- This topic has 73 replies, 16 voices, and was last updated 17 years, 3 months ago by Navydoc.
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August 6, 2007 at 4:03 PM #71181August 6, 2007 at 4:03 PM #71065CarlsbadlivingParticipant
Thanks for the help. I’ll be contacting my broker tomorrow to get more info on my particular money market fund.
August 6, 2007 at 4:41 PM #71080CMcGParticipantSame here.
Thanks for the info, Andy.
August 6, 2007 at 4:41 PM #71197CMcGParticipantSame here.
Thanks for the info, Andy.
August 6, 2007 at 4:41 PM #71199CMcGParticipantSame here.
Thanks for the info, Andy.
August 6, 2007 at 5:26 PM #71095SD RealtorParticipantYep that is something that most people never seem to grasp. I bet that out of everyone here that has cash in a moneymarket, about 0% of us actually know what investments that moneymarket is composed of. Myself included. By the nature of the return the moneymarket gives, there must be some components of every moneymarket fund that is riskier and some that are not risky at all.
If you want to find out exactly what composition your money market has, call your provider and ask. While money markets are low risk, they are not FDIC insured.
I would agree with Andy, the level of exposure is probably small… each institution has a different composure.
SD Realtor
August 6, 2007 at 5:26 PM #71211SD RealtorParticipantYep that is something that most people never seem to grasp. I bet that out of everyone here that has cash in a moneymarket, about 0% of us actually know what investments that moneymarket is composed of. Myself included. By the nature of the return the moneymarket gives, there must be some components of every moneymarket fund that is riskier and some that are not risky at all.
If you want to find out exactly what composition your money market has, call your provider and ask. While money markets are low risk, they are not FDIC insured.
I would agree with Andy, the level of exposure is probably small… each institution has a different composure.
SD Realtor
August 6, 2007 at 5:26 PM #71215SD RealtorParticipantYep that is something that most people never seem to grasp. I bet that out of everyone here that has cash in a moneymarket, about 0% of us actually know what investments that moneymarket is composed of. Myself included. By the nature of the return the moneymarket gives, there must be some components of every moneymarket fund that is riskier and some that are not risky at all.
If you want to find out exactly what composition your money market has, call your provider and ask. While money markets are low risk, they are not FDIC insured.
I would agree with Andy, the level of exposure is probably small… each institution has a different composure.
SD Realtor
August 6, 2007 at 5:29 PM #71098fromnjParticipantHi Navydoc
I have been watching the market in 92127, 92129 zip codes for about past 6 months, and the inventory increased quite a lot, but failed to see any significant price reduction yet. I am still wondering when I can actually see the real price reduction (20-40%) that many people are talking about in this blog. I want to see 40% price reduction personally, but it looks like very unrealistic in short term.
I agree that there are too many million dollar homes, and they do not look like a million dollar home at all.
August 6, 2007 at 5:29 PM #71214fromnjParticipantHi Navydoc
I have been watching the market in 92127, 92129 zip codes for about past 6 months, and the inventory increased quite a lot, but failed to see any significant price reduction yet. I am still wondering when I can actually see the real price reduction (20-40%) that many people are talking about in this blog. I want to see 40% price reduction personally, but it looks like very unrealistic in short term.
I agree that there are too many million dollar homes, and they do not look like a million dollar home at all.
August 6, 2007 at 5:29 PM #71218fromnjParticipantHi Navydoc
I have been watching the market in 92127, 92129 zip codes for about past 6 months, and the inventory increased quite a lot, but failed to see any significant price reduction yet. I am still wondering when I can actually see the real price reduction (20-40%) that many people are talking about in this blog. I want to see 40% price reduction personally, but it looks like very unrealistic in short term.
I agree that there are too many million dollar homes, and they do not look like a million dollar home at all.
August 7, 2007 at 9:05 AM #71253NavydocParticipantI’ve been watching them too, and I have a lot of family that lives in that area, some with multiple properties. I agree the prices havn’t fallen to the levels you describe yet, but I can’t see how this situation can continue. There simply aren’t enough jobs out there that pay at the level to sustain these prices without exotic financing.
I wonder how much I can sublet one of my spare (rented!) bedrooms if one of my family loses their home(s)?
August 7, 2007 at 9:05 AM #71366NavydocParticipantI’ve been watching them too, and I have a lot of family that lives in that area, some with multiple properties. I agree the prices havn’t fallen to the levels you describe yet, but I can’t see how this situation can continue. There simply aren’t enough jobs out there that pay at the level to sustain these prices without exotic financing.
I wonder how much I can sublet one of my spare (rented!) bedrooms if one of my family loses their home(s)?
August 7, 2007 at 9:05 AM #71372NavydocParticipantI’ve been watching them too, and I have a lot of family that lives in that area, some with multiple properties. I agree the prices havn’t fallen to the levels you describe yet, but I can’t see how this situation can continue. There simply aren’t enough jobs out there that pay at the level to sustain these prices without exotic financing.
I wonder how much I can sublet one of my spare (rented!) bedrooms if one of my family loses their home(s)?
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