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DavidLereahWatch almost makes DL's mom cry


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2007 Mar 1, 8:52am   22,881 views  196 comments

by HARM   ➕follow (0)   💰tip   ignore  

artist's depiction of David Lereah's mom

CNN Money/Fortune Interview with David Lereah:
"Mr. Real Estate: 'All systems go, pockets of pain'"

Q: You've been accused by the blog David Lereah Watch of being too bullish. What's it like to have an online antagonist?

A: [DL]"At first I was kind of laughing. And now, it's enough already. This is a 26-year old that could not afford a townhouse and blamed it on the boom. And then he said, Who's talking about the boom and my name kept coming up. So I became Satan to him.

"The worst was that my mother read one of those things, and she almost started crying. And I had to say, Mom, you have to have thick skin. I'm going to be in the public and make statements about real estate, and if someone doesn't like what I'm saying, they have every right to say something opposing me.

"Now should they go so far as to call me Satan? I don't understand where that's coming from. That's just weird."

Now, I don't know about the rest of you, but this makes my blood boil! Comparing America's favorite Champion of the American Dream and recipient of the... uh, Homeownerhip trophy thingy... to the Devil!! And practically making his grey-haired mom almost cry (while she was probably baking some fresh cupcakes for one of Dave's many open houses)! This is simply uncalled for... cruel, disgusting.

I've long suspected that these Bubbleheads are jealous, angry bitter trolls who derive sustenance from the tears of kindly old grandmothers --and now we have the PROOF!

Discuss, enjoy...
HARM

#housing

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82   Peter P   2007 Mar 2, 4:19am  

My question to you then is just why do so many humans find anarchy so damn appealing?

Because they assume what they cannot have is always better.

The grass is always green on the other side on the other side of the fence.
The dish is always more delicious on the other side of the table.

83   DinOR   2007 Mar 2, 4:19am  

What kind of sick fantasy is that?

84   Peter P   2007 Mar 2, 4:22am  

can we have a Charles Bronson thread?

I just watched Raid On Entebbe not long ago. Amazing. That is how we should strike at the heart of terrorism!

85   DinOR   2007 Mar 2, 4:23am  

MBA's?

86   Peter P   2007 Mar 2, 4:48am  

peter, do people in real life tolerate these ridiculous fortune cookie anecdotes to rattle off incessantly?

Should I care?

87   SFWoman   2007 Mar 2, 4:51am  

EBGuy,

The Irish were listed separately from 'white' on South African forms until the 1980s.

Schmend,
With the Patriot Act I'd be extraordinarily careful about making jokes about explosives. I know someone who ended up with a living room full of FBI agents for a joke that was far, far less intimidating than your explosives quip. And remember, when it comes to terrorism, that old friend, habeas corpus isn't around to help you anymore.

88   Peter P   2007 Mar 2, 4:59am  

they already know about me, and they know im kidding.

I hope they know about you. They should know as many people as possible.

Were you really kidding? I do hope so.

89   SFWoman   2007 Mar 2, 5:07am  

Schmend,

Are you on no-fly lists?

90   SFWoman   2007 Mar 2, 5:12am  

PAR,

I think lots of us on the board have advanced degrees, lots of Cal, Ivy and Stanford people. Smart people with no degrees who won't fill in bubbles as well. Overall, it's a smart group.

The markets not happy, I guess that's why we haven't our regular trolls coming on telling us how the BA can never fall because of the market.

91   SFWoman   2007 Mar 2, 5:23am  

Schmend,

Well, I've bested you there. I am on the no fly lists, but strangely for only three airlines. I have been working for a couple of years to clear this up, and may finally have done so with United, I'll find out in April.

I don't think it had anything to do with my SAT or GRE scores, however. I don't even think it had to do with the fact that I researched infectious disease virulence genes (and therefore could be used to produce WMDs). I also have a very, very WASPy name and look ultra WASPY. I think I ended up on it because people are stupid and unimaginative, and we can't gather intelligence properly in this country anymore (hence relying on the biased/politicised intelligence of foreign countries half the time).

