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UCGal
Participant[quote=jpinpb]Now it all makes sense. Where is the money going to come from to pay for all these real estate bailouts? From real estate!
That almost seems fair. The taxpayers will pay for it, sure, but indirectly, and from the source of the problem.[/quote]
Good point!
Participant[quote=jpinpb]Now it all makes sense. Where is the money going to come from to pay for all these real estate bailouts? From real estate!
That almost seems fair. The taxpayers will pay for it, sure, but indirectly, and from the source of the problem.[/quote]
Good point!
August 31, 2009 at 2:49 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #451117ParticipantI would disagree with the comment that the wireless high tech jobs in San Diego have been unscathed… Talk to former Motorola employees, former Kyocera employees, former Nokia employees, former Broadcom employees. Even Qualcomm is rumored to be doing stealth layoffs – numbers low enough to not be on the radar.
Embedded.com just had an article talking about how the unemployment rate for EEs has doubled.
http://www.embedded.com/219401218?cid=NL_embeddedI think unemployment will be a factor. If only because I see coworkers with very large mortgages on their homes in CV and 4S, no savings reserves, who work for an employer who is still (according to 10Q filings) going to lay off thousands more by the end of the year. These friends will be hard pressed to keep paying their mortgage if they lose their job.
August 31, 2009 at 2:49 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #451310ParticipantI would disagree with the comment that the wireless high tech jobs in San Diego have been unscathed… Talk to former Motorola employees, former Kyocera employees, former Nokia employees, former Broadcom employees. Even Qualcomm is rumored to be doing stealth layoffs – numbers low enough to not be on the radar.
Embedded.com just had an article talking about how the unemployment rate for EEs has doubled.
http://www.embedded.com/219401218?cid=NL_embeddedI think unemployment will be a factor. If only because I see coworkers with very large mortgages on their homes in CV and 4S, no savings reserves, who work for an employer who is still (according to 10Q filings) going to lay off thousands more by the end of the year. These friends will be hard pressed to keep paying their mortgage if they lose their job.
August 31, 2009 at 2:49 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #451654ParticipantI would disagree with the comment that the wireless high tech jobs in San Diego have been unscathed… Talk to former Motorola employees, former Kyocera employees, former Nokia employees, former Broadcom employees. Even Qualcomm is rumored to be doing stealth layoffs – numbers low enough to not be on the radar.
Embedded.com just had an article talking about how the unemployment rate for EEs has doubled.
http://www.embedded.com/219401218?cid=NL_embeddedI think unemployment will be a factor. If only because I see coworkers with very large mortgages on their homes in CV and 4S, no savings reserves, who work for an employer who is still (according to 10Q filings) going to lay off thousands more by the end of the year. These friends will be hard pressed to keep paying their mortgage if they lose their job.
August 31, 2009 at 2:49 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #451728ParticipantI would disagree with the comment that the wireless high tech jobs in San Diego have been unscathed… Talk to former Motorola employees, former Kyocera employees, former Nokia employees, former Broadcom employees. Even Qualcomm is rumored to be doing stealth layoffs – numbers low enough to not be on the radar.
Embedded.com just had an article talking about how the unemployment rate for EEs has doubled.
http://www.embedded.com/219401218?cid=NL_embeddedI think unemployment will be a factor. If only because I see coworkers with very large mortgages on their homes in CV and 4S, no savings reserves, who work for an employer who is still (according to 10Q filings) going to lay off thousands more by the end of the year. These friends will be hard pressed to keep paying their mortgage if they lose their job.
August 31, 2009 at 2:49 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #451917ParticipantI would disagree with the comment that the wireless high tech jobs in San Diego have been unscathed… Talk to former Motorola employees, former Kyocera employees, former Nokia employees, former Broadcom employees. Even Qualcomm is rumored to be doing stealth layoffs – numbers low enough to not be on the radar.
