Jim Cramer on Real Estate

[jvolstad]

The NAR President looks like a used car salesman. I wonder if he has any gold teeth?

[lisawinding]

crazy! I think its crazy for anyone to advocate not buying real estate right now. Real Estate affects too many other service industries. This is why the govenment bailed out the banks. Not because of the failure of the banks but the potential failure of industries tied to real estate. if people stopped buying homes. What would you then do??? Rent? so instead of owning your own property, people should rent instead? so now you're paying some else's mortgage? What sense does that make?

[subzero628]

"Whats your major beef" at 1:53 racist?!?!?!

[CapitalAppreciation]

Jim was right!

[markbradleyvideos]

This is very interesting. Thanks for your help. I will be checking some of your videos. I believe I can have more good videos from you.

[qtrinh]

I live in Montgomery County, MD and it's not good...

[TheBradentonhomes]

Good solid advice and he was right, it is a year later and things are starting to turn around.

[AdhiSchoolsLlc]

Real estate is definitely local. If someone is looking at the purchase as an investment and wants to buy "at the bottom" that is one thing. Someone who is renting an apartment and saving for a HOME TO LIVE IN has an entirely different set of criteria in determining when to buy.

[malumalumalu]

0:30 he was completely off mark. "Next year at this time" the world experienced the greatest economic free fall it had seen since the Great Depression.

[poisionsivy]

Correct

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[ThirdEyeAbility]

0:37 he's right.

[ilikehwy40]

Jim Cramer should get out of stocks and into real estate. He has a better nack for it.

And did that guy say that in summer of 2009 people who bought a house then will get 94% returns?  Cramer is right about the motivation of people who sell stocks or property. They both are unwarrantably confident in the area they make money in.

[drunkenmonkeyrage]

damn, he was dead on with this one, markets tanked

[kensho3]

the TODAY show: Hard-hitting journalism! And now, here's Matt wearing an apron revving up for our cooking segment!

[NikoEntrepreneur]

I dont agree with Jim Cramer and this is mostly because when real estate is in its bottom most low is when you actually make the purchase. This is where you profit since homes are bought much cheaper, but again its all about LOCATION, what you purchased and how you purchased it. Thats it.

[IronJoeHorn]

notice, this was put out 2007, if u bought a house when this came out, you A: paid more than u could have now, and B: got a crummier interest rate than now that the fed just cut rates again

[stinkypoon]

This market is not at a bottom. There will be no market upswing. Almost every populated location location location sucks sucks sucks.

[bowler866]

Boy he hit that on the head didn't he!

[rosewood223]

who is this black guy?

[mulleygraves]

"Great shape" a year from sept 2007, "Slight increase" from the other guy HAHAHAHA read Austrian economics and maybe you won't be this stupid.

[attie3]

Jim Cramer for us secretary of the treasury

or Chairman of the Federal Reserve

[Ataraxian13]

we should bail out the fed

[LetItFloat]

Charllote North Carolina continue to perform well despite what is going on in adjacent States. Only States with major metropolitan areas are feeling the pinch. However, the economic down turn is translating in other areas such as gas price and automobile industry and other sectors and that might be a bad news, at the same time we know the troops are coming home and that should be a positive thing to look forward to.

[mongobobo]

i don't care what area you are looking at, but if you don't have the money, you're not going to be able to borrow it. That slows housing everywhere.

[VivaMydick]

He tells you to sell RE just so the globalists can buy it. Don't do it, don't panic. Don't you remember how they always take over the market, e.g. Rothschild in 1815 and the bankers during the Great Depression. Globalist confiscate millions of acres for NAFTA from Mexico to Canada

[AntiBullS]

he is same prostitute as your stock broker , bastard does not represent your best interest

[falcon2154]

Finally Cramer got something right.

[Alguru52]

Matt said put money into realestate Americans don't put money in? Harvard figures.10% down, 5% up every year 3 years on a 100k x3years=116k how much do you make? Mortgage 90k (4500 interest only) x 3 , property tax 1k x 3 , insurance 500$ x 3 heat 1200$x3 hydro 1200 x3 water/sewage 500x3 and then realestate fees alone 5% x 116 (5800 ) and no principle has been paid off the mortgage. IF you don't know or understand ANY of this you aren't smart enough to own a house. OH your profit =1600 loss

[drtubetube]

this guy has thousands of realtors that he speaks for, that are struggling desperately right now. Unfortunately, the situation is dire and kramer is correct

[MSGOODBAR]

As a real estate appraiser I am telling you that the Charles Mcmillan from NAR is just trying to protect his career. Most realtors are one of the main culprits that have caused this economic fiasco that we are dealing with along with many others in real estate who are not regulated as harshly as appraisers.

Michigan, Indiana, and Ohio are not good states to buy property unless you are going to do a tax lien certificate or something and you just want to have something there.

