Oh such negativity on the early comments to this post. Let’s diss Cramer cause he’s easy to make fun of. To be honest, he’s not my favorite pundit, but I think he’s right on the money this time. Sure, there may be a bit more falling of the prices, but interest rates are still rock bottom and the deals are astounding. Trump made his fortune at the bottom of many a real estate market. If you have the means to do so, listen to Cramer and then call him an idiot to save face. The classic mistake of the past market was to wait till the market headed up and then hope all other elements of the “perfect storm” remain stable. Make no mistake–this is an incredible time to buy.
June 3, 2009