So you think that the all of the 200K plus individual (key distinction there) earners who bought 10 plus years ago in Carmel Valley won't be affected by what is happeing right??
Get Your Head Out Of Your A**!!!
Unless people here start waking up to the reality of what's going on in the macro environment you will be affected no matter if you are an FB or a died in the wool housing bear.
I don't think anyone is disagreeing with you that everyone will be somehow indirectly affected. But it's all relative to everyone else.
What's the fascinating with $200k households and hedge funds? The two don't compute in my book. A $200k or even $300k household income doesn't by itself give one access to hedge funds. There are other financial requirements to qualify, yes/no?
401k. So this is were I would go and say that a properly diversified portfolio shouldn't have an issue if part of your investment choices get wiped out.
Money market funds: Note to self. Move the last $3000 out of a GMAC demand note account into a FDIC insured bank.