I doubt that getting 95 percentile on a standardised test would get you on the FBI radar, because everybody I went to school with had scored at least that high, and a lot of my friends in the city did as well (that's how they ended up at the schools and jobs) and they all aren't on the lists.

92   EBGuy   2007 Mar 2, 5:37am  

Looks like there is a wealth of historic data (20 years back) for the S&P Case Shiller Home Price Indices at:
http://www.homeprice.standardandpoors.com./portal/site/sp/en/us/page.topic/indices_csmahp/2,3,4,0,0,0,0,0,0,3,1,0,0,0,0,0.html
Here are some hightlights from the SF Index (bear in mind this includes Alameda and Contra Costa Counties).
Data from the last bubble:
Peak: 75.15 June 1990
Low: 65.92 March 1996
If you bought at peak last time, nominal prices weren't above water until October 1997 (Index at 75.22). Yikes, seven years (!) of sliding down/sideways in nominal terms.

93   SFWoman   2007 Mar 2, 5:37am  

"and i don’t give a shit about your stupid friends, luckily I didn’t have to deal with any of those assholes until i hit college."

What is your problem? Why are you so angry? I am pointing out that most people I knew received high standardised test scores and are not on FBI watch or no-fly lists. CAT tests? I'm assuming the C is for California, we didn't have those in NY.

Do you have to deal with those people now?

94   SFWoman   2007 Mar 2, 5:41am  

Schmend,

Is the last reply to me? Faking what?

95   SFWoman   2007 Mar 2, 5:42am  

Oh, and everybody guessed that schmend was a NJ resident.

96   Peter P   2007 Mar 2, 5:43am  

I am confused.

Should we have a "Huh 2.0" thread?

97   lunarpark   2007 Mar 2, 5:46am  

Peter P,

Can you recommend a restaurant in Napa that serves pasta? We're going to Napa this weekend for the marathon. My husband needs some carbs.

98   Peter P   2007 Mar 2, 5:49am  

Can you recommend a restaurant in Napa that serves pasta? We’re going to Napa this weekend for the marathon. My husband needs some carbs.

I have not been to Napa many times. SFW probably knows a good restaurant there.

Last time, Bouchon (very close to French Laundry) was pretty good.

99   Peter P   2007 Mar 2, 5:51am  

I don’t like the type of person you are

What type of person do you like? Do they actually exist or are they mythical.

100   SFWoman   2007 Mar 2, 5:53am  

Peter P,

I usually eat in Sonoma County or in Calistoga. There is a really nice restaurant in Calistoga (funny name, I'll have to look it up), but it isn't pasta. I'll ask a friend who does a lot of bike riding in Napa where he carbo loads.

101   Peter P   2007 Mar 2, 5:57am  

I never thought of SFW as arrogant. What makes you think that way?

102   SFWoman   2007 Mar 2, 5:58am  

You were bragging about being known by the FBI, because you received a score in the top 5% on standardized tests.

# Shmend Rick Says:
March 2nd, 2007 at 1:04 pm

I hope they know about you. They should know as many people as possible.

put it this way… someone who scores in the top %95th percentile in every standardized test ever given to him goes in the ‘likely troublemaker’ bin.

103   SFWoman   2007 Mar 2, 6:01am  

Peter P.,

Sometimes I get a bit snotty, but I feel that what is good for the goose is good for the gander. He made a joke about explosives, then bragged about being known by the FBI because of his standardized test scores.

I simply rebutted but claimed it probably wasn't test scores.

Then I was called a moron because I retorted to someone (perhaps him, he's changing his screen name) that CAT tests weren't given in NY.

104   Bruce   2007 Mar 2, 6:01am  

Why do these rude posters not understand projection?

105   Peter P   2007 Mar 2, 6:05am  

Sometimes I get a bit snotty

Really?

106   SFWoman   2007 Mar 2, 6:06am  

I left a message with Napa friend, maybe we'll hear back. Is it Napa proper or Napa County?

