Acclaimed financial expert, Suze Orman, gives her take on the housing crisis in a CNN interview with Eric Schurenberg. Orman answers the questions of "How did we get here?" and "How do we get out?"
San Diego downtown condos
San Diego downtown condos
7 thoughts on “Suze Orman On The Housing Crisis”
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“UCLA predicts that GDP will dip by 0.4% in the second quarter of this year, but then rebound. Anderson expects GDP to be growing at 2.5% by the end of this year.
In staking out the contrarian position, UCLA bucked other forecasters in 2001 by correctly predicting that year’s recession.â€
Thomas W.
San Diego Tours and Attractions
Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
Medical Research Specialist
Just get it over and done with, a recession is required to weed out the crap in the market.
The UK & US both need a hard landing. Bring it on!!
Laser Eye Surgery
A house is worth no more than what someone is willing to pay you for it. No buyer? Value = $0. House prices have held steady throughout the past 100 years in the US at 3x median income of whatever area you study… because every house you build must be affordable to the workers within the surrounding area.
San Diego Attorney
The housing market is in balance, when you can buy your house with your income. Can you? There is still long way to go!
Tooth Whitening Dentist
The real estatemarket is pretty stabl ein lots of areas and not so stable in others. In our area in NE, there are plenty buyers as long as property owners come to a realization that prices of 2005-2006 were bubble prices and they need to come to earth. I recently placed a bid on a property which was within 5% of owners asking, next thing I know instead of coming down he raises the asking price frim $400,000 to $500,000. Since that property suited me well, I was willing to go half way only to realize that the property was now listed at $595,000. The listing realtor was strongly justifying the raise. So, when you get such nut jobs, it will be 0 buyers. However couple of other properties that I was interested in were gone within hours of listing. ….So, I believe NE area is pretty stable in real estate valuesas long as owners are realistic.
Foreclosures