>From Cramer's response to a question, as linked by raghu: "I think that real estate is a once-in-a-lifetime opportunity, because there are no competitive buyers. Mortgage rates are the lowest in my life. Affordability is the best in my life. Clearly, real estate is much better than stocks right now."
Since family continues to expand, we are now in the delicate process of selling our tiny co-op apartment in Sunset Park and buying a house in Bed-Stuy. Given current rates and market conditions, it seems like we'll be able to afford a -- for our modest standards -- huge 3-story limestone house, fully restored and renovated, with top of the line appliances and amenities. I mean, this is Brooklyn, and Bed-Stuy is officially a "low income," predominantly African American and Caribbean neighborhood. However, the fact that *Cramer* is advising people to go long on real estate scares the hell out of me. PEN-L should provide bubble insurance to its members. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
