[San Diego RE Bear]

I would start with Fund 0030 – Vanguard Prime Money Market. It’s fairly safe (would probably be the last MMF to fail) and pays a decent interest rate. Later it will allow you to set up a Dollar Cost Averaging plan into a fund of your choice either with Vanguard or outside through their Brokerage Services. But you don’t have to do that yet – maybe wait for the DOW to hit a certain point before buying back in. (I’m looking for under 7,000 and think it may drop more but that’s when I’ll start buying.)

By all means fund the Roth – You don’t have to invest it now. And with 40 years to go even if you did you would be fine.

Good Luck!

[San Diego RE Bear]

I would start with Fund 0030 – Vanguard Prime Money Market. It’s fairly safe (would probably be the last MMF to fail) and pays a decent interest rate. Later it will allow you to set up a Dollar Cost Averaging plan into a fund of your choice either with Vanguard or outside through their Brokerage Services. But you don’t have to do that yet – maybe wait for the DOW to hit a certain point before buying back in. (I’m looking for under 7,000 and think it may drop more but that’s when I’ll start buying.)

By all means fund the Roth – You don’t have to invest it now. And with 40 years to go even if you did you would be fine.

Good Luck!

[San Diego RE Bear]

Hi Esmith:

You’re right, that house is gorgeous. I don’t have a lot of information on the home he is buying. I do know that it is totally custom and already about 15% less than recent (September/October) comps in the neighborhood. It’s a good deal (in an area comparison) right now and even if values fall 15% he’s fine. I’m just wondering how far people here think the area will fall over the next three years.

He may add more information later but for now thanks for the feedback – it is really helpful.

SD RE B

[San Diego RE Bear]

Hi Esmith:

You’re right, that house is gorgeous. I don’t have a lot of information on the home he is buying. I do know that it is totally custom and already about 15% less than recent (September/October) comps in the neighborhood. It’s a good deal (in an area comparison) right now and even if values fall 15% he’s fine. I’m just wondering how far people here think the area will fall over the next three years.

He may add more information later but for now thanks for the feedback – it is really helpful.

SD RE B

[San Diego RE Bear]

Hi Esmith:

You’re right, that house is gorgeous. I don’t have a lot of information on the home he is buying. I do know that it is totally custom and already about 15% less than recent (September/October) comps in the neighborhood. It’s a good deal (in an area comparison) right now and even if values fall 15% he’s fine. I’m just wondering how far people here think the area will fall over the next three years.

He may add more information later but for now thanks for the feedback – it is really helpful.

SD RE B

[San Diego RE Bear]

Hi Esmith:

You’re right, that house is gorgeous. I don’t have a lot of information on the home he is buying. I do know that it is totally custom and already about 15% less than recent (September/October) comps in the neighborhood. It’s a good deal (in an area comparison) right now and even if values fall 15% he’s fine. I’m just wondering how far people here think the area will fall over the next three years.

He may add more information later but for now thanks for the feedback – it is really helpful.

SD RE B

[San Diego RE Bear]

Hi Esmith:

You’re right, that house is gorgeous. I don’t have a lot of information on the home he is buying. I do know that it is totally custom and already about 15% less than recent (September/October) comps in the neighborhood. It’s a good deal (in an area comparison) right now and even if values fall 15% he’s fine. I’m just wondering how far people here think the area will fall over the next three years.

He may add more information later but for now thanks for the feedback – it is really helpful.

SD RE B

[San Diego RE Bear]

Thanks so much guys for the info – very helpful!!!

[San Diego RE Bear]

Thanks so much guys for the info – very helpful!!!

[San Diego RE Bear]

Thanks so much guys for the info – very helpful!!!

[San Diego RE Bear]

Thanks so much guys for the info – very helpful!!!

[San Diego RE Bear]

Thanks so much guys for the info – very helpful!!!

[San Diego RE Bear]

Michael Moore wrote:

“It has everything to do with it. This so-called “collapse” was triggered by the massive defaulting and foreclosures going on with people’s home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it’s because too many working class idiots were given mortgages that they really couldn’t afford. Here’s the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage “crisis” may never have happened.”

I am sorry but what a moron pushing a clear agenda. He thinks that buying homes at ten times income is ok, but the massive foreclosures are happening in California (and elsewhere) because all those people got sick and had no health insurance? Very few of the people walking away from their homes are filing bankruptcy. His argument is flawed at best, corrupt at worst. Talk about twisting facts to fit an agenda. I don’t disagree with everything he says, but I have far less respect for him after reading what started so well and ended so badly.

[San Diego RE Bear]

Michael Moore wrote:

“It has everything to do with it. This so-called “collapse” was triggered by the massive defaulting and foreclosures going on with people’s home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it’s because too many working class idiots were given mortgages that they really couldn’t afford. Here’s the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage “crisis” may never have happened.”

I am sorry but what a moron pushing a clear agenda. He thinks that buying homes at ten times income is ok, but the massive foreclosures are happening in California (and elsewhere) because all those people got sick and had no health insurance? Very few of the people walking away from their homes are filing bankruptcy. His argument is flawed at best, corrupt at worst. Talk about twisting facts to fit an agenda. I don’t disagree with everything he says, but I have far less respect for him after reading what started so well and ended so badly.

[San Diego RE Bear]

Michael Moore wrote:

“It has everything to do with it. This so-called “collapse” was triggered by the massive defaulting and foreclosures going on with people’s home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it’s because too many working class idiots were given mortgages that they really couldn’t afford. Here’s the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage “crisis” may never have happened.”

I am sorry but what a moron pushing a clear agenda. He thinks that buying homes at ten times income is ok, but the massive foreclosures are happening in California (and elsewhere) because all those people got sick and had no health insurance? Very few of the people walking away from their homes are filing bankruptcy. His argument is flawed at best, corrupt at worst. Talk about twisting facts to fit an agenda. I don’t disagree with everything he says, but I have far less respect for him after reading what started so well and ended so badly.

[Author]

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