In the event that you haven’t seen or heard this rant, here it is. At least he’s passionate about what he does. Someone had to say what he said. Who better to say it than Cramer?
I’ve only been in the game for a little over a month, but what Cramer’s ranting about makes sense. In a small example, condo prices in town have gone from $180-200k in early 2006 to anywhere from $120-150k in about a year’s time. Those college students (assuming most of the tenants are students) looking to put money away in what appeared to be a stable investment will now come out of school with an unexpected debt as a result of their property purchase. Combine that with student loans and other debts that quite a bit of the middle and lower class students build up and it’s going to be extremely hard for those students to come out of college financially stable. Student loans are something I have an issue with, but I’ll save that for another day.