Comments on: Jim Cramer “Don’t You Dare Buy Now … You’ll Lose Money”

By: Morgan Brown

Morgan Brown — Mon, 01 Oct 2007 06:12:51 +0000

Rhonda – Could it be that the tide is turning in Seattle?
http://www.papereconomy.com/BNN.aspx?id=423

Brad Inman thinks so…

By: Cramer Comments on Housing; and a NJ Realtor Group Gets Whiny at The Phoenix Real Estate Guy

Sun, 30 Sep 2007 03:01:08 +0000

[...] tip to Morgan at Blown Mortgage for the video [...]

By: David

David — Sat, 29 Sep 2007 18:44:10 +0000

Honesty is the best policy, If the Nar and our local realtors would just tell the truth they would fair better. Your reputation is worth more than a commission over time. I have sold all types of mortgage products and I always gave my clients the pros and cons to the mortgage options so they could make an informed choice that they felt was best for them. If they would be honest with a buyer that chances our they will not gain any value or lose value over the next 12 to 24 months, Some people our still going to purchase, I feel they will need to be very selective of location and features because they should not buy anything that they will need to put money into right away. I am glad Cramer spoke told the truth about his talks with the big builders and their thoughts.

By: Morgan Brown

Morgan Brown — Sat, 29 Sep 2007 18:23:34 +0000

I was waiting for you on that one Rhonda!!!!

By: Morgan Brown

Morgan Brown — Sat, 29 Sep 2007 18:23:11 +0000

Tom – great analogy; it is a long game and we are just early. I do know there are some terrible realtors out there (just like in any profession, I try to keep good company though )

By: Ann

Ann — Sat, 29 Sep 2007 12:36:29 +0000

Nobody whose job is in an industry that is failing wants to say the truth..they obviously would be out of a job..Cramer told it like it is..I am a realtor and have chosen to leave the profession temporarily, to help my husband with marketing in his business, and will return when the stability returns..The business itself has changed even for the buyers. They are cautious, unable to get the financing they need or want and can’t themselves get their homes sold at the price they need to move on with the return to old “20% down.” So why spin my wheels when my live lessons can help my husbands business which is doing great. I love helping people but don’t feel that I can make a person feel comfortable making such a important financial decision in a market of such uncertainty. I tell my buyers, stay put or rent until further notice…

By: Rhonda Porter

Rhonda Porter — Sat, 29 Sep 2007 04:06:39 +0000

Cramer corrected his statement to say it’s okay to buy if you’re in Seattle…I posted this at Rain City Guide:

http://www.raincityguide.com/2007/09/27/jim-cramer-says-dont-buy-nowexcept-for-seattle/

The response has been interesting. I’d say 50% would like to say our neck of the woods will escape the housing/mortgage mess and 50% say we’re doomed.

By: Tom V

Tom V — Sat, 29 Sep 2007 01:05:53 +0000

Morgan,

A couple of thoughts:
You must have an unusually nice bunch of Realtors in your area. Wow.

The president elect of NAR didn’t do Realtors any favors on the Today show this morning either.

I think that those of us who tell it like it is and shoot straight will capture a larger share of a smaller market.

We’re in the 2nd inning of a long ball game.

Tom

By: Tom

Tom — Fri, 28 Sep 2007 22:03:15 +0000

Jim Cramer is just saying it like it is about housing. You will NOT get that from the NAR – NEVER.

By: Morgan Brown

Morgan Brown — Fri, 28 Sep 2007 21:31:06 +0000

That’s a great point Rob – the eternal optimist thinks that housing is a terrible bet, you know that can’t be a good sign.