Actually his exact words were don't you dare buy a house, you will lose money. Hey I've been saying this for a year now. Nobody listened, nobody cared. After all real estate always goes up, Renting is throwing your money away.
Maybe now that this guy is saying it, you might start listening.
He was also asked if there are any areas he would buy a house. His reply was 1 zipcode in New York City and 1 county in Maryland.
If you think your town is special, scroll down to yesterday's post about real estate.
Here is the video:
Friday, September 28, 2007
Jim Cramer Says: DON'T BUY A HOUSE!! Must see TV.
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