Ah, let's all revisit the sage advice of little-girl-playing-grown-up-real-estate-investor Kendra Todd, from September 2006. Too bad people can't sue her, or Yahoo for giving her this platform.
But it is nice to know Donald Trump will be declaring bankruptcy soon.
Is the Real Estate Market in Bubble Trouble?
By Kendra Todd, winner of "The Apprentice 3"September 26, 2006
You can't go anywhere without hearing people talk about "the real estate bubble." Such talk drives me to distraction, and I'll tell you why. It's because there is no real estate bubble. Bubbles are for bathtubs.
Despite a thousand articles in Sunday newspaper real estate sections, the bubble is a myth. The real estate markets in many areas are going through a normal correction cycle. I'm going to tell you how to recognize the signs of a correction in your market, how you can avoid getting sucked into "bubble trouble" and how you can even benefit from the current environment.
A bubble is a market in which the value of the key asset is inflated based on speculation and psychology. Because of this, true bubble markets can burst overnight when something happens to shatter the perception of value.
That's why the Internet boom of the late 1990s was a true bubble; people suddenly realized that ninety percent of the dotcoms were companies with no way to make money. Talking about a bubble implies a sudden burst, and real estate does not work that way. You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value.
February 19, 2007
Remember this dimwitted real-estate-clerk-Apprentice-winner-Donald-Trump-spawned "bubbles are for bathtubs" idiot, Kendra Todd?
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32 comments:
There's nothing more hateful than someone so arrogant and inexperienced that she can't see her own ignorance.
I just received in the mail Donald's new millionaire real estate course offer. He reveals all! WOW!! Can't wait to attend one of his seminars given by some paid schmuck who'll show me how to live like the Donald and get to bang a hot Czech Supermodel. I guess he's already preparing for the worst and this is his backup plan. I bet hundreds of thousands will fall for this crap!hahahahahaha!!!!
"You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value."
That's called a bubbleotomy!
By Kendra Todd...
"There, I said what you told me to say, Donald. Now get your hand off my ass!"
I remember a quote she made last summer in reference to the housing bubble. I believe it went something like this:
"Housing is not like the stock market. It's like a drive through the mountains; you'll have peaks and valleys."
Ummm, sweety: exactly HOW is that different from the stock market?
"You don't go to sleep one night with your house worth half a million dollars and wake up to find it's lost half its value."
True! You'll wait around for about four-five years before you see that it lost half of its value.
She will have worded her analysis carefully so that she technically won't have false claims.
Oh really?????
What's the saying...born on third base and thinks they hit a triple...
Yet another know-nothing-know-it-all. Sold houses during a once-in-a-lifetime, unprecedented bubble and thinks she knows something about real estate.
Explain to me again, Kendra, why I would take real estate advice from a 2-bit, dime-store, tit-wiggling hoochie with 2 first names?
Home buyers unite!!! Smell the blood in the water!!! Home prices are coming down and will continue to come down until prices make economic sense.
Don't listen to that realty clerk friend who is trying to talk you into buy an overpriced home just to pay them a commission.
Do the math. If you were to rent the house you want to buy and the rent would cover your debt, taxes and insurance you plan to take on then you may be OK. But if it doesn't then just wait. The price will come down and you can sleep at night knowing your financial decision makes financial sense for you.
When the doomsday proponents get front page news. Thats the time to cash in on the bubble..
It must be the DWEK`s ~$400 Million and Kara Homes Real estate mess that scare investors out of Real Estate market in Ocean and Monmouth county in New Jersey !!!
======
Creditors peg Dwek debts at $400M
His aunt, lawyer seek payments
Posted by the Asbury Park Press on 02/17/07
http://www.app.com/apps/pbcs.dll/article?AID=200770217002
======
KARA HOMES` Bankuptcy
http://www.pressofatlanticcity.com/news/local/ocean/story/7099481p-6956246c.html
Her definition of a "bubble" is probably different from what others preceive. She's thinking of a "bubble bath". True, prices will not drop 50% overnight, but she needs to be more realistic. The reality is that prices can fall in value. Right after the 1989 Bay Area earthquake, home values continue to fall for the next 5 years. The loss was a total of ~20%. At about the same time, home values in southern Calif. continued to erode and dropped even more.
I'd do her
If she kept her mouth shut
Is there a Donald Trump casting couch?
I hear a lot of foolish chatter in these posts. There is no such thing as a National Bubble. Real estate is a local asset and pricing depends on local factors, such as local economy, wages, employment levels, population growth, supply/demand on housing inventory, etc, etc.
National averages are like two buckets of water - one boiling hot, the other freezing cold. You put one foot in each bucket and "on average" the temperature should be just about right - but both feet are hurting!
So much for averages on unrelated things!
It seems like unsold used home inventory in my area peaked last September. It has been slowly disappearing. I kept some notes in a notepad file of used home inventories in realtor.com.
According to Webster's Dictionary:
Twit - 1. dim witted 2. bumpkin 3. hairbrain 4. Kendra Todd
Seeing is believing. Paste this link into your browser to see changes in the national inventory of unsold homes.
http://www.econbrowser.com/archives/2006/12/nhs_inv_recent_dec_06.gif
wish i had a bunch of sheeple shareholders to rip off, guess im just feeling envy!
Q: What do you say to a rich, successful woman executive with a law degree, an MBA, a double Phd with fame fortune and happiness thrown in too?
A: "Nice rack!"
Someone should ask Kendra which is worse losing half of the value of your $800,000 California house over five years ($6,667 per month) or half the value of your $240,000 Dallas house overnight?
The ho just needs to strip and get on with her real career.
"When the doomsday proponents get front page news. Thats the time to cash in on the bubble.."
To add more credibility to that statement, I just saw Henry Blodget on CNBS!
Yikes!
>> There is no such thing as a National Bubble.
Davidk, do you even know what a financial bubble is? Have you ever even bothered to read about or research the history of financial manias?
I didn't think so, you're just repeating what the NAR told you to say.
And you have the nerve to call out the conversation here "foolish chatter" when you fail to comprehend your own ignorance???
I'll tell you one thing - you may have no experience, but you're about to get some.
I remember she & fiance got beat up by some tow truck crew who had towed her Mercedes from a South Beach hot spot for wannabes. They both tried to attack the tow truck guys but got beat up in return, fat lip and everything. As you can see, she's very sophisticated.
unfortunatly economic sense means affordable, no debt, no lease ownership, and politicing to keep low tax, which does not exist today mostly $ denominated, in residential livabilities /
Keith, reading this now is pure comedy.
Kendra Todd came into my home to shoot a Pie Town Production show. She made me so sick that I wanted to shoot myself. She is the most arrogant, rude, ugly, obnisious person I have ever met.
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