[LeftLiberalSoCal]

Isn't it true that your customers are Realtors who tend to give business only to appraisors who "get the values right"?

Come clean.

[MSGOODBAR]

Most appraisers work for banks and investors. Some who have thier license are investors. There are some that have realtors as backhanded customers but not the majority. The government has cracked down hard on appraisers due to the S&L scandal. If they find that we have manipulated the values our license is revoked and we will never be able to practice appraising again.

[mongobobo]

It's time we got rid of realtors and just use craigslist or something. Get agree upon a lawyer to finalize the paperwork and save some money.

[MSGOODBAR]

Getting rid of realtors are a bit drastic because some people who are selling their homes find it easier to do. I want them and all the other players involved in real estate that buyers and investors used to be regulated the same way appraisers, engineers, and inspectors are. The field of real estate is not fair.

[raidereddie]

Just get rid of the BAD Realtors, actually the current downturn is taking care of that automatically. R.E. License renewals in Mass. are down.

[bentleydev]

This is hilarious watching this in reterospect.

[excelsiorlife]

Real Estate Investment is good in both up and down markets. In this market I have come upon several foreclosures that were aquired at a price that will realize a profit.

It's a buyer market when you can find the right deal. The risks never go away.

[stinkypoon]

Bullshit. That's called knife-catching and it is almost guaranteed you'll be in the red and owe more than the house is worth. Just plain stupid.

[Einstiensblackid]

And with someone else's money.

[BubbFromGEI]

"Dont you dare buy a home right now":: Good advice in the US and the UK. Poor advice in Hong Kong

[cooldude91801]

NAR is a big crook. They are full of shit. You are a full if you believe them.

[misternogood]

I would've given him a pass until he said Michigan, Indiana, and Ohio. THAT was a straight up DUCKTALE.

[swixican]

markets are driven by emotions not supply and demand. S&D is a lie they teach you in school.

[donharrold]

How does Jim Cramer the LIAR and CROOK get such air time? He told people to BUY HOUSING LAST YEAR AT THE HIGHS FOR THE LAST 2 years. Now, he takes credit for telling people to "not buy"? How does this happen?

[crank454]

Jim Cramer is so stupid. He is saying at no matter what price you buy a home for you will lose money because it is during this period of time? What a retard. So if I buy a home at $5.00 land and all I should NOT buy because it is right now and because he says so.

Look a good deal is a good deal and a bad deal is a bad deal. You need to look at the intrinsic value of the deal.

[stinkypoon]

No, what he's saying is that in the REAL world where prices are still too high, it's a terrible idea to buy. Wait until the wave of foreclosures drive down the home values 40%.

[crank454]

I know what he is saying, it's just that general rules like that work for stocks but not homes. You can seek out good deals and negotiate with real people and their homes. It's a bit harder to do that in the stock realm. Bottom line is that you can make money in ANY market buying and selling anything if you buy low and sell high.

[mongobobo]

Let us look at the NASDAQ circa 2000. At one point it was hi as 4800. Now it's at around 2200. So even after 8 years it's STILL only worth half as much as it once was. Therefore, by your logic, crank454, the NASDAQ

[mongobobo]

was a 'good deal' at 3500. And you'd STILL be underwater.

[stinkypoon]

NAR is so completely full of shit. Take whatever they say, and the opposite is true. It's criminal what they're doing to this country.

[alanhowitzer]

Wow! He was a keynote speaker at the annual NAR Ponzi Conference in Indianapolis.

That's like a meeting of the mob, the happiest most positive mob in the country.

[alanhowitzer]

WOW! The 2008 President Elect of the NAR?!

He must be an even bigger crook and con-man then the your average NAR clown.

[alanhowitzer]

The people of the NAR deserve to go to jail for fraud.

[alanhowitzer]

The NAR is a real estate marketing organization disguised as an economic and educational organization.

[clallen2000]

NAR is like a salesman. A salesman will always try to spin the truth to sound great. NAR will always be a cheerleader for Real Estate.

[alanhowitzer]

Freaking classic. Charles McMillen of the NAR says that with a 5% return over three years they will give you a 94% return over 3 years?! What kind of freaking math is that?! This is coming from the same organization that last week stated that home prices were rising in most markets. All other news organizations said they were falling.

[clallen2000]

Real Estate returns can be very high because of leverage. If I buy a house for $100,000 and put down $5000 and each year the house appreciates 5% at the end of 3 years the house is worth about $116,000. My $5000 just made $16,000 over a 3 year period which is a 320% return or 106% per year.

[bentleydev]

So if the value of my home goes up I'll make money.

Great idea save for the whole "housing prices are in the toilet" problem.

[eyewitness043]

That sure was a clear message, thank god for Mass-media.