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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.
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.
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.
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
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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.