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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.
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.
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
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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.