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Preview: Comments on: This Is Not The Market For Unrealistic Sellers

Comments on: This Is Not The Market For Unrealistic Sellers



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Wed, 17 Jan 2018 16:07:47 +0000

 



By: technovelist

Thu, 16 Aug 2007 04:24:07 +0000

I've borrowed out almost half of my 401k money so I could put it in something relatively safe. No tax consequence, as long as I pay it back if I get laid off.



By: Wheatie

Thu, 16 Aug 2007 01:33:44 +0000

CASH!!! Get as close to cash as you can such as short-term Treasuries. Avoid ALL commercial paper like the plague. The spread between guv and com paper will rocket. Even overnight paper could collapse with the commercials. DO NOT GO INTERNATIONAL in my opinion - foreigners are the last to jump on board before major market moves. This bear market is not going to be the USA, but global. Do you want your money stuck in Russia or China because some mutual fund is as screwed as Bear Stearns, Goldman Sachs, etc. have been lately?



By: flatffplan

Thu, 16 Aug 2007 00:56:41 +0000

my county is spending 15 million on bus tracking as they announce budget shortfalls = schizo they could chop heads by 50% and no one would know



By: skooch

Thu, 16 Aug 2007 00:31:20 +0000

Alas, Dow 13K, we hardly knew 'ye.



By: skooch

Thu, 16 Aug 2007 00:28:18 +0000

Old Deb wasn't a math major, I guess ... if we're on our way up, then we have hit bottom already.



By: DrChaos

Wed, 15 Aug 2007 23:49:34 +0000

And interest on US treasuries is not taxable by States. if you're in a high state tax bracket, it might be worth it. Then again, you can just buy auction t-bills directly for no cost at TreasuryDirect or Fidelity. Almost a money market fund with 0.0% expense ratio.



By: Margaret Jones

Wed, 15 Aug 2007 23:48:02 +0000

The 70's weren't a lot of fun. We had a $150 a month house payment that was hard to make. We paid $15,000 for the house. I don't remmeber the interest rate. Selling it two years later was a good move. We own now-my grandmother-in-law's house. We owe about $20,00 on the equity line we took out to do repairs, and are paying it off as fast as possible.



By: mossypete

Wed, 15 Aug 2007 23:46:00 +0000

I also have a prudential managed 401K - Just dumped all of my holdings (in euro and developing mkt investments ((12%+gain in the last 6 months)) for the money mkt fund - taking a breather for the next few months. According to the prospectus the MM fund invests in short term govt paper - no mtg's as far I can tell. I've been following what would have happened to my investments had I not made the changes - down 6% or so in the last 2 weeks



By: DR

Wed, 15 Aug 2007 23:45:40 +0000

http://www.sltrib.com/realestate/ci_6429410 I currently live in NOrthern Utah. The market has turned a bit pricey here and I believe it is currently a buyers market as inventory for sale has almost doubled from last year. I would rent for a while and find what areas you really want to live in. The Weber county area in not pricey like the metro SLC area.



By: Malibucreek

Wed, 15 Aug 2007 23:16:45 +0000

As a former newspaper reporter, I should fess us that *often* reporters know that quotes are BS, but we include them to allow those sources to light their credibility on fire with their own words. And to give smart readers a chuckle, too.



By: DavidD

Wed, 15 Aug 2007 23:13:03 +0000

I agree shel. I use a no-fee Amex card for most purchases, no matter how little the amount. Last year my rebate check was over $600



By: Lostcontrol

Wed, 15 Aug 2007 23:04:37 +0000

sorry about that last posting...what was I thinking...