Bailout will lower home values, Cramer agrees

[temeculaguy]

After reading parts of the bailout bill, I thought it would backfire. Saving the builders and giving them tax advantages to build more and slash prices would be the catalyst for the next chunk downward.

I figured I was wrong because nobody in the media was picking up on this, the main stream media was still talking about saving people from foreclosure but nothig I read in the bill would actually save them and everything would work in the opposite direction. I assumed that my inability to see the entire bill since it is being modified was the reason.

Then I read and watched Cramer’s piece on it, someone I usually avoid, but he feels the same way about it. It is going to backfire. Of course he encourages you to call your representative and stop it because it will depress your home’s value, knock yourself out, I’m not calling.

http://www.cnbc.com/id/23962144

[barnaby33]

Sorry can’t do it. I just can’t bring myself to watch Cramer, can you summarize?

Josh

[barnaby33]

Sorry can’t do it. I just can’t bring myself to watch Cramer, can you summarize?

Josh

[barnaby33]

Sorry can’t do it. I just can’t bring myself to watch Cramer, can you summarize?

Josh

[barnaby33]

Sorry can’t do it. I just can’t bring myself to watch Cramer, can you summarize?

Josh

[barnaby33]

Sorry can’t do it. I just can’t bring myself to watch Cramer, can you summarize?

Josh

[Ex-SD]

It’s worth a few minutes of your time to watch the video.
I normally can’t tolerate Cramer for more than 20 seconds or so but he’s on a crusade to stop the handout to the homebuilders.

[Ex-SD]

It’s worth a few minutes of your time to watch the video.
I normally can’t tolerate Cramer for more than 20 seconds or so but he’s on a crusade to stop the handout to the homebuilders.

[Ex-SD]

It’s worth a few minutes of your time to watch the video.
I normally can’t tolerate Cramer for more than 20 seconds or so but he’s on a crusade to stop the handout to the homebuilders.

[Ex-SD]

It’s worth a few minutes of your time to watch the video.
I normally can’t tolerate Cramer for more than 20 seconds or so but he’s on a crusade to stop the handout to the homebuilders.

[Ex-SD]

It’s worth a few minutes of your time to watch the video.
I normally can’t tolerate Cramer for more than 20 seconds or so but he’s on a crusade to stop the handout to the homebuilders.

[34f3f3f]

Give him his dues …it’s just theater. Basically, he is complaining that builders were withholding political contributions, because they had been left out of the bail-out or stimulus deal. So Congress awarded them $6 billion. Cramer sees this is as an incentive for builders to plow back more money into building when the market is already over-saturated. Over-supply means depressed prices. He thinks the money should go to home-owners. Couldn’t watch all of it, but that’s the gist of it. Oh yeah, he believes builders are the problem.

[34f3f3f]

Give him his dues …it’s just theater. Basically, he is complaining that builders were withholding political contributions, because they had been left out of the bail-out or stimulus deal. So Congress awarded them $6 billion. Cramer sees this is as an incentive for builders to plow back more money into building when the market is already over-saturated. Over-supply means depressed prices. He thinks the money should go to home-owners. Couldn’t watch all of it, but that’s the gist of it. Oh yeah, he believes builders are the problem.

[34f3f3f]

Give him his dues …it’s just theater. Basically, he is complaining that builders were withholding political contributions, because they had been left out of the bail-out or stimulus deal. So Congress awarded them $6 billion. Cramer sees this is as an incentive for builders to plow back more money into building when the market is already over-saturated. Over-supply means depressed prices. He thinks the money should go to home-owners. Couldn’t watch all of it, but that’s the gist of it. Oh yeah, he believes builders are the problem.

[34f3f3f]

Give him his dues …it’s just theater. Basically, he is complaining that builders were withholding political contributions, because they had been left out of the bail-out or stimulus deal. So Congress awarded them $6 billion. Cramer sees this is as an incentive for builders to plow back more money into building when the market is already over-saturated. Over-supply means depressed prices. He thinks the money should go to home-owners. Couldn’t watch all of it, but that’s the gist of it. Oh yeah, he believes builders are the problem.

[Author]

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