UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 265847  
Subject: Re: Purchase a new home or fund retirement? Date: 1/24/2013 3:22 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
In this area real estate is starting to recover. Zillow just marked up houses in my development by 10-15%. That means houses are still down abt 8% from the peak, but no mortgages under water anymore as most would have at least 8% down payments.

You know real estate prospects in your area better than I do, but I would suggest funding retirement and investing in stocks in a cash account for now. Wait as long as you can to see how well real estate will recover in your market. You can always decide to pay off your mortgage later if you need to.

Right now stocks seems to be doing quite well. Investors are optimistic. Its a good time to buy. The good times may not last forever, but for now it looks like some major worries are behind us.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

The Future, or What's Left of It
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement