So a couple of days ago, Jim Cramer is on the Today Show, saying “Don’t you dare buy a home now, you’ll lose money”.
Fine, his opinion. He’s clearly entitled to an opinion and has never been shy about sharing one.
Personally, I think it is silly to make a blanket statement like that — swiping a wide brush across the country and every possible buying situation — and proclaiming “you’ll lose money”.
Does Cramer really think if someone purchases a home today, lives in it for say 5, 7, 10 years or more and sells it that they’ll lose money? Or is he thinking that if someone buys any home today, anywhere in the country, that next week the home will be worth less? (Which of course is a paper loss, not a real loss)
Who knows, it’s Cramer.
And to be honest, I don’t really care what he says. It’s an opinion, and by definition, that can not be wrong.
What is wrong is this New Jersey Realtor group getting all whiny and wanting their members to send letters to the Today Show to whine and cry about what Cramer said.
Get over it people. The guy’s a talking head who gets paid (very well) to create controversy.
He’s just doing his job.
Maybe you should try doing yours. Houses are bought and sold every day. Quit wasting time bitching about what people say and get out there and educate your clients and sell a freaking house. For the love of Pete I’m tired of Realtor associations stumbling over their own words and sobbing over other’s words. It’s the real estate market. Deal with it or seek employment elsewhere.
Here’s the video. Think Cramer is going to retract / apologize?
Hat tip to Morgan at Blown Mortgage for the video linkage.