Most people will never be a Lawrence Yun. Most people should rejoice.

[Le Jacquelope]

You know, I've watched many people on Literotica destroy themselves in debates and I've ridiculed many who have put forth a multitude of failed ideas... but it takes a special kind of epic fail to not only have bad arguments and a poor eye for and command of the facts, but to ultimately lead significant numbers of players in the real life economic marketplace over a cliff.

Yes, you guys, including those whom I've had many fairly fruitless debates with, have one saving grace - you probably have not taken your stupid ideas out on the road and led others to ruin right along with you.

That cannot be said for Lawrence Yun of the National Association of Realtors.

He is the real estate market's Perpetually Purblind Polyanna Predictor, Purveyor of Poppycock and Pied Piper of Perdition, the guy who always sees the real estate market through rose tinted glasses and almost never projects anything but the best case scenarios.

If you're not familiar with him, here's a website FULL of documentation about his reign of error:
http://lawrenceyunwatch.blogspot.com/

I could go on forever about all the predictions he's made about the market that turned out to be wrong. Perhaps the most fun I've ever had in debating people is watching housing speculators realtors (yes, I refuse to call them Realtors), who've been far harsher toward me than anyone on Lit (short of hurling threats or racial slurs), fall into ruin because they followed the advice of Lawrence Yun or people like him; namely, by hanging in this market at all costs, even as homes were simply not selling.

Yeah, the market is doing okay for some speculators and a few top of the line realtors - there were, after all, survivors from Hiroshima and Nagasaki - but wow. Home sales down 13%. (To be fair, at least December was good.) But hey, California realtors who listened to Lawrence Yun's claptrap, take heart. At least this isn't happening to you. As for most of those speculators... do I really need to go there about how bad times got for speculative home buyers? Heheh. Schadenfreude is sometimes a virtue, if it serves as a warning for the future-wicked not to follow the Pied Piper.

I love this chart. I really do.
http://bp0.blogger.com/_SfxDExxUukY/R-he5fB56aI/AAAAAAAAASk/JiIYUiK914o/s1600-h/nar_rid6.JPG

So, yeah, I'd say be happy you're not Lawrence Yun. It's gonna be a rough day when his NAR reign of error ends and his bullshit finally catches up with him.

 

[JackLuis]

La Jacq:
I read a little about him and came to the conclusion that he was just another pitch man. Who ever listened to him got sold soap for Shinola, in otherwords a paid bullshit artist.

Kinda like Rush L. but not near as dangerous.

 

[Le Jacquelope]

La Jacq:
I read a little about him and came to the conclusion that he was just another pitch man. Who ever listened to him got sold soap for Shinola, in otherwords a paid bullshit artist.

Kinda like Rush L. but not near as dangerous.

Well, he is the senior VP of the National Association of Realtors. He's their chief economist. This guy's propaganda gets echoed a lot by his rank and file as far as I've seen. He's led people seriously astray, and ruined livelihoods. I bring up speculators because a lot of them used his statistics to justify staying in the business long enough to get seriously mired when things went south.

How could USA Today name this fool as a "top economic forecaster"?

He's not just a bullshit artist, he is the bullshit.


And the scary part is there were many wanna-be authority figures who led America astray in that they said this crisis was not actually coming. And people listened to them over the evil naysayers. I just had my best laugh at the Yun fans who, as you said so well, got sold soap for Shinola.

 

[JackLuis]

I was in Sales and Marketing for years and I've heard as much bullshit as anyone can. My Dad said it was a concequence of scarce resources. I have a built in BS meter and it hit max when I read what he said.

There have been a lot of BS slingers around all over. You were right to point out he was an "expert". The papers didn't say what he was "expert" at. They just took the quote to fill the pages. It is also the fault of the media that they push bullshit as information.

Let the Hearer Beware.

Nobody tells the truth.
Everybody has an angle.
The world ain't Flat.
and "Son you are on your own in this world. Avoid pissing off the Government. Keep your head down and enjoy your time on earth.

 

[Le Jacquelope]

I was in Sales and Marketing for years and I've heard as much bullshit as anyone can. My Dad said it was a concequence of scarce resources. I have a built in BS meter and it hit max when I read what he said.

There have been a lot of BS slingers around all over. You were right to point out he was an "expert". The papers didn't say what he was "expert" at. They just took the quote to fill the pages. It is also the fault of the media that they push bullshit as information.

Let the Hearer Beware.

Nobody tells the truth.
Everybody has an angle.
The world ain't Flat.
and "Son you are on your own in this world. Avoid pissing off the Government. Keep your head down and enjoy your time on earth.

All that, and one more thing:

What goes up, will come back down.