Investing 102

[Vegas69]

I'm along the same line of thinking. It seems that it will get worse before it gets better. The tone of the real estate market has certainly changed.

[glassman]

my guess is we'll see a correction into the Dow mid to high 29's and everything adjusts across the board equilaterally, re: RE, Stock, business etc...

We are slammed at work, but it ain't gonna last for ever.

Real estate is Bat Sh!t crazy in the Bay Area, its 65% (just my house) of my gross worth. Its only a "found" asset if I decide to do anything with it. I'm not taking any equities out to invest in any other real estate at this time....

It'll adjust, just try to keep everyone aware to keep their overhead minimal....

[WSSix]

Sitting by waiting for the storm to pass for the most part. I'm taking bites here and there though when it makes sense and brings my cost average down. My 401k's I haven't slowed down on once bit since those are on autopilot. Fun times!

[slimjim]

Originally Posted by srode1

I think the bottom is a ways off yet, probably the 3rd quarter 2022. Not trying to catch this falling knife but I am starting to think about choices when the bottom becomes more apparent. Timing the market is a fools game but in this case I'm going to play the fool with my play money and hold off for a while.

Let's hope you're right, the big reports this week could help slingshot us back in the right direction, or...

[SSLance]

Still just treading water here as well. I took about a 10% dip off my highs but it's come back a couple points in the last week or so.

My main shocker was Target about a month ago but I still believe in them and haven't sold any.

Meanwhile the divvies keep rolling in and reinvesting dollar cost averaging the rest of my shares down.

[Panteracer]

Like Glassman says the Bay Area housing is crazy
It cooled slightly but I had two neighbors catch the wave
One sold for $900k over asking the other saw it and sold his
the next week for $600k over asking. I thought the Zoom kid
next door paid too much 1 1/2 years ago.. he almost doubled in
that time.... but those prices were at the top in fantasy land
out here. I bought 20 years ago so the tax man would kill me
if I left and where would I go?

Bob

[WSSix]

Oh, I'm down waaaay more than 10%. If that's all you're down, Lance, great job! I'm still just sitting by waiting for times to dip in when it's good. I'm still concerned we haven't seen the bottom. I'll keep dripping until then though.

[Vegas69]

Housing prices are down 3.1% in Vegas from June to July. That's one of the biggest in history including the great recession. And it's probably just getting started.

[srode1]

I'm surprised there hasn't been an implosion in commercial real estate markets yet. Maybe there has but it just hasn't hit the news or bank earnings yet?

[dontlifttoshift]

I imagine mortgage rates doubling will have that effect. According to Redfin, vegas housing prices were up 22.5% in June compared to last year......and approximately 50% since June of 2019.

Even with the recent drop the SP500 is still up ~195% over the past ten years.