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The Cleaner (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:45 PM Original message |
CNBC's Jim Cramer At It Again: "DO NOT BUY A HOME NOW!" Realtors & Associations PISSED. |
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Tandalayo_Scheisskopf (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:46 PM Response to Original message |
1. Every onc e in a while... |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:49 PM Response to Reply #1 |
3. Depends on the market, Cramer |
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BadgerLaw2010 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:32 PM Response to Reply #3 |
55. Cramer's mile-long disclaimer says to do exactly that. |
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LisaM (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:48 PM Response to Original message |
2. Arrrrgh, it grates me when people say buy a HOME |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:50 PM Response to Reply #2 |
4. Yeah, it's right up there with "irregardless" |
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charlie (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:55 PM Response to Reply #4 |
8. And hourly workers "associates" |
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blondeatlast (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:02 PM Response to Reply #8 |
14. I was one of the early victims from my college days in an upscale retailer. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:14 PM Response to Reply #14 |
25. I remember the grubby "Associates Entrance" |
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OwnedByFerrets (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:11 PM Response to Reply #4 |
21. and "i could care less" nt |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:30 PM Response to Reply #4 |
36. My peeves.... |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:38 PM Response to Reply #36 |
43. Thanks for reminding me of another reason I left nursing |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 02:53 PM Response to Reply #43 |
49. Especially.... |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:51 PM Response to Reply #2 |
5. Me too, especially when it's a reference to a townhouse. |
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pink-o (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:54 PM Response to Reply #2 |
7. Another marketing spin... |
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Mr. Ected (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:53 PM Response to Original message |
6. Rates Are Low, Prices Are Falling |
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The Cleaner (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:57 PM Response to Reply #6 |
9. Problem is, rates will go LOWER, prices will fall FARTHER during this bubble pop. |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:01 PM Response to Reply #9 |
12. Investing 101 really. You don't buy until the market hits rock bottom. It hasn't hit rock bottom. |
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edhopper (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:57 PM Response to Reply #6 |
10. Yeah, |
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Mr. Ected (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:06 PM Response to Reply #10 |
19. As If There's Such A Thing As An American Real Estate Market |
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Ikonoklast (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:02 PM Response to Reply #6 |
13. Don't catch a falling knife |
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renie408 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:05 PM Response to Reply #13 |
16. Fuck your logic. My husband works in new home construction...GO BUY A GODDAM HOUSE!! n/t |
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LisaM (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:08 PM Response to Reply #16 |
20. Oh, right. I live in the most overpriced city in the country |
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The Cleaner (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:13 PM Response to Reply #20 |
24. Same w/D.C. |
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grasswire (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:11 PM Response to Reply #16 |
22. respectfully.... |
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renie408 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:21 PM Response to Reply #22 |
31. Thanks for the advice. n/t |
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Ikonoklast (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:21 PM Response to Reply #16 |
29. I *never* buy on emotion |
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renie408 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:22 PM Response to Reply #29 |
34. Gee, you mean you aren't actually going to buy a house because I want you to?? |
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Ikonoklast (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:34 PM Response to Reply #34 |
40. I knew you were being facetious |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:21 PM Response to Reply #16 |
32. I should take an economic hit for your husband? |
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trekbiker (724 posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:22 PM Response to Reply #16 |
33. tell your husband its time for new career... |
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alarimer (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:32 PM Response to Reply #16 |
39. No thanks |
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StrongBad (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:36 PM Response to Reply #16 |
41. So because your husband works in construction... |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:21 PM Response to Reply #6 |
30. We have a good solid year and a half before they bottom out... |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 12:59 PM Response to Original message |
11. It's simple. Wait until the housing market is completely at the bottom of the ocean before buying. |
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LSK (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:02 PM Response to Reply #11 |
15. how do you know when that happens? |
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renie408 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:06 PM Response to Reply #15 |
17. When prices start going back up and you missed it because you were waiting for rock bottom. n/t |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:17 PM Response to Reply #17 |
26. 5 percent rule. |
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trekbiker (724 posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:27 PM Response to Reply #26 |
35. 50%??????? |
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charlie (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:31 PM Response to Reply #35 |
38. Detroit |
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BadgerLaw2010 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:27 PM Response to Reply #26 |
53. 5%? Maybe if you live in a market that wasn't massively overinflated. |
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BadgerLaw2010 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:23 PM Response to Reply #17 |
52. Missing by 2% on the way up is better than overpaying by 30% on the way down. |
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Bentcorner (385 posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:06 PM Response to Reply #15 |
18. I noticed during the last two housing bubbles, it took the same amount of time |
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DemocratSinceBirth (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:12 PM Response to Original message |
23. Without Getting Into This Pissing Match... |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:20 PM Response to Original message |
27. He's right |
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Mr. Ected (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:37 PM Response to Reply #27 |
42. Why Don't You Blast the Ignorant Consumers As Well? |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 02:48 PM Response to Reply #42 |
48. Consumers were idiots, too |
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alstephenson (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:20 PM Response to Original message |
28. He was on the Today show this morning... |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:31 PM Response to Original message |
37. ROFL! He might be right, but only because the market hasn't bottomed out *yet*... |
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EnviroBat (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 01:39 PM Response to Original message |
44. Aww damn! I just bought my first house... |
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Vinca (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 02:03 PM Response to Original message |
45. Thanks Cramer. My husband's business is real estate based |
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edhopper (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 02:13 PM Response to Reply #45 |
46. Cramer is only |
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Egnever (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 02:14 PM Response to Reply #45 |
47. Yea its his fault. |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:01 PM Response to Reply #45 |
50. Or maybe it gets so bad..... |
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Vinca (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:18 PM Response to Reply #50 |
51. No, no, no, no, no. No kitty pot pie allowed. |
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AnneD (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 04:05 PM Response to Reply #51 |
61. I keep getting these... |
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BadgerLaw2010 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:28 PM Response to Reply #45 |
54. So Cramer should encourage people to get massacred for your sake? |
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noel711 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:33 PM Response to Original message |
56. Did you hear his rant... |
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OnceUponTimeOnTheNet (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:37 PM Response to Original message |
57. I tried the link, but it kicked me clear off the internets. |
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Politicub (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:42 PM Response to Original message |
58. With the falling dollar |
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edhopper (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 05:02 PM Response to Reply #58 |
62. Since we already have an historically high inventory, |
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KillCapitalism (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:51 PM Response to Original message |
59. Cramer is awesome, he gives great advice. |
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hatrack (1000+ posts) Send PM | Profile | Ignore | Fri Sep-28-07 03:57 PM Response to Original message |
60. FWIW, there was a hilarious NAR ad a few months ago, to wit: |
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