[barnaby33]

The problem with that theory is that you don’t stick with health insurance, unless its an individual policy. As you change employers you change policies. Going forward they are going to be more and more expensive and cover less and less.

If you have a family you are probably still better off sticking with the group policy but for those who are healthy, young or both, an individual catastrophic policy sounds like a better long term gamble. Its in the short term (while your HSA account is compounding that you run higher risk.)

Josh

[barnaby33]

The problem with that theory is that you don’t stick with health insurance, unless its an individual policy. As you change employers you change policies. Going forward they are going to be more and more expensive and cover less and less.

If you have a family you are probably still better off sticking with the group policy but for those who are healthy, young or both, an individual catastrophic policy sounds like a better long term gamble. Its in the short term (while your HSA account is compounding that you run higher risk.)

Josh

[barnaby33]

The problem with that theory is that you don’t stick with health insurance, unless its an individual policy. As you change employers you change policies. Going forward they are going to be more and more expensive and cover less and less.

If you have a family you are probably still better off sticking with the group policy but for those who are healthy, young or both, an individual catastrophic policy sounds like a better long term gamble. Its in the short term (while your HSA account is compounding that you run higher risk.)

Josh

[barnaby33]

Rent Slicer
Josh

[barnaby33]

Rent Slicer
Josh

[barnaby33]

Rent Slicer
Josh

[barnaby33]

Rent Slicer
Josh

[barnaby33]

Rent Slicer
Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

Just up there last weekend, went to a couple of open houses, talked to the realtors. Prices east of the 5 have already come down a bit. One realtor confided that she put someone in a townhome in her development for 200+k less than her own home cost. Not what it was worth, what it cost her in 05 I think.

The second realtor I talked to mused out loud whether she should sell her DM rental properties as they were on 5 year ARMS. I didn’t choke or anything, I just said yep, you’ve got about a year.

Del Mar will come down, just like every place else. It was just as nice in the last downturn as it is this time. Availability of credit will kill it. Yes there are all cash buyers. Yep there are even people who are immune to the downturn, but not enough. Not every place in Del Mar is a Taj Mahal. Lots of little condos and town-homes and 1920’s bungalows.

The window of opportunity will probably be smallest there, since it is close to jobs, but if Del Mar is going to defy economic gravity I’ll be just as happy in Mission Hills.

Josh

[barnaby33]

Just up there last weekend, went to a couple of open houses, talked to the realtors. Prices east of the 5 have already come down a bit. One realtor confided that she put someone in a townhome in her development for 200+k less than her own home cost. Not what it was worth, what it cost her in 05 I think.

The second realtor I talked to mused out loud whether she should sell her DM rental properties as they were on 5 year ARMS. I didn’t choke or anything, I just said yep, you’ve got about a year.

Del Mar will come down, just like every place else. It was just as nice in the last downturn as it is this time. Availability of credit will kill it. Yes there are all cash buyers. Yep there are even people who are immune to the downturn, but not enough. Not every place in Del Mar is a Taj Mahal. Lots of little condos and town-homes and 1920’s bungalows.

The window of opportunity will probably be smallest there, since it is close to jobs, but if Del Mar is going to defy economic gravity I’ll be just as happy in Mission Hills.

Josh

[Author]

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