The Lawrence Yun Watch - Check out all of the lies from the NAR's chief economist!

[timd354]

Take a look at this website - it tracks the lies told by the NAR's chief economist...it is just truly amazing that an organization that claims to be concerned with ethics would have a chief economist that spews this b.s.

http://lawrenceyunwatch.blogspot.com/

 

[timd354]

I just thought that I would share just one nugget from the site that shows the complete b.s. that this clown is spewing....it is just truly amazing:

Is This Guy for Real?

A Powerpoint Slide from a Recent Real Estate Presentation
by Lawrence Yun in June 08​

Is this guy for real? Calling a few large cities in the US 'Superstar Cities Defy Gravity' when it comes to housing prices in the next five years. Mr. Yun has lost credibility and is obviously a paid spinning shill. The Realtors should fire him as he has lost his credibilty.​

If you are located in any of the Superstar Cities, you had better tie yourself down, as the increase in home prices in these cities over the next 5 years will defy gravity!!!

 

[Restrain]

RE, Dallas. 25% gain over 5 years. That's only 5% per year. However, market has been essentially 2-3% when everyone else was jumping 40% per year. Maybe in the enclaves of Highland Park/University Park. Not in real life.

Had a broker call me wanting to know if I had any buyers interested in a 4000 SF custom home he was auctioning off tonight. New builder home, appraised at $406,000. He figured the low $300's. Local builders are taking it on the chin, very little sales activity. I figure our prices are retreating back to 2001. So, after 5 years, we may be back to 2004 price levels, realistically.

 

[Crunch Hardtack]

From Yun's chart: "99% of markets will have higher values in 5 years than today"

From Mike Shields: "100% of markets will have higher values in the year 2257 than today." (Is this guy sharp or what?)