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Subject:  Re: Retirement planning Date:  9/29/2004  11:42 PM
Author:  Quakeboy02 Number:  42506 of 88421

I bought a house in El Segundo in 1988 and had to sell it this year due to job loss. We were lucky that prices are booming! There were a number of years when we were badly "upside down", and would have been ruined if either my wife or I had lost our job. This is really the thing that you need to think of in a market that's as volatile as California's. If you're still young, in good health, and have a skill that's in high demand, I say hang on to your house. But, as you get older (I'm 52) it starts getting harder to find employment. You don't want to be forced to sell that expensive house in a big pull-back on prices.

Just something to think about.

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