Logan Mohtashami vs Jim Cramer (2011 housing call)

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AN INVITATION FOR MR CRAMER President Obama had his “Beer Summit.” I would like to offer Jim Cramer of CNBC's Mad Money, a “Philly Cheese Steak Sandwich Summit” ! Jim Cramer, of CNBC ‘s Mad Money , was visibly upset by gloomy real estate bears who had predicted a dismal 2010. Now that the actual year over year increase in home prices of 0.3 per cent has been published, Cramer wants the bears to be held accountable and to issue apologies to the American people for their doom and gloom prognosis. Will they? Would he? Would I? At the beginning of 2010 I was yet to be published, though my colleagues would vouch that I predicted the market would be up 2% or down 2%. I thought the billions of dollars poured in the market to get rates super low would spur some home buying. I also thought the tax credit would give a short-term boost to home purchases. However there is not a public record of me having said so. Therefore, I cannot answer Mr. Jim Cramer's challenge for this year. Going forward , however, my positions and predictions are and will be public record. Therefore, I challenge Mr Cramer, gentleman to gentleman, to compare our predictions for this coming year at the end of 2011. He has stated his in an emotionally charged display last week. I have stated mine on Benzinga.com with my 2011 predictions article. I predicted a 3-7% decline in home prices for 2011. If I am wrong, I will gladly buy Mr Cramer a Philly Steak Sandwich and publicly apologize in an article to Mr Cramer and the American people for a bad forecast. If I am right, and Mr Cramer is wrong, he should do the same. I look forward to the first bite!
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