Why the real estate market will not go bust and DOW 30000 by 2008

David Lereah is the President of Reecon Advisors, Inc., a real estate advisory firm located in Washington, D.C. He was previously an Executive Vice President at Move, Inc. and before that, Chief Economist for the National Association of Realtors (NAR). Lereah served as the NAR's spokesman on economic forecasts, interest rates, home sales, mortgage rates, as well as other policy issues and trends affecting the United States real estate industry. Lereah's penchant for putting out positive spin on dismal housing numbers led critics to dub him the Baghdad Bob of real estate.[1]

On April 30, 2007, the NAR announced that in mid May Lereah would be leaving his job as chief economist to join Move, Inc. as an Executive Vice President.[2][3] He was succeeded by Lawrence Yun.[1] Lereah left Move in 2008 to join Reecon Advisors, Inc.[4]

He received his B.A. in Economics & Marketing from American University, Washington, D.C. and his Ph.D. in Economics from the University of Virginia. He lives in Fairfax Station, Virginia.

Lereah's book The Rules for Growing Rich: Making Money in the New Information Economy[5] touting investment in technology company equities was published in June 2000 at the onset of the collapse of the dot-com bubble.

Lereah has produced three titles on real estate investing. His 2005 book Are You Missing the Real Estate Boom?: Why Home Values and Other Real Estate Investments Will Climb Through The End of The Decade—And How to Profit From Them[6] was rereleased in February 2006 as Why the Real Estate Boom Will Not Bust—And How You Can Profit from It.[7] Before departing the NAR, Lereah wrote All Real Estate Is Local: What You Need to Know to Profit in Real Estate — in a Buyer's and a Seller's Market in 2007.[
 
Quote from Port1385:

The scary part of this thread was that these books were not written by a bunch of yahoos, but are authors with a lot of education and experience. Even the experts cant seem to make good predictions at times.
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Correct predictions do not sell books. People only buy what they want to read about. Nobody wanted to read about how real estate was going to collapse back in 2005 when real estate was going crazy high. You gotta know your market, you cant sell people stuff they dont wanna buy. Like today...I went to walmart and there was a guy outside selling Obama t-shirts and he was selling a lot of them. When i walked in to walmart he was selling one, and when i walked out he was selling one. If that guy was out selling mccain t-shirts (or even Bush t-shirts) he would not sell one. People are on the Obama band wagon right now.

If you wanted to write a book that sells back in july, all you would have to do is write about how gas prices are going to 10 dollars and food is going to be too expensive for most of us and what you should do about storing food up now before its too late. Wouldnt matter if you believed it or not, its something that people will buy. If you wrote a book back in july about how gas prices were going to 1.75 per gallon, corn, rice and other commodities were going to drop 60% by winter, nobody would've bought that because nobody thought it was going to happen.

It wouldnt surprise me if these "economists" when writing books write two of them. One book that says "the dow is going to 30,000 by 2008" and another that says "The dow is going to 5000 by 2008" Then when its ready, they publish the one thats most likely to sell.
 
In 1997, Mr. Zuccaro founded Grand Prix Fund--oriented toward aggressive growth stocks. The new fund achieved distinction as one of only seven mutual funds in history to achieve back-to-back years of triple-digit returns. Grand Prix Fund returned 112% in 1998 and 148% in 1999
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Fk him, making all that money, who needs a tax problem, got enough to worry about.
 
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