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It made me want to vomit, starting with her statement to the realtor:
"the economy has gotten to you even though you're a re professional - is that true?"
EVEN THO?
This lady had two mortgages (one option adjustable) and a HELOC. What kind of bank gives out two mortgages and a HELOC? And she took out one mortage to install a swimming pool. Who is more stupid, the bank or realtor? What the hell is wrong with people.
And the lady never considered giving up the the house, but will continue to pay $3,000 a month on a total of $600,000 in mortgages on a house worth $550,000. I bet she didn't take Suze's advice and tried to hang on. She's probably living in her car now.
suze orman is one smug lady.
one of her twitter feeds was on the predictions for 2012. she said something like:
"...gold will hit $2800 an ounce. or not."
soooo smug.
Suzie is known for giving bad advice. She was telling people to buy near peak.
HAHAHAHA
1. pay option arm with 3 mortgages and undawata
2. rental house maxed out and non paying tenant
3. Use HELOC to put in a new pool 12 months earlier.
4. RE market tanks
..
..
5. PROFIT!
I bet she is still living free sqautting since 2007.
http://www.youtube.com/watch?v=c1g15SJacxY
Whenever I need a laugh, I watch this video. 2007 and the LA housing market is falling apart. Then Suze makes a statement that the market will be down another year or two. Right.....
#housing