How much $ have you lost since 2007?

[cheguevara]

feel free to include retirement value, property value or lost jobs wages, etc only related to economy since 2007

- retirement: 30,000
- properties: 100,000
- lost wages: 10,000

so around $140,000, my wife probably around the same so for my household we lost aroud $300,000 since 2007 :rollin

[silverblk mystix]

cheerful thread...

don't remind me...

[silverblk mystix]

cheerful thread...

don't remind me...

[cheguevara]

just wondering how I rank up in here :lol

[cantthinkofanything]

just wondering how I rank up in here :lol

WTF. For once I agree with SBM.

But just know that you are not alone.

[cheguevara]

well was just looking for some group therapy :(

[mrsmaalox]

I'll just say that 2 of my 3 kids better get real smart real fast, and get them some of that college scholarship action :lol

[DUNCANownsKOBE]

I picked the wrong time to be an accounting/finance major cocky enough to start trading stocks in the middle college, I'll say that much :lol

[spurs_fan_in_exile]

I picked the wrong time to be an accounting/finance major cocky enough to start trading stocks in the middle college, I'll say that much :lol

I've got a buddy who dropped by my office literally five minutes ago on his way to a job fair around here with an almost identical story.

As for me I don't know that I really have lost much in the last few years which is more of a testament to how little I had pre-2007 than any money management that's happened since then.

[ashbeeigh]

I'll just say that 2 of my 3 kids better get real smart real fast, and get them some of that college scholarship action :lol

:lmao maalox.

School debt will be the death of me.

[Dex]

Richers.

[DarkReign]

A shit ton. Most due to stock market fluctuations, but also home value (obviously).

On the upside, however, my business is absolutely rolling right now.

Good with the bad, with the good far outweighing the bad in this case.

[Dex]

As for me, the only stock I own is AAPL which has has like tripled since 2007, and I diversified my 401k plan enough to where I've pretty much broke even. Sucked when everything was plummeting, but the way I looked at it, I was just accruing shares for cheap, and now that some things are back on the upswing, I'm starting to see some good returns on it.

[ALVAREZ6]

Nothing. :)

[cantthinkofanything]

cheerful thread...

don't remind me...

wait...doesn't your reprogramming stuff mean that you're always happy since...I forget...blah blah...something...

anyway, I thought you were immune to being upset about money and shit

[ALVAREZ6]

wait...doesn't your reprogramming stuff mean that you're always happy since...I forget...blah blah...something...

anyway, I thought you were immune to being upset about money and shit
:lmao

[Wild Cobra]

If you bought a house before the artificial rise on prices, you haven't lost anything.

[CosmicCowboy]

feel free to include retirement value, property value or lost jobs wages, etc only related to economy since 2007

- retirement: 30,000
- properties: 100,000
- lost wages: 10,000

so around $140,000, my wife probably around the same so for my household we lost aroud $300,000 since 2007 :rollin

How did you lose $100,000 in properties?

Just curious because I've got a significant amount of my net worth in property (not that I have to sell it any time soon) that I have been telling myself I'm still OK in.

[ChumpDumper]

How did you lose $100,000 in properties?

Just curious because I've got a significant amount of my net worth in property (not that I have to sell it any time soon) that I have been telling myself I'm still OK in.Are your properties in Texas?

[ChuckD]

I haven't lost a dime, because losses aren't locked in until you sell. I also never stopped buying, so that means a portion of my 401K was bought when the Dow was at 6500.

[m>s]

at least you can collect food stamps as long as you live in america doesn't matter if you are illegal or have bad credits, no one is gonna starve to die thats the bottomline

[ashbeeigh]

at least you can collect food stamps as long as you live in america doesn't matter if you are illegal or have bad credits, no one is gonna starve to die thats the bottomline

But with relatively low income restrictions placed on government benefits, not as many people qualify for them. Sure, you could be unemployed for two years, but if you're living off of savings to pay your car and house instead of food you're going to have too many assets for the government to help you. Those are the people that are suffering the most. And even those that are getting assistance, it's a lot less than it was pre-2007 because of budget cuts. Just sayin'.

[ManuBalboa]

Nothing. I've just been buying cheaper shares to be sold 30/40 years from now.

[CosmicCowboy]

Are your properties in Texas?

uhhhh yeah....

[2Blonde]

Are you talking appraised value decrease or actual money lost in selling property during the real estate drop?

[ChumpDumper]

uhhhh yeah....Just checking. Consensus is that real estate in Texas hasn't taken the hit it has in other states. You can confirm that for me -- our only place has gone up in value since 07.

