Zillow Advice: Home Buying - Another predict came true? Cramer: Housing Has Officially Bottomed

cramer has been so wrong ...

Thu, 18 Jun 2009 02:34:00 GMT

cramer has been so wrong so often though, I'd say doing the opposite of whatever he says would be the smarter move!

Lady C- seems the similar ...

Fri, 19 Jun 2009 20:37:00 GMT

Lady C- seems the similar homes dropping to below 500K.

What did they sell for prior to the bubble years ?

I am none to worried about ...

Fri, 19 Jun 2009 17:40:00 GMT

I am none to worried about missing out on anything. Here is a clear example of why:
A friend just sold their home for $800K, they bought it in Dec 2005 for $1,025,000 and here is a comparable home nearby in good condition bank owned home selling for $630K. And for every home that is listed there are several more that are vacant and not listed.......

Hey Lady, I agree 100% with ...

Fri, 19 Jun 2009 17:25:00 GMT

Hey Lady, I agree 100% with you. We ARE in the eye, lets just hope this storm doesn't pick up any more warm air.

I am seeing a lot of sold ...

Fri, 19 Jun 2009 17:10:00 GMT

I am seeing a lot of sold signs in my area, however I believe it is a false bottom and that now that gas prices are near $3 again Americans will start being squeezed again and the vicious cycle will once again gain momentum. Perhaps we are just inside the eye of the hurricane......which is a bit of calm before the other side of the storm hits.

Cramer is fun to watch if ...

Fri, 19 Jun 2009 16:01:00 GMT

Cramer is fun to watch if you like that yelly high energy low info thing, but he has been wrong so big in the recent past that at this point it is sort of like watching Rush Limbaugh rail against drug abuse. Scary and sad at the same time.

Maybe next year he can go ...

Fri, 19 Jun 2009 11:09:00 GMT

Maybe next year he can go back on the Daily Show for another beating based on this prediction. Of course, house prices can't fall to near zero in the next week - so this is an improvement over his Bear Sterns call.

Sorry, but Cramer is wrong ...

Fri, 19 Jun 2009 04:51:00 GMT

Sorry, but Cramer is wrong on this one. Wish he were right, but he ain't.

Blog post on this topic here.

I heard Cramer say that housing ...

Thu, 18 Jun 2009 05:13:00 GMT

I heard Cramer say that housing had bottomed too - well... let's hope so. Personally I think that housing will be painfully slow for the rest of this year because credit policy is tight (did you see the new Obama regulatory programs today?), unemployment is too high, and the availability of commercial credit is not helping business owners. We are seeing a lot of action here in the FTHB market, but that's because people are getting smokin deals on homes they could not ordinarily afford in a healthy RE market. I like Cramer - he makes me laugh, but I wish he hadn't said that because I will feel bad for him if he has to retract it.

Have fun... lots of mud that ...

Thu, 18 Jun 2009 05:12:00 GMT

Have fun... lots of mud that sticks

http://en.wikipedia.org/wiki/Jim_Cramer