I’m following the San Diego market and the Honolulu market. Both are still to rich for my blood, though this might be the bottom. I don’t know (who does??). I’m staying put, unless things take another leg down. If I were thinking of making a purchase for my primary residence, I would likely jump in now, but that’s not the case.[/quote]
Thanks to all of you for you input. I could definitely borrow half, which was an option, but something I decided against. Part of the money was in a SEP IRA and I was told I could not borrow against.
Sdduuude, I pulled the money out of the retirement umbrella and will be responsible for the taxes. I can stretch the entire amount for a bit of time if there are any short term investments and then pay the taxes.
Daniel, I don’t think we had the type of inventory issues in the 90’s we currently have so I wouldn’t hesitate to say the market has a long way to go. That said, inflation may play a role in this as well. I wish I could slightly predict where things are going, but unfortunately I can’t.
Mercedes to answer your question, I am a real estate investor and work in the alternative energy realm in CA and NV. I am working with some larger European solar companies looking for potential solar plays, so chances are this is where my money will go.
I am not a 9 to 5er, I am entrepreneur and sort bust my tail trying to make things happen. I would define myself as a conservative, all in kind of guy (if that makes sense). I make investment assessments with my own risk factors, if I like what I see I am all in. Sort of like poker :).
I guess if I pulled the cash out with no definitive purpose that could easily be considered a bad move, but I do have some direction and believe I can do well with the cash in this current market.
