Comments on: Cramer Calls A Housing Bottom (Yet Again) http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 22:30:38 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: homebuilder http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-185171 homebuilder Sat, 20 Jun 2009 15:35:47 +0000 http://www.ritholtz.com/blog/?p=29230#comment-185171 Cramer and Kudlow have NO Clue what is going on in the real world. We are a small business with 8.5M of homes that haven't moved in two years... NOBODY is buying. The only offers have been less than 50 cents on the dollar. I can't get the banks to foreclose. I can't even get Regions to take a short sale of .75 on the dollar.... I told them to foreclose because then they can get .50 cents... (at this point I'm toast...) The only home building going on in our market is armageddeon/inflation fear plays... All of our subcontractors, suppliers, and vendors are going out of business. Almost everyone I know is underwater on their home and couldn' t move if they wanted to... Banks are sitting on so much real estate it's scary.... I saw Kudlows show yesterday and was LOL... He's a joke (and interrupts incessantly...) Cramer and Kudlow have NO Clue what is going on in the real world. We are a small business with 8.5M of homes that haven’t moved in two years… NOBODY is buying. The only offers have been less than 50 cents on the dollar. I can’t get the banks to foreclose. I can’t even get Regions to take a short sale of .75 on the dollar…. I told them to foreclose because then they can get .50 cents… (at this point I’m toast…) The only home building going on in our market is armageddeon/inflation fear plays… All of our subcontractors, suppliers, and vendors are going out of business. Almost everyone I know is underwater on their home and couldn’ t move if they wanted to… Banks are sitting on so much real estate it’s scary…. I saw Kudlows show yesterday and was LOL… He’s a joke (and interrupts incessantly…)

]]> By: Has housing hit bottom yet? | Constructionpundit http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-184656 Has housing hit bottom yet? | Constructionpundit Thu, 18 Jun 2009 20:15:32 +0000 http://www.ritholtz.com/blog/?p=29230#comment-184656 [...] Cramer says it has, you know it hasn’t.  The trouble with Jim Cramer and most of the media reporting on housing and the economy is that [...] [...] Cramer says it has, you know it hasn’t.  The trouble with Jim Cramer and most of the media reporting on housing and the economy is that [...]

]]> By: gnomic http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-184125 gnomic Wed, 17 Jun 2009 19:54:52 +0000 http://www.ritholtz.com/blog/?p=29230#comment-184125 A TV views is born every minute and it takes CNBC and Jim Cramer to seperate him from his money. A TV views is born every minute and it takes CNBC and Jim Cramer to seperate him from his money.

]]> By: Market Talk » Blog Archive » Housing Bottom? Not Quite, Not Yet http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-184114 Market Talk » Blog Archive » Housing Bottom? Not Quite, Not Yet Wed, 17 Jun 2009 19:46:16 +0000 http://www.ritholtz.com/blog/?p=29230#comment-184114 [...] housing collapse decelerate, but not stop falling. Price reductions have not ended,” Ritholtz writes on his [...] [...] housing collapse decelerate, but not stop falling. Price reductions have not ended,” Ritholtz writes on his [...]

]]> By: BG http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-184067 BG Wed, 17 Jun 2009 18:33:47 +0000 http://www.ritholtz.com/blog/?p=29230#comment-184067 BR, Why do you even report on anything this loon has to say. IMO anyone that listens to this guy has got to be nuts!! BR, Why do you even report on anything this loon has to say. IMO anyone that listens to this guy has got to be nuts!!

]]> By: Thor http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-184042 Thor Wed, 17 Jun 2009 18:05:47 +0000 http://www.ritholtz.com/blog/?p=29230#comment-184042 But .... But Mortgage Application Volume Falls 16% . . . . . . Why aren't people listening to Cramer? He SAID we were at the bottom, Mortgage Applciations are supposed to be going UP!!! :-P But …. But

Mortgage Application Volume Falls 16% . . . . . .

Why aren’t people listening to Cramer? He SAID we were at the bottom, Mortgage Applciations are supposed to be going UP!!! :-P

]]> By: tradeking13 http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-184017 tradeking13 Wed, 17 Jun 2009 17:23:17 +0000 http://www.ritholtz.com/blog/?p=29230#comment-184017 I guess he is basing his bottom call on former bubble areas where houses are selling for less than they were before the bubble started. Take parts of SoCal for instance (http://www.latimes.com/business/la-fi-cheaphomes10-2009jun10,0,4802553.story) where homes are selling at 1989 prices (yes, nineteen eighty-nine!!). Other areas, most notably the northeast, still have a ways to go. I guess he is basing his bottom call on former bubble areas where houses are selling for less than they were before the bubble started. Take parts of SoCal for instance (http://www.latimes.com/business/la-fi-cheaphomes10-2009jun10,0,4802553.story) where homes are selling at 1989 prices (yes, nineteen eighty-nine!!). Other areas, most notably the northeast, still have a ways to go.

]]> By: Qualified to Represent http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-183994 Qualified to Represent Wed, 17 Jun 2009 16:36:58 +0000 http://www.ritholtz.com/blog/?p=29230#comment-183994 Confucious Say: Picking bottom give you stinky finger. Confucious Say: Picking bottom give you stinky finger.

]]> By: jmcmanus http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-183978 jmcmanus Wed, 17 Jun 2009 15:23:18 +0000 http://www.ritholtz.com/blog/?p=29230#comment-183978 Seriously. Those who take umbrage at CNBC’s Jim Cramer’s blusterous blundering prognostications miss the point of Cramer and his role on Mad Money. Credibility and Jim Cramer go in the same sentence only insofar as Jim needs to be true to his persona; he doesn’t need to be right to retain a rabid TV following. http://www.housingcrisis.com/uncategorized/bottom-liners/ Seriously. Those who take umbrage at CNBC’s Jim Cramer’s blusterous blundering prognostications miss the point of Cramer and his role on Mad Money. Credibility and Jim Cramer go in the same sentence only insofar as Jim needs to be true to his persona; he doesn’t need to be right to retain a rabid TV following. http://www.housingcrisis.com/uncategorized/bottom-liners/

]]> By: Top 5 real estate post of the day – Wednesday 6/17/2009 http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/comment-page-1/#comment-183975 Top 5 real estate post of the day – Wednesday 6/17/2009 Wed, 17 Jun 2009 15:16:01 +0000 http://www.ritholtz.com/blog/?p=29230#comment-183975 [...] Cramer calls a housing bottom (yet again) – Jim Cramer says the bottom of the housing market is here, Barry Ritholtz disagrees. The problem [...] [...] Cramer calls a housing bottom (yet again) – Jim Cramer says the bottom of the housing market is here, Barry Ritholtz disagrees. The problem [...]

]]>