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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (25484)	11/29/2004 6:42:49 PM
From: Peter Joseph	Respond to of 306849

<< I'm pretty sure that no matter how old I become, I will never lose 50 percent of the money I put into my house. >> Spoken like a true realtor! Confidently stated only because the government has been actively encouraging currency debasement (aka inflation). Even, then, i have to remind you about Japan. Real estate out there has been down 75% or so in the last 14 years. This in spite of their government furiously printing & flooding out trillions of yen.

To: Tradelite who wrote (25484)	11/30/2004 1:08:56 AM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 306849

zipr... finance.yahoo.com

To: Tradelite who wrote (25484)	11/30/2004 3:10:01 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

RE:"I'm pretty sure that no matter how old I become, I will never lose 50 percent of the money I put into my house." Now that's a profound statement. Especially since you probably have about 20% of todays value invested in your house! So to go to 50% of what you have in it, it would have to drop to 1/5 of it's current price. I'd take that bet too! LOL

To: Tradelite who wrote (25484)	11/30/2004 5:01:50 AM
From: Amy J	Respond to of 306849

RE: "I put into Roth IRAs for both my sons " That's really great of you. I strongly believe parent's neglect financial training for children, by large and far. Your kids are very fortunate. Every parent at a minimum should at least inform their child about IRAs so at least the child can get started on it as soon as they wish. I started my first IRA after seeing an advertisement in the WSJ. This is something my Mom or Dad should have told me about, but didn't. (Granted they were probably too busy raising 8 children, but still, they could have at least mentioned it.) I'm the type that would have started saving in an IRA as a teenager and probably earlier since I started working at age 12, instead I didn't get started on my IRA until after my teenage years when I saw a WSJ ad about IRAs and was curious about what it was. Every year I max out on my 401k and also max out on my IRA - I do both 401k and IRA every year (even though my IRA isn't tax deductible, at least the gains aren't taxed.) Because we have what's called the Safe Harbor Act clause in our 401k plan at work, I can contribute around 85% of my gross salary into my 401k plan so it maxes out at the beginning of the year. When I save for my 401k during the first months of the year, my life style is extremely frugal like you wouldn't believe (but it gives me the confidence I can live on a lot less than what I make, which is a feeling I just want to always have for some reason), and then I celebrate a tad when the 401k is done and breath a sigh of relief - it also makes me appreciate my salary and works as an annual reminder to not let my lifestyle creep upward- it minimizes complacency in lifestyle habits. I will mail my Yr-2005 IRA check on the evening of Dec 31, 2004 (so it is mailed on the 1st but not before) for the 2005 year. I think this year it goes up to 4,000 for the IRA. Don't yet know what the 401k amount will be this year. Regards, Amy J