Investing 102

[glassman]

Well said you guys.
Todd, I'm seeing the same thing here in the Bay Area, my main market being the East Bay (read, mostly middle management/engineer types, not the mega wealthy of the peninsula). Certain zip codes around here didn't go down proportionately to the average going down of other areas (read, mid to lower middle class) and those area continue to be strong in the real estate market. But i've only got a "bottom feeder" read on the real estate market (my glass company does a great deal of escrow transactions and i'm now doing glass/window inspections for people willing to pay for my reports).

Personally, i do not think this type of market (real estate) is sustainable, i can't see the masses and number of well paying jobs growing at the same rate as consumerism., But, thats just my opinion, i'm probably off 180*.

Like you said Greg, slow and steady investing is what "wins the race"...

Isn't investing, buy what you know? and since i know alot about housing, location, maintence, building, litigation etc, i should be focusing on buying REIT's or a duplex or fourplex or commercial property...But I don't, primarily cause i dont have the large capitol required in this market area., .in the mean time, i continue to save, maximize my pension contributions, moniter my Schwab accounts (minor stock investion) and buy down my mortage (fixed @ 2.75%, 10 years left)....