Friday, September 28, 2007




Video: Cramer says, "Do NOT buy now!"

A few months ago, CNBC's Jim Cramer downplayed the housing slump. Now, he's angering Realtors® by providing good advice.

CLICK HERE TO WATCH THE VIDEO





5 comments:

Anonymous said...

Now this is funny. Cramer was the Realtor's best friend when he was on the housing bandwagon. He went on endlessly how there was no bubble. Now, he's done a 180 after his following breakdown a month ago.

September 28, 2007 at 11:40 AM
Anonymous said...

Cramer sold his RE investments.

September 28, 2007 at 12:05 PM
Anonymous said...

You're probably right.

The SEC prohibitted Cramer from being invested in the stock market because of his position with CNBC.

Without stocks as an option, I imagine that he was heavily invested in real estate.

September 28, 2007 at 2:45 PM
Anonymous said...

How come you never put my Fu*ked Buyers in?

2479 SAN PIETRO CIR
Palm Beach Gardens
Purchased May 2006 $455,000
http://www.pbcgov.com/papa/aspx/web/detail_info.aspx?p_entity=52434205310026080&geonav=Y&styp=general&owner=&city=-1&zip=&method=address&cidx=-1&sdiv=&sdivnam=&stno=2479&pdir=&st=San%20Pietro&strnm=&sufx=&ptdir=&cty=&rng=&twp=&sct=&blk=&lot=&book=&page=&tangid=&condo=&condoname=&use=&usnam=&sloc=&prd=&pedir=&podir=&famt=&tamt=&fsqft=&tsqft=&srt1=&srt2=&srt3=&stpage=0&adlfilter=

Mortgage $455,000 2/28 ARM Initial Rate Rate 10.4% (can you say Sub-Prime)

http://oris.co.palm-beach.fl.us/or_web1/details.asp?doc_id=15757037&file_num=20060318877

Currently on the market for $349,000
http://palmbeach.expertrealty.com/palm-beach-gardens/condo-details/r2823488-harbour-oaks-2479-san-pietro

Loss at least $106,000 before selling expenses.

Michael

September 28, 2007 at 3:10 PM
Anonymous said...

Good find Michael, I will try to use it when I post heavily to the Sun forums, if I can find it again.
Don't feel bad, he missed some of mine here too. Now I can't find them.
LOL

September 30, 2007 at 3:55 PM

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