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  • Suze Orman speaks to strapped realtor

    Posted by admin on February 8th, 2010 and filed under realtors | 25 Comments »

    Suze Orman speaks to a realtor who is underwater

    Duration : 0:9:13


    [youtube c1g15SJacxY]

    25 Responses

    1. qtrinh Says:

      Was worth $550K
      Was worth $550K

    2. MyTubeDude1 Says:

      The lady should …
      The lady should have known the future! What was she thinking?

    3. 407buddy Says:

      Sorry folks, we …
      Sorry folks, we have been had, peed on, scammed and lied to.
      WallStreet bailouts were rigged and a fraud, market manipulations,
      high freqency trading, flash orders, naked short selling by:
      Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
      The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
      Pull your money out, walk away from your mortgage and CC card debt,
      We can beat them at their own game, buy pure silver bullion,
      buy local mom and pop. Starve The Beast!

    4. mkl62 Says:

      Suze will be …
      Suze will be appearing on The Today Show this Monday.

    5. campanero67 Says:

      @doubanjiang What …
      @doubanjiang What bail out are you talking about. Banks took money from the goverment
      and have done nothing to help anybody but themself CEO’ still makin over 30 million a year

    6. upinflamezzz Says:

      Screw this woman, …
      Screw this woman, she had to have known the roller coaster was going to end. A wiser person would have saved some of that 136K.

    7. shakaama Says:

      while your advice …
      while your advice is well taken, you forgot

      - all her loans are completely adjustable and at the point of this show, had not adjusted yet. So we’re looking at her 3,000 mortgage could have balloned to 5, 6 or even… and yes we’ve all seen it now, 10,000 / month. Suze told her the right thing, to walk away from this one and buy something she could afford at 40k/yr

      my god a pool? really? and she had an ARM already? she was asking for this heartache

    8. evek2345 Says:

      Technically, you …
      Technically, you still have to pay the government it’s share of the property every year, that is all yours!!! :)

      ugh, i just don’t get why people are so anxious to “own” a depreciating asset. You can’t escape from living expenses people but you might as well try and make it as cheap as possible, thats why renting is soooooo much better than “owning” (if you can call it that).

    9. mkl62 Says:

      Suze will be …
      Suze will be appearing on The Oprah Winfrey Show tomorrow.

    10. doubanjiang Says:

      this woman …
      this woman completely deserves to go under. A 500K home with no equity in it? A pool? THIS is what we’ve been bailing out.. And I’m sick of it.

    11. farmboycarl Says:

      I promise you that …
      I promise you that if Suze Orman didn’t have a $90 million dollar net worth (made from mass-media marketing income not available to her desciples), she could not survive the current enviroment any better than the caller above. She could use her position to shine the light on the failures of a government who looked the other way while Wall Street set up this attack on society, but she smartly remembers who owns the TV stations and publishing houses.

    12. teacupwish Says:

      Credit checks for …
      Credit checks for certain types of employment are very common, especially in credit-check-happy California and New York.

    13. markanddana Says:

      if i were her, id …
      if i were her, id sell the house and start again but next time learn from my mistakes.

    14. Dakid015 Says:

      oh yeah and i …
      oh yeah and i forgot to add…an income of $40K qualifies you for government assistance in some areas. I wont be surprised if LA happens to be one of those areas.

    15. Dakid015 Says:

      $40,000 yearly …
      $40,000 yearly salary is dismal if you live in Los Angeles!!

    16. Doctoracerebro Says:

      Its called Greed, …
      Its called Greed, you got some and want more and more.. not to smart for an agent

      i am not an agent and already paid off my house

      a crappy little house but it is all mine..!!!

    17. superbooks7 Says:

      She is a realtor …
      She is a realtor that just expected to keep having her same income, and not planning for a lack of income. The Real Estate industry usually always makes money.

      Second and third mortgages and equity loans are the problem .

    18. clubkid29 Says:

      I wouldn’t call …
      I wouldn’t call Stacie a real estate ‘professional’. She should have called Suze to ask ‘can I afford it’ before buying the pool—HA!

    19. aterces2 Says:

      She is just stupid …
      She is just stupid Real State Agent. She has been a RS agent for 10 years, I am sure she had experience low and down on the markets, She should anticipated the market will go down, and be preparefor it as a professional. She shaould have follow the market close. ONe question that I have if hse is in that trauble, how many people she put on the same trauble.

    20. beck943 Says:

      Mushu, you’re right …
      Mushu, you’re right about needing to live within your means. And ARMs suck. But $40,000 depends on where you live. Where I live, it doesn’t even count as middle class. It doesn’t mean you’re high maintenance, it means you don’t live in a cheap part of the country. New York City is more expensive overall than Mississippi for example.

    21. lrich65184 Says:

      amen to that.. a …
      amen to that.. a good credit score just means your eligible for more debt. if you don’t have the money, don’t buy it. your not worthy of it yet.

    22. MishuTaste Says:

      You probably …
      You probably haven’t been job hunting lately.

    23. macspectrum Says:

      and another good …
      and another good reason to consider selling your home privately instead of using an alleged “expert”

    24. sandroeleven Says:

      corporations do …
      corporations do that everyday…they take the bigest risks and hurt the most people…that is why so many are against the bailout.

    25. blackaristo Says:

      Sobering. the cost …
      Sobering. the cost of bad decisions can leave you homeless. I cannot get over the swimming pool and mortgaes of $ 3,720.00 per month. How can she sleep at night?

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