A Message to CNBC “after 30% of homes underwater report”

Mrs. Olick

It is clear that housing is not on the path to a true recovery. Many of us on this board have thought so all along while some analysts and journalists have contested that the bottom has been made.

Mr. Cramer should reconsider and revise his call.  I believe the recent data should give him enough reason to change his mind.   Also, if the banks start to unload more of the shadow inventory, then his call that housing has stopped going down will look even less likely, regardless of the measurements used.
Some home owners are getting ahead of the curve.

My challenge to Mr. Cramer still stands

This would have been a more realistic outlook for 2011.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.