Richard Gaylord sounds like a real estate get rich quick infomercial.

The sad part is, few if any that listen to the NAR’s advice are getting rich. While Gaylord touts boldfaced lies scripted to lure ill-informed purchasers into borrowing beyond their means research from within his “organization” (which has been wrong without recourse for two years running), many people are getting kicked out of their formerly extraordinarily over-valued homes and/or filing for bankruptcy.

I’ll state once again for the record:

THE NAR DOES NOT CARE IF YOU BUILD WEALTH FROM OWNING REAL ESTATE. ALL THEY CARE ABOUT ARE TRANSACTIONS, NOT SMART, STABLE HOMEOWNERSHIP.

Sadly, I have a few friends who are real estate agents, and while they won’t go on record they know the NAR is not doing them any favors. The NAR’s asinine irrational exuberance appeals to existing homeowners, particularly those who are upside down on their mortgages. Those folks hold out hope based on the NAR’s propaganda research while the market stays frozen for lack of price flexibility.

Simply pathetic.