107   lunarpark   2007 Mar 2, 6:07am  

Peter P/SFWoman - Thanks.

108   lunarpark   2007 Mar 2, 6:08am  

I think we are staying near downtown Napa.

109   Peter P   2007 Mar 2, 6:09am  

Well I am sure SFW deserves to be snotty. (And I am not saying she is.)

110   SFWoman   2007 Mar 2, 6:11am  

lunarpark,

OK, I have Tra Vigne, but it's in Saint Helena. Let me google around and see if there's one I've heard someone recommend in Napa.

111   SFWoman   2007 Mar 2, 6:15am  

lunarpark,

I pulled this up, but no one has told me to go to any of them in Napa. You could look them up on tripadvisor or a site like that and see if they are getting good reviews. Stick around the city of Napa if you want to be near where your race is.

http://www.napayellowpages.com/napa-dining/restaurants_italian.htm

112   EBGuy   2007 Mar 2, 6:15am  

We interrupt the "Huh 2.0?" thread for more news from the S&P Case/Shiller Home Price Indices.
The ten city Composite Index peaked in Oct. 89 (82.44) and bottomed out in Feb. 1994 (75.63), a much shorter (and earlier) duration than SF. The LA region had it worst (defence industry) as they were at 100 in 1990 and the index did not hit 100 again until Jan. 2000.

113   SFWoman   2007 Mar 2, 6:22am  

EBGuy,

The Schiller index definitely anticipates a decline in our local housing. What do you think is dragging out the plateau period before the real decline starts? Perhaps the index doesn't take into account the psychological drag on an asset like housing? Does the index include in its calculations the possibility of inflating us out of the bubble with a long period of flat prices but during an inflationary period?

This whole bubble is starting to confuse me. I can't but be amazed at the length of time it has managed to stay inflated.

114   lunarpark   2007 Mar 2, 6:24am  

SF Woman - Thanks, you are too kind.

115   Peter P   2007 Mar 2, 6:26am  

This whole bubble is starting to confuse me. I can’t but be amazed at the length of time it has managed to stay inflated.

So long as people do intend to buy when the predicted price correction occurs, the prediction will not come true. When the bubble bursts, you cannot get many people to even comtemplate buying.

So the bubble will stay inflated when there is still traffic on this blog.

116   SFWoman   2007 Mar 2, 6:29am  

lunarpark,

I need to eat out more up there, so I can give first hand advice. In Sonoma County Willi's Wine Bar (Santa Rosa) and Willi's Sea Food (Healdsburg)- yum! I have heard Cyrus (also Healdsburg) is great, but I haven't gone yet. I am going to try to remember the name of the Calistoga restaurant we've been to a couple of times, it was really good too.

117   SFWoman   2007 Mar 2, 6:31am  

Peter P.,

If we stop blogging the bubble will collapse? Well, that's easy.

I found the name of the Calistoga place I like, it is Wappo Bar Bistro.

118   FormerAptBroker   2007 Mar 2, 6:31am  

lunarpark Says:

> Can you recommend a restaurant in Napa that
> serves pasta? We’re going to Napa this weekend
> for the marathon. My husband needs some carbs.

Owned by Donna and Giovanni Scala, Often called the best "local" restaurant in the Napa Valley:

http://www.bistrodongiovanni.com/

119   Stretch002   2007 Mar 2, 6:32am  

WOW EBGuy - those are impressive numbers! Going by that I suppose we can guess this down cycle has between 7-10 years to run? If we assume summer of 2005 as the peak we really are just in the beginning stages of the downturn. I wonder if the fact that information travels much faster now that the internet is prevelant will affect the speed at which this unravels...

120   Peter P   2007 Mar 2, 6:32am  

If we stop blogging the bubble will collapse? Well, that’s easy.

Not that easy... :)

The thread bubble will collapse though.

121   lunarpark   2007 Mar 2, 6:36am  

FAB - Thanks, I like that menu.

I'll check out the other suggestions too. Much appreciated.

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