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sdnerd
ParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
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Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
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In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“sdnerd
ParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“sdnerd
ParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“sdnerd
ParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“sdnerd
ParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“sdnerd
ParticipantNowhere did I compare MM to South Central; those are your words. Of course it’s not, that’s an absurd comparison.
That however does not dismiss the fact that MM has had a history of gang problems.
MM is not a bad area, and there are nice communities in it. And as you said, the schools on the Western side do rank higher.
The simple fact remains, the schools are better in CV. And the school district as a whole is significantly stronger.
That IMHO will justify higher demand, and a price premium. How much of one; debatable. Throw in newer, nicer, safer neighborhoods and that premium goes up as well.
Just my .02.
sdnerd
ParticipantNowhere did I compare MM to South Central; those are your words. Of course it’s not, that’s an absurd comparison.
That however does not dismiss the fact that MM has had a history of gang problems.
MM is not a bad area, and there are nice communities in it. And as you said, the schools on the Western side do rank higher.
The simple fact remains, the schools are better in CV. And the school district as a whole is significantly stronger.
That IMHO will justify higher demand, and a price premium. How much of one; debatable. Throw in newer, nicer, safer neighborhoods and that premium goes up as well.
Just my .02.
sdnerd
ParticipantNowhere did I compare MM to South Central; those are your words. Of course it’s not, that’s an absurd comparison.
That however does not dismiss the fact that MM has had a history of gang problems.
MM is not a bad area, and there are nice communities in it. And as you said, the schools on the Western side do rank higher.
The simple fact remains, the schools are better in CV. And the school district as a whole is significantly stronger.
That IMHO will justify higher demand, and a price premium. How much of one; debatable. Throw in newer, nicer, safer neighborhoods and that premium goes up as well.
Just my .02.
sdnerd
ParticipantNowhere did I compare MM to South Central; those are your words. Of course it’s not, that’s an absurd comparison.
That however does not dismiss the fact that MM has had a history of gang problems.
MM is not a bad area, and there are nice communities in it. And as you said, the schools on the Western side do rank higher.
The simple fact remains, the schools are better in CV. And the school district as a whole is significantly stronger.
That IMHO will justify higher demand, and a price premium. How much of one; debatable. Throw in newer, nicer, safer neighborhoods and that premium goes up as well.
Just my .02.
sdnerd
ParticipantNowhere did I compare MM to South Central; those are your words. Of course it’s not, that’s an absurd comparison.
That however does not dismiss the fact that MM has had a history of gang problems.
MM is not a bad area, and there are nice communities in it. And as you said, the schools on the Western side do rank higher.
The simple fact remains, the schools are better in CV. And the school district as a whole is significantly stronger.
That IMHO will justify higher demand, and a price premium. How much of one; debatable. Throw in newer, nicer, safer neighborhoods and that premium goes up as well.
Just my .02.
sdnerd
ParticipantHere’s some more data that I believe help explains a price premium:
Crime Rates per 1,000 Population for 2005.
http://www.sandiego.gov/police/pdf/ratesjandec2005.pdf
MURDER,RAPE,TOTAL VIOLENT,TOTAL PROPERTY
Carmel Valley:
0.00,0.06,0.76,19.14
Mira Mesa:
0.07,0.14,2.56,22.40
You can also look up school rankings, the San Dieguito Union High District (Torrey Pines, Carmel Valley Middle, Canyon Crest) all receive the highest rankings. As do all the schools in the Del Mar Union Elementary District (Carmel Del Mar, Torrey Hills, etc).
The San Diego Unified District is much more of a mixed bag, with some good, some okay, and some where I really wouldn’t want my kids to go to school.
http://school-ratings.com/cities/San_Diego.html
You can also do the same type of comparisons for Scripps Ranch, etc and it’s surrounding areas to see similar results.
sdnerd
ParticipantHere’s some more data that I believe help explains a price premium:
Crime Rates per 1,000 Population for 2005.
http://www.sandiego.gov/police/pdf/ratesjandec2005.pdf
MURDER,RAPE,TOTAL VIOLENT,TOTAL PROPERTY
Carmel Valley:
0.00,0.06,0.76,19.14
Mira Mesa:
0.07,0.14,2.56,22.40
You can also look up school rankings, the San Dieguito Union High District (Torrey Pines, Carmel Valley Middle, Canyon Crest) all receive the highest rankings. As do all the schools in the Del Mar Union Elementary District (Carmel Del Mar, Torrey Hills, etc).
The San Diego Unified District is much more of a mixed bag, with some good, some okay, and some where I really wouldn’t want my kids to go to school.
http://school-ratings.com/cities/San_Diego.html
You can also do the same type of comparisons for Scripps Ranch, etc and it’s surrounding areas to see similar results.
sdnerd
ParticipantHere’s some more data that I believe help explains a price premium:
Crime Rates per 1,000 Population for 2005.
http://www.sandiego.gov/police/pdf/ratesjandec2005.pdf
MURDER,RAPE,TOTAL VIOLENT,TOTAL PROPERTY
Carmel Valley:
0.00,0.06,0.76,19.14
Mira Mesa:
0.07,0.14,2.56,22.40
You can also look up school rankings, the San Dieguito Union High District (Torrey Pines, Carmel Valley Middle, Canyon Crest) all receive the highest rankings. As do all the schools in the Del Mar Union Elementary District (Carmel Del Mar, Torrey Hills, etc).
The San Diego Unified District is much more of a mixed bag, with some good, some okay, and some where I really wouldn’t want my kids to go to school.
http://school-ratings.com/cities/San_Diego.html
You can also do the same type of comparisons for Scripps Ranch, etc and it’s surrounding areas to see similar results.
sdnerd
ParticipantHere’s some more data that I believe help explains a price premium:
Crime Rates per 1,000 Population for 2005.
http://www.sandiego.gov/police/pdf/ratesjandec2005.pdf
MURDER,RAPE,TOTAL VIOLENT,TOTAL PROPERTY
Carmel Valley:
0.00,0.06,0.76,19.14
Mira Mesa:
0.07,0.14,2.56,22.40
You can also look up school rankings, the San Dieguito Union High District (Torrey Pines, Carmel Valley Middle, Canyon Crest) all receive the highest rankings. As do all the schools in the Del Mar Union Elementary District (Carmel Del Mar, Torrey Hills, etc).
The San Diego Unified District is much more of a mixed bag, with some good, some okay, and some where I really wouldn’t want my kids to go to school.
http://school-ratings.com/cities/San_Diego.html
You can also do the same type of comparisons for Scripps Ranch, etc and it’s surrounding areas to see similar results.
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