San Diego Housing Bubble News and Analysis

It's too late for that. It didn't work in Japan and it won't work here.

Wow...He lost his top there. Unbelievable.

Absolutely priceless. I would say he was more demanding a rate cut rather than begging for one. I loved it when he said "We have Armageddon."

not sure how i feel about those wall streeters losing their jobs.

Yea...those poor guys who made millions...oh wait BILLIONS...on the backs of stupid American's being suckered into loans they couldn't afford (no they aren't innocent but there was definately a lot of fraud out there).

Regarding wall streeters losing jobs, I don't feel bad at all and I have family/friends on wall street.
The smart ones have built up a cushion for just such an event. My bro-in-law went from 7 figures to negative post-9/11. He wasn't happy, but he was easily able to ride out the storm because he had low debt and a diverse cash generating portfolio. They work in the freakin financial markets and if they don't know how to diversify, let Darwin sort them out.
It's bad enough I'm forced to pay these guys almost 1 percent every year for the pleasure of having a 403(b), if they can't figure out how to ride out a financial crisis--let them work at Walmart for a few years.
BTW: same goes for Realtors--my Realtor friend owns his house and car outright, and has about one year's expenses in the bank. After all, it has been a very good half-decade. If you don't know how to put some aside, maybe now you'll learn.

-one muggle

too funny and too fucking bad!!

it appears to me that I will be able to buy a very nice home next couple of years here in San Diego for under the conforming loan limit!!!

hahahahahahahahahahaha

I loved it! Cry me a river Cramer because you know people who will lose their homes. Nobody saw you crying because you knew people who couldn't afford homes last year and next year they will be able to. If armageddon means home prices will fall to levels that six figure earners can raise a family and have their spouse stay at home with the kids, then bring on armageddon. Yes Cramer, break out your biblical references, the seas will boil, fire and brimstone, and college grad couples starting out can buy a little house and still eat, oh noooo. What's next? People turning into pillars of salt and teachers being able to buy homes?

it sounded like he was more upset about his wall street buddies losing their jobs and rich people like him "can't even get a loan".

when this RE market first started tanking in middle america, i remember reading the stories in the ny times about the multi million dollar penthouse apartments on park avenue still getting snapped up by the hedge fund titans at bonus time. are these the friends losing their jobs that he is crying about?

quite frankly, i've never found his investment advice to be that good.

He needs some medication to control himself but rate cut should not happen now. Interest rate in this country is fairly low, what the heck is he complaining for?

His poor friends are losing their jobs....Were these the same people that got the _average_ $500,000 year-end bonus? Oh yeah, they were.

Oh my god he is freaking out. That reporter lady looked scared! I'm really happy though... I shorted BSC on Monday for $128... Nothing like a 12% return in 5 days.

And in other news, Cramer and Leonard the Wonder Monkey are all tied up now: http://www.cramerwatch.org/

temeculaguy,

Sweet! Couldn't have said it better myself.

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Yes Cramer, break out your biblical references, the seas will boil, fire and brimstone, and college grad couples starting out can buy a little house and still eat, oh noooo. What's next? People turning into pillars of salt and teachers being able to buy homes?

This guy is throwing a controlled temper.

He is basically trying to distract people from his failure by blaming on the interest rate, bernake, and bear stern. What a clown.

His fans probably are going to have these scapegoats to beat the pants off.

he first said that bear should have kept their mouth shut to prevent panic then proceeds to rant that "it is ARMageddon". hmm.

he has private conversations with the heads of financial institutions and yet makes bad calls. hmm.

in his conversations, his "friends" ask *him* what he's going to do about it. hmm.

someone should investigate his ass.