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

To: Skeeter Bug who wrote (196904)	4/19/2009 1:50:22 PM
From: TH	Read Replies (1) \| Respond to of 306849

SB, Good comments on the IRA. I'll have to consider that, but honestly I never thought I would live to see the actual age of retirement. I have three retirement accounts (from different companies and a locked pension I can do NOTHING with). I don't even consider them real. They are just something I'll leave to my sister or niece. You are really thinking maybe four years until the bottom? I'm not as sure, but I'm not an expert on real estate or the West Coast. My basic thought is everything is faster now, so when the bottom arrives it will be of shorter duration. Lots of crazy people want to live on the West Side, so there will always be something of a market there. It is really a matter of price. Of course if the most bearish projections play out, the decline could be much longer than I expect. One major advantage for my situation is that I actually plan to live there, so this is not a speculative investment. If and when my Michigan home sells (not even on the market yet), I'll have the luxury of taking my time and buying when the market offers me compelling value. I don't have to hit the rock bottom, but rather something fair and priced at a sound price relative to income in the area. Thanks TH