Lereah has been so discredited, and his predictions have proven to be so wrong during the past years events that his book is literally not even worth the paper it is printed on. (kind of like where the US dollar is headed)
In an act of defiance and disgust, some Amazon users are actually selling the book, Are you Missing the Housing Boom, for a mere 1 cent.
Housing Fear thinks that even 1 cent is to much to pay for misinformation. You can always get that for free.
Sunday, November 4, 2007
Posted by Chris at 4:23 AM