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January 17, 2008 at 10:10 PM in reply to: Dow flirting with 12,000 – the market has everyone’s attention… #137809January 17, 2008 at 10:10 PM in reply to: Dow flirting with 12,000 – the market has everyone’s attention… #138014
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ParticipantYeah, but they won’t all retire and cash out simulatneously. Once that equity is gone, they’ll have to keep working to pay for their (fill in ubiquitous symbol of over consumption here).
My 401k and meager international funds are getting hit, but I’m hoping for a long run gain. We’ll see though. Our 401k stuffed suit said our 401k manager expected 14,500 by end of ’07, and this was I think back before it hit 14,100. I laughed then, and I knew at 14,100 it wouldn’t hit 14,500, but I must admit I don’t think I would have 11,000 here we come…
It’ll turn around, but in a month or year? Who knows.
January 17, 2008 at 10:10 PM in reply to: Dow flirting with 12,000 – the market has everyone’s attention… #138041ParticipantYeah, but they won’t all retire and cash out simulatneously. Once that equity is gone, they’ll have to keep working to pay for their (fill in ubiquitous symbol of over consumption here).
My 401k and meager international funds are getting hit, but I’m hoping for a long run gain. We’ll see though. Our 401k stuffed suit said our 401k manager expected 14,500 by end of ’07, and this was I think back before it hit 14,100. I laughed then, and I knew at 14,100 it wouldn’t hit 14,500, but I must admit I don’t think I would have 11,000 here we come…
It’ll turn around, but in a month or year? Who knows.
January 17, 2008 at 10:10 PM in reply to: Dow flirting with 12,000 – the market has everyone’s attention… #138068ParticipantYeah, but they won’t all retire and cash out simulatneously. Once that equity is gone, they’ll have to keep working to pay for their (fill in ubiquitous symbol of over consumption here).
My 401k and meager international funds are getting hit, but I’m hoping for a long run gain. We’ll see though. Our 401k stuffed suit said our 401k manager expected 14,500 by end of ’07, and this was I think back before it hit 14,100. I laughed then, and I knew at 14,100 it wouldn’t hit 14,500, but I must admit I don’t think I would have 11,000 here we come…
It’ll turn around, but in a month or year? Who knows.
January 17, 2008 at 10:10 PM in reply to: Dow flirting with 12,000 – the market has everyone’s attention… #138111ParticipantYeah, but they won’t all retire and cash out simulatneously. Once that equity is gone, they’ll have to keep working to pay for their (fill in ubiquitous symbol of over consumption here).
My 401k and meager international funds are getting hit, but I’m hoping for a long run gain. We’ll see though. Our 401k stuffed suit said our 401k manager expected 14,500 by end of ’07, and this was I think back before it hit 14,100. I laughed then, and I knew at 14,100 it wouldn’t hit 14,500, but I must admit I don’t think I would have 11,000 here we come…
It’ll turn around, but in a month or year? Who knows.
ParticipantI don’t have any subscriptions but what I’ve had luck with at least in my area is going to Yahoo Real Esate and finding the foreclosures by street. They used to give the address, but I don’t think you’ll find it anymore, just a description. Take the info (sqaure feet, # of Br, Ba) to Zillow and find the same street and you may find it.
In a tract it may be more difficult because more homes will be the same size. It may also be hard if there are several hundred homes on one street, but I’ve been able to find some doing this.
ParticipantI don’t have any subscriptions but what I’ve had luck with at least in my area is going to Yahoo Real Esate and finding the foreclosures by street. They used to give the address, but I don’t think you’ll find it anymore, just a description. Take the info (sqaure feet, # of Br, Ba) to Zillow and find the same street and you may find it.
In a tract it may be more difficult because more homes will be the same size. It may also be hard if there are several hundred homes on one street, but I’ve been able to find some doing this.
ParticipantI don’t have any subscriptions but what I’ve had luck with at least in my area is going to Yahoo Real Esate and finding the foreclosures by street. They used to give the address, but I don’t think you’ll find it anymore, just a description. Take the info (sqaure feet, # of Br, Ba) to Zillow and find the same street and you may find it.
In a tract it may be more difficult because more homes will be the same size. It may also be hard if there are several hundred homes on one street, but I’ve been able to find some doing this.
ParticipantI don’t have any subscriptions but what I’ve had luck with at least in my area is going to Yahoo Real Esate and finding the foreclosures by street. They used to give the address, but I don’t think you’ll find it anymore, just a description. Take the info (sqaure feet, # of Br, Ba) to Zillow and find the same street and you may find it.
In a tract it may be more difficult because more homes will be the same size. It may also be hard if there are several hundred homes on one street, but I’ve been able to find some doing this.
