Lawrence Yun - National Association of Realtors Chief Economist

February 9th, 2009 ( Why is NAR not held accountable for convincing home owners to buy, buy, buy.. why does NAR get to be the White Knight.. rescuing the consumer now .. when the TRUTH is NAR is to Blame...)

National Association of Realtors Chief Economist Lawrence Yun said in Orange County this morning that his bosses at the real estate brokers’ trade group never pressured him to spin forecasts in a positive light, something his predecessor said happened when the housing boom began to falter a few years back.

“Whatever I say, I take full responsibility for everything I do,” Yun said moments before addressing more than 200 people at the Orange County Association of Realtors headquarters in Laguna Hills.

Yun’s predecessor, former NAR Chief Economist David Lereah, gave a different account about his own tenure in published comments recently. Lereah won recognition for a 2005 book titled, “Why the Real Estate Boom Will Not Bust.” Of course, starting in late 2005, that’s exactly what happened.

Last month, however, the Wall Street Journal quoted Lereah as saying he was pressured by executives to issue optimistic forecasts, then was left to shoulder the blame when things went sour. (See this blog’s reaction to Lereah’s comments HERE)

“I was there for seven years doing everything they wanted me to,” WSJ quoted him as saying.
Yun said that while he was working for Lereah, he had no inkling of such pressure, although he didn’t deny that it may have existed. Nor was he subjected to such pressure during the time he worked as a NAR “numbers cruncher” under Lereah, he said.

Full Article Click Below
http://lansner.freedomblogging.com/2009/02/09/nar-chief-economist-said-he-doesnt-publish-happy-news/14116/

r

And Now is Now advising Your Government on How to Get out of the Mess they Got you Into. NAR should be Indicted, just my opinion... for the Serious CRIMES against the Real Estate Consumers. Crimes where by you lose everything and they still make money from it.

r

Lawrence Yun takes full responsibility for everything he does. The Orange County Register reports:
“Whatever I say, I take full responsibility for everything I do,” Yun said moments before addressing more than 200 people at the Orange County Association of Realtors headquarters in Laguna Hills.Are you going to take responsibility and resign? You are a discredited shill for the Realtors and have been made many predictions that were way off. For example in July 2008 Yun stated "I think we are very near to the end of the housing downturn," Yun said

r

FROM this Awesome Blog
http://lawrenceyunwatch.blogspot.com/

r

READ the Above Blog - not Mine
R