Cramer of Mad Money fame pisses off NAR

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skeptic_IHB

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<p>This is awesome:</p>

<p><a href="http://www.cnbc.com/id/15840232?video=533257614&play=1">http://www.cnbc.com/id/15840232?video=533257614&play=1</a>#</p>

<p>Cramer refuses to back down and has maybe the best quote of the bubble so far (directed at NAR):</p>

<p>"Let them eat homes!"</p>

<p>A shout-out to "let them eat cake."</p>
 
<p>For Cramer to do that on the Today show. Yikes. Every Realtor in America must be just getting sick in the wallet. I like the "If you dont like it. Call my Mommy" comment in response to the request for retraction by NAR. I think the curve is about to go from Desperation to PANIC for the RE market in the next few months. The bottom is not in sight in anyway.</p>

<p> </p>
 
For once, he's right.. Does anyone care if he pisses of the NAR? "Misleading, inaccurate, and inappopriate" they're just describing Cramer, oh.. they meant the information he was spewing out? "It's a Buyer's market," IF you have full w-2 and 1040's income statements, have a 30% downpayment, don't have contingencies to sell your existing home, only need a conforming loan, and have 650+ FICO scores.
 
He is right, and honestly even if you do have 30% down, low loan requirements, and high credit score, why would you even want to buy at this time? Pockets of OC are collapsing badly already (do a search on 92694) and see the the damage on Ladera residences, and the high end market is not immune to the over supply. These are the things that everyone know already, I'm just glad someone is willing to say it on national TV.
 
I seem to remember Cramer saying the bottom was in about six months ago. Now he has done a complete about face. Has he mentioned this? I am ok with anybody changing their mind, but they should own up.
 
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