ParticipantI don’t have any subscriptions but what I’ve had luck with at least in my area is going to Yahoo Real Esate and finding the foreclosures by street. They used to give the address, but I don’t think you’ll find it anymore, just a description. Take the info (sqaure feet, # of Br, Ba) to Zillow and find the same street and you may find it.
In a tract it may be more difficult because more homes will be the same size. It may also be hard if there are several hundred homes on one street, but I’ve been able to find some doing this.
ParticipantI read an article in the LA Times today on CA political morons calling for legislation to prevent sub-prime borrowers from facing foreclosure.
I love it – these people shouldn’t be in homes they can’t afford, lied about the money they make, didn’t read loan docs, or refied and lived lavishly and we want to make sure they stay in their homes thereby artificially propping up inflated values, with no regard to future generations who will want to someday buy.
One suggestion was to give 120 days notice on interest rate and payments there were to reset.
Hmmmm…you bought a house with a 3 Year Fixed ADJUSTABLE RATE MORTGAGE. Isn’t 13,140 days enough notice?
These people never cease to amaze me.
For those who wonder when the bottom will come, it will be when idiots like these realize that prices are inflated way too high, that THAT is the problem with our economy, that access to more debt is not a solution, and that a 50% price drop is a return to NORMAL levels.
Until then they will exascerbate the problem with “solutions” like these.
ParticipantI read an article in the LA Times today on CA political morons calling for legislation to prevent sub-prime borrowers from facing foreclosure.
I love it – these people shouldn’t be in homes they can’t afford, lied about the money they make, didn’t read loan docs, or refied and lived lavishly and we want to make sure they stay in their homes thereby artificially propping up inflated values, with no regard to future generations who will want to someday buy.
One suggestion was to give 120 days notice on interest rate and payments there were to reset.
Hmmmm…you bought a house with a 3 Year Fixed ADJUSTABLE RATE MORTGAGE. Isn’t 13,140 days enough notice?
These people never cease to amaze me.
For those who wonder when the bottom will come, it will be when idiots like these realize that prices are inflated way too high, that THAT is the problem with our economy, that access to more debt is not a solution, and that a 50% price drop is a return to NORMAL levels.
Until then they will exascerbate the problem with “solutions” like these.
ParticipantI read an article in the LA Times today on CA political morons calling for legislation to prevent sub-prime borrowers from facing foreclosure.
I love it – these people shouldn’t be in homes they can’t afford, lied about the money they make, didn’t read loan docs, or refied and lived lavishly and we want to make sure they stay in their homes thereby artificially propping up inflated values, with no regard to future generations who will want to someday buy.
One suggestion was to give 120 days notice on interest rate and payments there were to reset.
Hmmmm…you bought a house with a 3 Year Fixed ADJUSTABLE RATE MORTGAGE. Isn’t 13,140 days enough notice?
These people never cease to amaze me.
For those who wonder when the bottom will come, it will be when idiots like these realize that prices are inflated way too high, that THAT is the problem with our economy, that access to more debt is not a solution, and that a 50% price drop is a return to NORMAL levels.
Until then they will exascerbate the problem with “solutions” like these.
ParticipantI read an article in the LA Times today on CA political morons calling for legislation to prevent sub-prime borrowers from facing foreclosure.
I love it – these people shouldn’t be in homes they can’t afford, lied about the money they make, didn’t read loan docs, or refied and lived lavishly and we want to make sure they stay in their homes thereby artificially propping up inflated values, with no regard to future generations who will want to someday buy.
One suggestion was to give 120 days notice on interest rate and payments there were to reset.
Hmmmm…you bought a house with a 3 Year Fixed ADJUSTABLE RATE MORTGAGE. Isn’t 13,140 days enough notice?
These people never cease to amaze me.
For those who wonder when the bottom will come, it will be when idiots like these realize that prices are inflated way too high, that THAT is the problem with our economy, that access to more debt is not a solution, and that a 50% price drop is a return to NORMAL levels.
Until then they will exascerbate the problem with “solutions” like these.
ParticipantI read an article in the LA Times today on CA political morons calling for legislation to prevent sub-prime borrowers from facing foreclosure.
I love it – these people shouldn’t be in homes they can’t afford, lied about the money they make, didn’t read loan docs, or refied and lived lavishly and we want to make sure they stay in their homes thereby artificially propping up inflated values, with no regard to future generations who will want to someday buy.
One suggestion was to give 120 days notice on interest rate and payments there were to reset.
Hmmmm…you bought a house with a 3 Year Fixed ADJUSTABLE RATE MORTGAGE. Isn’t 13,140 days enough notice?
These people never cease to amaze me.
For those who wonder when the bottom will come, it will be when idiots like these realize that prices are inflated way too high, that THAT is the problem with our economy, that access to more debt is not a solution, and that a 50% price drop is a return to NORMAL levels.
Until then they will exascerbate the problem with “solutions” like these.
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