Norristown to NYC Daily Commute

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3 Hour commute to NYC

"My commute to NYC each day is 2.5 to 3 hours, each way. add those 5-6 hours to the 10-11 hours I spend at work and its a long day. The commute involves driving, train, subway, walking, and dealing with thousands of people. The commute costs $200 a week (train ticket, subway pass, parking, gas, tolls). It also costs a lot in my personal life.
Revision...
Please note: I am not complaining. I am just telling my story. Its been a hard 2 years but it will all be worth it when i move closer, or get a job closer to home. Also note that I am not dumb or stupid, just an educated young man trying to get rich on Wall Street."

http://www.ireport.com/docs/DOC-27835

Cheap Chic: Home-Price Erosion Hits the $5 Million-Plus Market

by Karen Hube
Friday, May 30, 2008 provided by
A slice of the good life -- the really good life -- has gotten a lot more affordable lately. From Miami to Beverly Hills, homes with bowling alleys, theaters, steam rooms, heated decks, six-bay garages and other luxury must-haves are sitting on the market for at least twice as long as they did a year ago, and many sellers are doing what was, until recently, unthinkable: slashing prices. "Sellers are listening to offers they wouldn't have considered before," says Anita Bigelman, a broker/owner at Harding Realty in Miami. "We just sold a house for $10.5 million that was listed for $12 million. Before, that would have never happened."

After seeming impervious to the main market's woes of the past two years, homes in the $5 million-plus market have come down an estimated 10% to 15% in the past two quarters, and they are likely to shed another 10% or more over the next 12 months, according to Housing Predictor, a Destin, Fla., company that crunches data on 250 U.S. regions. "The high-end market is the fortress of the real-estate asset class, and the inner sanctum has been breached," says David Darst, chief investment strategist at Morgan Stanley.

http://finance.yahoo.com/real-estate...on-Plus-Market

false.

looks like we're headed for another tough day. gee, gek, what do we do? this housing crisis is really stressing me out.

You could read, this article for example from the Economist.

"And things are even worse than they look. In the deflationary 1930s, America's general price level was falling, so in real terms home prices declined much less than they did nominally. Today inflation is running at a brisk pace, so property prices have fallen by a staggering 18% in real terms over the past year. In nominal terms, the average home is now worth 16% less than at the peak in 2006, and the large overhang of unsold houses suggests that prices have further to fall. If so, this housing bust could well see a bigger cumulative fall in prices than the 26% real drop over the five years to 1933. Most people would call that a pretty destabilising contraction. "

I might just sell my house now and cut my losses. oh, wait, looks like it's time to gobble some up!

With prices crashing around the nation, home price affordability has improved dramatically in many U.S. cities.

http://promo.realestate.yahoo.com/pr...ince-2004.html

Hey gek, did you ever buy wcg? while housing prices crumble, stocks are soaring. it's perfect.

Too bad for you that you didn't act on the information I provided you (which was, of course, correct).

Misinformed, misinformed, hmmmm, let's see....

$250k + $100k = $350k

Plus fee to the building ($10k?) = $360k

Plus 6% broker commission ($21,600) = $381,600.

As I said previously, the best word to describe this scenario (and you) is delusional.

Here's something that might help you through your difficult transition to facing reality:


L.A. proved too much for the man
So he's leavin' the life he's come to know
He said he's goin' back to find what's left of his world
The world he left behind not so long ago

He's leavin' on that midnight train to Georgia
Said he's goin' back to find the simpler place and time
I'll be with him on that midnight train to Georgia
I'd rather live in his world than live without him in mine

He kept dreamin' that someday he'd be a star
But he sho' found out the hard way that dreams don't always come true
So he's pawned all his hopes and he even sold his own car
Bought a one-way ticket back to the life he once knew

Said he's leavin' on that midnight train to Georgia
Said he's goin' back to find the simpler place and time
I'm gonna be with him on that midnight train to Georgia
I'd rather live in his world than live without him in mine

Oh he's leavin' on the midnight train to Georgia
Said he's goin' back to find the simpler place and time
I've got to be with him on that midnight train to Georgia
I'd rather live in his world than live without him in mine

All aboard, all aboard, all aboard
On the midnight train to Georgia
I got to go
I got to go
I got to go

good idea. buy some builder stocks too. the US economy is going to soar, and so are housing stocks and houses. buy buy buy (remember, they aren't making any more land).

i totally agree. nobody buys blackberries anymore. iPods? nada. iPhones sold-out? i don't believe it. and the u.s. economy... yeah, i agree. i mean, it's hard to find companies that do business outside the u.s. it's time to sell your house, hunker down, and put all your money in ing direct. let the suckers buy stocks that keep hitting record highs. they'll get theirs.