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11-20-2008, 09:09 PM
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Registered Member
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Join Date: Jun 2008
Location: Charlotte, NC
Posts: 897
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How many thousands of $$ did you lose this year?
Recent release of the CS index of 20 MSA's the median price of homes fell by 9%. That means that the median home lost $833 in equity per month on a 100,000 home. Average home price in GA was about $250K, they lost about $2000 per month or $24,000 in equity over the year. And since 9% was the "median" price decline--half of the people lost > 9% and half by a lesser amount. In short,....trillions of $$ were lost to the economy and will take years (if ever) to come back.
Obama has a colossal mess on his hands! But no answers.
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11-20-2008, 09:12 PM
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My Family!
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Join Date: Feb 2007
Location: Collierville, TN
Posts: 31,786
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Re: How many thousands of $$ did you lose this yea
40K in my 401(k) -- hoping that it will gain back to where it was in Sept.
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Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
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11-20-2008, 09:12 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: How many thousands of $$ did you lose this yea
House and land are free and clear. But we gripe about paying school taxes since we have no kids in school.
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If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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11-20-2008, 09:19 PM
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the ultracon
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Join Date: Feb 2007
Location: smack dab in da middle
Posts: 4,443
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Re: How many thousands of $$ did you lose this yea
@ 50 k this year in my 401 and that is not counting what my wifes lost. It's sickening
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God has lavished his love upon me.
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11-20-2008, 10:28 PM
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Still Figuring It Out.
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Join Date: Feb 2007
Posts: 10,858
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Re: How many thousands of $$ did you lose this yea
My wife and I felt led to pull all of my 401k out of the stock market early in the year and my 401k is not growing fast... but I have lost no money. I have experienced a growth this year.
We felt led a few years ago to search for a home with land for an unbelievable price. Nearly 2 years of searching and we found it.
We bought a house & acreage for $10,000 and paid cash by refinancing our vehicle for cash out added to what we had saved up while we were looking. We own it free and clear. It would probably appraise for $50,000 or so.
We sold our house that we had owned previously and walked away with $9k above payoff & closing fees.
We have felt some definite leadings over the last few years and we have followed them. Those leadings have protected us from the losses many have suffered.
For that I am thankful to the one who led.
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11-20-2008, 10:39 PM
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Registered Member
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Join Date: Feb 2007
Location: Louisiana
Posts: 5,529
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Re: How many thousands of $$ did you lose this yea
Technically you don't "lose it" till you sell the stock. Hold on to your shares and pray they rise in value........the old saying "Buy low, sell high" might be good to follow after the market hits bottom.......... 
__________________
Psa 119:165 (KJV) 165 Great peace have they which love thy law: and nothing shall offend them.
"Do not believe everthing you read on the internet" - Abe Lincoln
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11-20-2008, 10:46 PM
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"It's Never Too Late"
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Join Date: Feb 2007
Posts: 4,415
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Re: How many thousands of $$ did you lose this yea
Quote:
Originally Posted by RevDWW
Technically you don't "lose it" till you sell the stock. Hold on to your shares and pray they rise in value........the old saying "Buy low, sell high" might be good to follow after the market hits bottom.......... |
If you have an event that requires you spend the money today you have lost money.
Your statement is your networth.
Your networth is not calculated in number of shares/
Neck
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11-21-2008, 04:41 PM
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Registered Member
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Join Date: Feb 2007
Location: Louisiana
Posts: 5,529
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Re: How many thousands of $$ did you lose this yea
Quote:
Originally Posted by Neck
If you have an event that requires you spend the money today you have lost money.
Your statement is your networth.
Your networth is not calculated in number of shares/
Neck
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That's what I just said...... 
How's the Northlands treating you Neck?
__________________
Psa 119:165 (KJV) 165 Great peace have they which love thy law: and nothing shall offend them.
"Do not believe everthing you read on the internet" - Abe Lincoln
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11-21-2008, 07:15 AM
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Jerry Moon
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Join Date: Feb 2007
Location: Borger Texas
Posts: 1,250
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Re: How many thousands of $$ did you lose this yea
Quote:
Originally Posted by RevDWW
Technically you don't "lose it" till you sell the stock. Hold on to your shares and pray they rise in value........the old saying "Buy low, sell high" might be good to follow after the market hits bottom.......... |
Now's the time to buy buy buy...
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11-21-2008, 07:35 AM
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Christmas 2009
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Join Date: Feb 2007
Location: Jackson, TN
Posts: 9,788
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Re: How many thousands of $$ did you lose this yea
I don't have a clue what we've lost in home equity, but I hope to stay here, so I'm not worrying about that. Our 403-B's have gone WAY done, as well as IRA's. Zac's college money has bottomed out pretty bad, so I'm praying he keeps his scholarship. So far, we haven't had to dip into his college savings at all.
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