Embedded.com just had an article talking about how the unemployment rate for EEs has doubled.
http://www.embedded.com/219401218?cid=NL_embeddedI think unemployment will be a factor. If only because I see coworkers with very large mortgages on their homes in CV and 4S, no savings reserves, who work for an employer who is still (according to 10Q filings) going to lay off thousands more by the end of the year. These friends will be hard pressed to keep paying their mortgage if they lose their job.
August 31, 2009 at 10:53 AM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451001ParticipantOnly 2% up for the year.
We have incredibly crappy choices. Even the bond funds make me very nervous since they appear to have a high exposure to residential and commercial mortgages. I wish we had choices of publicly traded mutual funds. Ugh.
Oh – and I recently pulled all but 16% back to the cash fund. I’m convinced we’re in for a big dogleg down.
Now, my self directed IRAs – I’m up about 18% for the year, and have fully recovered to the late 2007 levels. (I’ve also got a serious cash position on these, as of last week.)
August 31, 2009 at 10:53 AM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451194ParticipantOnly 2% up for the year.
We have incredibly crappy choices. Even the bond funds make me very nervous since they appear to have a high exposure to residential and commercial mortgages. I wish we had choices of publicly traded mutual funds. Ugh.
Oh – and I recently pulled all but 16% back to the cash fund. I’m convinced we’re in for a big dogleg down.
Now, my self directed IRAs – I’m up about 18% for the year, and have fully recovered to the late 2007 levels. (I’ve also got a serious cash position on these, as of last week.)
August 31, 2009 at 10:53 AM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451538ParticipantOnly 2% up for the year.
We have incredibly crappy choices. Even the bond funds make me very nervous since they appear to have a high exposure to residential and commercial mortgages. I wish we had choices of publicly traded mutual funds. Ugh.
Oh – and I recently pulled all but 16% back to the cash fund. I’m convinced we’re in for a big dogleg down.
Now, my self directed IRAs – I’m up about 18% for the year, and have fully recovered to the late 2007 levels. (I’ve also got a serious cash position on these, as of last week.)
August 31, 2009 at 10:53 AM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451610ParticipantOnly 2% up for the year.
We have incredibly crappy choices. Even the bond funds make me very nervous since they appear to have a high exposure to residential and commercial mortgages. I wish we had choices of publicly traded mutual funds. Ugh.
Oh – and I recently pulled all but 16% back to the cash fund. I’m convinced we’re in for a big dogleg down.
Now, my self directed IRAs – I’m up about 18% for the year, and have fully recovered to the late 2007 levels. (I’ve also got a serious cash position on these, as of last week.)
August 31, 2009 at 10:53 AM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451802ParticipantOnly 2% up for the year.
We have incredibly crappy choices. Even the bond funds make me very nervous since they appear to have a high exposure to residential and commercial mortgages. I wish we had choices of publicly traded mutual funds. Ugh.
Oh – and I recently pulled all but 16% back to the cash fund. I’m convinced we’re in for a big dogleg down.
Now, my self directed IRAs – I’m up about 18% for the year, and have fully recovered to the late 2007 levels. (I’ve also got a serious cash position on these, as of last week.)
ParticipantI disagree, Scaredy. If you pay off your mortgage, and manage your stuff… you can own a home and have mobility. The key is setting up your home for reduced maintenance – xeriscape the yard, etc…
And stuff – you can always get rid of stuff.. that doesn’t matter whether you own or not. Regular garage sales are good for the soul and wallet.
Heck – that’s our retirement plan – travel for 8 months of the year, do the home upkeep on the breaks at home. We’ve been working the house and yard to be as low maintenance so we’ll be ready for this.
ParticipantI disagree, Scaredy. If you pay off your mortgage, and manage your stuff… you can own a home and have mobility. The key is setting up your home for reduced maintenance – xeriscape the yard, etc…
And stuff – you can always get rid of stuff.. that doesn’t matter whether you own or not. Regular garage sales are good for the soul and wallet.
Heck – that’s our retirement plan – travel for 8 months of the year, do the home upkeep on the breaks at home. We’ve been working the house and yard to be as low maintenance so we’ll be ready for this.
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