I thought it would be fun to go back and look at a debate on The Todays Show from several months ago between Jim Cramer and Charles McMillan of the NAR.
Cramer, a stock market expert, is expounding on how bad real estate is and not to buy a house under any circumstances. Was he right?
I think McMillan scored on these vital points. 1. Real estate is local. 2. People will always need a tangible roof over their heads, which is what real estate essentially is. 3. Real estate is not the stock market. Cramer did make a hit on one point and that is McMillan was basically giving the corporate line that everything is fine when obviously it really isn’t. So who was really right and who was really wrong? They’re both right -and wrong because the savvy real estate investor can make money in every type of market, regardless of how bad things are going, if he or she knows what they are doing. Don’t know how? Our best advice is to get into your local real estate club and find a mentor who has been investing in real estate for at least 20-30 years. That’s where the real golden information is. The debate continues:
Popularity: 13% [?]
Related Websites -
How to Find a Good Real Estate Broker If you are in the real estate market, you need to have a good broker. This is true whether you are buying or selling. A good real estate broker will help you find the right property (or sell yours) and help you navigate the complex world of real estate law. It can...... -
Free audio on how to build wealth investing in commercial real estate Greetings! Below, I have some interesting links regarding 1) the impact of the economy on commercial real estate 2) Real Estate investing vs. stocks 3) Job growth or lack of. We are coming up on interesting times.....opportunities abound! Anyway.... I was going through my email tonight and read an email...... - Investing In Japanese Real Estate In a previous post I had mentioned that a Japanese REIT was going IPO. I was wondering how I could get in on the action. It seems like a good idea - the Dollar should weaken against the Yen and Japan's Real Estate should appreciate after almost a decade and......
- Real Estate Forecast 2009 As a member of the school's Real Estate Club, I got a pretty interesting update on the real estate forecast for 2009. This is just the summary. The whole article was signficantly bigger. A lot of it is obvious, but it's still a good comprehensive list. Serious dislocation has resulted......
- How I Started Investing In Real Estate src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> In September 2000 i caught the flu and while I was probably well enough to go to work, I decided to take a week off and relax. I spent a whole week sitting in Barnes and Nobles reading all sorts of business and investing books. That week I......