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plog (what we ponder)
april 09

When can we call you a liar?

Or cheat, con artist, dissimulator, fabricator, misleader, phony, prevaricator, or trickster?

We try to choose our words carefully and only say what we mean, but how long do we accept falsehoods from someone until we start questioning them? Not only questioning the veracity of what they are saying, but questioning their very character. In other words, when is it safe to call someone a liar?

What we’re talking about is a recent article published in the Star Bulletin on Friday, April 3, 2009. In the article titled, Isle Housing Bottom Seen, the reporter quotes Harvey Shapiro, a research economist for the Honolulu Board of Realtors, who says, “I’m going out on a limb here and say that we may be close to a bottom” in terms of housing prices. He goes on to say that based on his read of the recent data, Hawaii has hit bottom and housing prices are going to start going up. Oh really? Is that a fact?

No. It’s just his opinion. It’s crazy speak. And at worst, it's a lie.

Why do we say that?

Because here we are at the beginning of what is probably the second worst economic crisis in the last 100 years, and Mr. Shapiro is already telling us we’ve hit bottom. You’ve got to be kidding?

What’s even more incredible is that he is totally serious, which leads us to ask one of three questions:

1)      Is he insane?

2)      Is he mentally compromised?

3)      Is he just flat-out lying because he works for realtors?

Let’s take a little closer look.

If you do a quick background check on Mr. Shapiro (you don’t have to look far, he isn’t hiding), you will find he worked as an arbitrator with the Federal Mediation Service in Washington, D.C. and moved to Hawaii in 1986 and ultimately took a position as a research economist with the Honolulu Board of Realtors, a position he holds to this day. Given that and the fact that he regularly contributes to Hawaii newspapers as a blogger and expert consultant (and smokes a pipe), we can only assume he at least talks a good game and would be considered by most to be sane and competent. However, that leaves us pondering the third possibility: he’s lying.

If that is indeed the case, then we find that to be deeply disturbing on a number of levels. 

First, on intellectual grounds, how can he justify stating something that is clearly not true in the face of overwhelming evidence to the contrary?

Second, on moral grounds, how can he justify lying when this crisis has spread worldwide and is causing real suffering for real people?  It’s one thing to lie if it only affects you, but it’s quite another when it starts hurting other people.  The word “antisocial” comes to mind.

And finally, on patriotic grounds, how can he justify lying knowing full well the media is publishing this information, the public is buying on advice like this, and the Federal government might collapse in trying to stop all this madness. The stability of our economy is our national security.

If you must know, the truth, to the best of our knowledge, is simply this:

Hawaii home prices have not hit bottom and are nowhere near bottom. It is the absolute worst time to buy. Harvey Shapiro, at best, is wrong and at worst, is spreading lies.

Hawaii home prices will not hit bottom for a long time, at least for another 2-3 years, if that. In fact, we recently posted a specific example of how drastically prices have fallen and how far they have yet to fall.

As this crisis grows, we all have a duty to call these people out and start confronting them. Like we said, it is one thing to hurt yourself and quite another to hurt innocent others.

Here’s another truth.

Good people have to start standing up and speaking out and can no longer afford complacency while the same people who brought this crisis on go along their merry way at the expense of the entire country and global community.

Harvey Shapiro

Does this look like the face of falsehood?