[CosmicCowboy]

Just checking. Consensus is that real estate in Texas hasn't taken the hit it has in other states. You can confirm that for me -- our only place has gone up in value since 07.

Yeah, I haven't had new appraisals done but I don't think my commercial property has lost much (if any) value.

[cheguevara]

lost about 30% on property which amounts to about 100k. and I don't consider it artifical price if I could have sold it easily for that amount at the time.

and 30% is not bad from what I hear

[SnakeBoy]

- retirement: +172,000
- properties: +14,000 according to tax appraisals
- lost wages: 0

[CuckingFunt]

Since 2007? More than I care to think about.

Haven't sold or refinanced anything since then, though, and the only assets I liquidated went to pay for three years of undergrad and to support my jobless, full-time student ass, so luckily they've all been the kind of losses that I can't really feel. It's meant that I'll have to hold on to some real estate in California for longer than I wanted to, but everything is rented and paying for itself.

[Wild Cobra]

Since 2007? More than I care to think about.

Haven't sold or refinanced anything since then, though, and the only assets I liquidated went to pay for three years of undergrad and to support my jobless, full-time student ass, so luckily they've all been the kind of losses that I can't really feel. It's meant that I'll have to hold on to some real estate in California for longer than I wanted to, but everything is rented and paying for itself.
You own too much. The liberals would want to tax you more.

[DMC]

I've gained, but gained less than I was gaining in the 90's. I was doing 40% some years in the 90's. Ah the dot com.

[Xevious]

Retirement has been a slow increase because I haven't been too aggressive since the economy went to crap. Appraisal value of the house went down 25 grand or so. Wages have increased quite a bit. The nice thing about working in healthcare is that I've been more or less insulated.

[DMC]

Appraisal values mean shit other than lower property taxes which equates to money in your pocket. That's if you aren't selling. Of course there's a downside: you get shitty apartment dwelling neighbors because banks will sell to anyone.

[Xevious]

Appraisal values mean shit other than lower property taxes which equates to money in your pocket. That's if you aren't selling. Of course there's a downside: you get shitty apartment dwelling neighbors because banks will sell to anyone.

I'd love to sell, but it just isn't an option right now.

[TDMVPDPOY]

gold bubble bursting already...

[ChuckD]

gold bubble bursting already...

Nah, just a dip. It was down here a month or two ago, and went back up to almost $1900.

[Agloco]

feel free to include retirement value, property value or lost jobs wages, etc only related to economy since 2007

- retirement: 30,000
- properties: 100,000
- lost wages: 10,000

so around $140,000, my wife probably around the same so for my household we lost aroud $300,000 since 2007 :rollin

I got lucky. My gut told me to run when Countrywide failed. I happened to be following the sub-prime markets at that time, so I had a good feeling that it was a taste of things to come. I jumped back in about June 2009 but I'm strongly considering shifting my focus to less a aggressive posture in the near future. I don't like where this handbasket is heading.

So basically, dumb luck has netted me just under 300k over a roughly a four year period.

[m>s]

Just checking. Consensus is that real estate in Texas hasn't taken the hit it has in other states. You can confirm that for me -- our only place has gone up in value since 07.

I think that's mainly because of an increase in demand for housing in Texas, since Texas has been one of the states least affected by the recession people want to come here for jobs and wages, with no state income tax factoring into that. I haven't looked at the numbers and know next to nothing about real estate but I'd be willing to bet that Texas is one of very few states who have actually experienced gains in that area. (at least for some people)

[SnakeBoy]

I think that's mainly because of an increase in demand for housing in Texas, since Texas has been one of the states least affected by the recession people want to come here for jobs and wages, with no state income tax factoring into that. I haven't looked at the numbers and know next to nothing about real estate but I'd be willing to bet that Texas is one of very few states who have actually experienced gains in that area. (at least for some people)

Texas was largely unscathed because it has very strict mortgage laws which prevented alot of the high risk exotic loans that helped inflate the housing market in most of the rest of the country. Also it's foreclosure laws allow for much faster foreclosures and I think that also helped.

[Nbadan]

wages: $0
retirement: $0
Land (property): $800k - $1 million

...sucks, but we're holding on, waiting for a bounce...

[rascal]

0, I had 0 in 2007 and still have 0.

Never had $2000 in my life statched away in anything. Have no 401k retirement plan, own no home, own no stocks. I work and live paycheck to paycheck.