Real Estate Market TODAY!!

[jvolstad]

3 years later, prices continue to drop.

[USAtaxRules]

Practical advice for Dec '07. I wonder what her advice would be for today.

[qtrinh]

HAHAHAHAHA...prices are still crashing. I hope you all didnt listen to this bimbo advices!!!

[EnriqueRealtor]

I've got no problem with what this woman says. Live within your means - fine but,

I DO have a problem with whom she is saying it to.

I would love for her to turn around and speak exactly as she does to the American public and scream it at the Banks and Politicians to do the same.

We have a deficit that if our country was a family, our land would be repossessed by now and the Fed and Treasury BK leaving the country with a FICO of what...300?

[NikoEntrepreneur]

whats wrong with Suze Orman?

[jazzybest]

JOke - my 10 year old knows more..

[wil4notes]

She makes me laugh. Good for entertianment material as it relates to the financial and real estate world.

[kewlguyfl]

Suzi Orman is an idiot loved by those who know nothing about finance & investment. She was shilling to blame the current real estate securitization crisis on the Bush administration..(she previously acknowledged support for BO)..and incorrectly referred to the OTS as the "Office of Thrift Savings"...repeatedly. "Where were these people!"...she screeches...Where was her prescience say 10 years ago? 5 years ago? 3 years ago? This problem was decades in the making. Just another empty pantsuit.

[brandymmyers]

Very few people have as much financial sense as Suze Orman. She knows what she is talking about, and i admire her.

[papatoony]

Uhhhhhh, she was telling people to buy real estate at the peak of the market back in '05! She said she didn't believe there *was* a bubble. Look at her now...my how her tune has changed.

[mjpitche]

I like Suzi, I just think she's wrong on diversification and the housing market. Buy Gold and as much real estate as possible because those are the best long term investments. Stock haven't yeilded any returns over the past 10 years, especially that diversitfied garbage they offer in 401Ks. If you have to buy stocks, pick them based on how good the company is in their sector and how good their financial statements are, especially cash flow.

[papatoony]

Stocks haven't yielded any returns over the past ten years?? You're an idiot. Adjusted for splits & dividends, the DJIA was at 7,640 this week in August of '98. Today, ten years later, it's over 11,500 (and has been as high as 14,164 during that time period). Educate yourself before you spout out false facts.

[papatoony]

Oh and PS. Over the long term, gold is NOT a stellar investment. It'll keep track with inflation--if you're lucky. You need to do some research! Glad you're not my financial advisor.

[mjpitche]

Gold moves counter to the market. i.e. as the market goes down, gold goes up. Since the market has done nothing but go down in recent time(at least the past 8 years), gold has sored. I like gold as a hedge agains the market down turns. I guess you're not one of those people who has made a lot of money in real estate. I just bought a house and all I know is that I get thousands more back in taxes at year end and I am building nice equity.

[mjpitche]

Dow Jones hasn't reflected the true market since the early 70s. Learn about a real index like the S & P 500. No index has yet reached 2000 levels. I've had a few 401k since 1995 and I've never regained principle. So if you can make money in the market, then let me know how. Which stocks? Otherwise, keep you 30 year old information to yourself. Real estate in my area(real estate is local) Has been rising 10 to 50% per year since 2001. Real estate is red hot! So it looks like you're the idiot.

[papatoony]

So what you're saying is you put all your money in tech stocks back in the day and lost it in the bust. OOPS! In that case yea--you're fucked. And please share with us what area you live in where RE is still going up 10-50% a year...you're delusional! Even if that were true you'd soon be in for a RUDE awakening because that level of appreciation is simply unsustainable and will soon revert (as most of the country is now discovering). "Real estate is local"...is this Alan Greenspan!?

[papatoony]

The DJIA is a widely used index (NEWSFLASH!) and it is most certainly above it's 2000 levels. But in your original comment you didn't say anything about "2000 levels" you specifically said "over the past 10 years" which takes us back to 1998. If you bought all your stocks at the peak of the bubble in '00 then yea--YOU'RE AN IDIOT! Sounds like you made some shitty 401k choices. Again, I suspect tech stocks. Perhaps you shouldn't be knocking diversification afterall!

[jackasstoday]

I am with you on this. If you diversify your 401k you can minimize that risk. Look at how much the economy tanked in the past year. I have made 68% returns in the past year on my 401k.

[BoogieWithStew]

@jackasstoday

A mirage. What if your retirement came up in 2007? Also, deduct taxes and opportunity costs from any 401k "returns."

[jackasstoday]

@BoogieWithStew Ok deduct taxes from the 401K that is still 40% returns. I think I can live with that..

[mjpitche]

Housing's awsome in the Deleware county PA/Wilmington DE area. Most houses in my area are selling within a week and they are getting multiple full price offers. It's all reagional. It stupid to talk about real estate on a national level. The new media is stupid about matters of business and finance.

[MiCasaMiDinero]

Not even Susy knows when the RE market will recover. But what few people know is that real investors are jumping into the market to buy low and hold for future profit long term. They are not inexperienced speculators buying the "real estate foreclosure programs" from those informercials we see on TV.

Real estate investors almost always go in the opposite direction the general public goes and that is how investors make their money.

They dont buy books or CD from TV they study and learn!

[MiCasaMiDinero]

So apparently doing mortgages makes you an economists or a "future teller" and you can see what is going to happen in the future.

Economist make their predictions based on pas and present information of what is happening in the markets and the economy. They can only make predictions.

While some are more accurate than others, that still does not change the fact that nobody can tell the future.

[SALMATASH]

better said, then done

[freeduke98]

I know she is an idiot but she is still better than many realtors and analysts out there.

[xxx12345yyy]

Do not buy real estate. you WILL lose money. Bad times are coming.

[mgilbo1]

Suze's on crack. Don't buy in this market. The housing fall has just begun. While housing has doubled and tripled in the last 8 years, its only dropped 15-20% in some areas. They are still too high to buy.

[mgilbo1]

She's an idiot. The housing slump has just begun folks so don't buy anything. Google Peter Schiff if you want the real info. I do mortgages and trust me when I say this, due to bank loan changes, housing is going to PLUMMET!

[tyronebiggums3]

You should "bid like it's 1999"! LOL