01/2008: Suzy Orman gives her view on TODAY’s!! real estate market. Her advice for buyers is to take advantage of today’s market and for sellers to stop looking living in the past.
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#1 by EnriqueRealtor on December 15th, 2009
I’ve got no problem with what this woman says. Live within your means – fine but,I DO have a problem with whom she is saying it to.I would love for her to turn around and speak exactly as she does to the American public and scream it at the Banks and Politicians to do the same.We have a deficit that if our country was a family, our land would be repossessed by now and the Fed and Treasury BK leaving the country with a FICO of what…300?
#2 by NikoEntrepreneur on December 15th, 2009
whats wrong with Suze Orman?
#3 by Changmin51191 on December 15th, 2009
HAHAH WHAT MSG me on MSN. ID is in my profile. K
#4 by jazzybest on December 15th, 2009
JOke – my 10 year old knows more..
#5 by wil4notes on December 15th, 2009
She makes me laugh. Good for entertianment material as it relates to the financial and real estate world.
#6 by mjpitche on December 15th, 2009
Gold moves counter to the market. i.e. as the market goes down, gold goes up. Since the market has done nothing but go down in recent time(at least the past 8 years), gold has sored. I like gold as a hedge agains the market down turns. I guess you’re not one of those people who has made a lot of money in real estate. I just bought a house and all I know is that I get thousands more back in taxes at year end and I am building nice equity.
#7 by mjpitche on December 15th, 2009
Dow Jones hasn’t reflected the true market since the early 70s. Learn about a real index like the S & P 500. No index has yet reached 2000 levels. I’ve had a few 401k since 1995 and I’ve never regained principle. So if you can make money in the market, then let me know how. Which stocks? Otherwise, keep you 30 year old information to yourself. real estate in my area(real estate is local) Has been rising 10 to 50% per year since 2001. Real estate is red hot! So it looks like you’re the idiot.
#8 by papatoony on December 15th, 2009
So what you’re saying is you put all your money in tech stocks back in the day and lost it in the bust. OOPS! In that case yea–you’re fucked. And please share with us what area you live in where RE is still going up 10-50% a year…you’re delusional! Even if that were true you’d soon be in for a RUDE awakening because that level of appreciation is simply unsustainable and will soon revert (as most of the country is now discovering). “real estate is local”…is this Alan Greenspan!?
#9 by papatoony on December 15th, 2009
The DJIA is a widely used index (NEWSFLASH!) and it is most certainly above it’s 2000 levels. But in your original comment you didn’t say anything about “2000 levels” you specifically said “over the past 10 years” which takes us back to 1998. If you bought all your stocks at the peak of the bubble in ‘00 then yea–YOU’RE AN IDIOT! Sounds like you made some shitty 401k choices. Again, I suspect tech stocks. Perhaps you shouldn’t be knocking diversification afterall!
#10 by jackasstoday on December 15th, 2009
I am with you on this. If you diversify your 401k you can minimize that risk. Look at how much the economy tanked in the past year. I have made 68% returns in the past year on my 401k.