[kenco80233]

I purchased my home in a new subdivision in June 2007.The builder is now selling the same home for $80,000. less.Several of my neighbors think that we have legal recourse against the builder.I told them that we were poor comsumers and just have to eat the price difference. I have never heard of any kind of consumer laws reguarding this. Has anyone ever heard of a clas action suit against a builder?

[airics]

nope, you do not have any legal recourse

[jfkIII]

And if buy stock and that stock goes down....do I have any legal recourse???

It's called bad timing.

[airics]

yes you do have legal recourse with the stocks if they go down, you are legally entitled to go to the nearest bar and cry away your tears with vodka or jack daniels..

[daveyjones978]

Originally Posted by airics

yes you do have legal recourse with the stocks if they go down, you are legally entitled to go to the nearest bar and cry away your tears with vodka or jack daniels..

Hah! Sounds like me after getting my recent 401K/IRA statement. Cheers!

[daveyjones978]

Originally Posted by kenco80233

I purchased my home in a new subdivision in June 2007.The builder is now selling the same home for $80,000. less.Several of my neighbors think that we have legal recourse against the builder.I told them that we were poor comsumers and just have to eat the price difference. I have never heard of any kind of consumer laws reguarding this. Has anyone ever heard of a clas action suit against a builder?

No, not if the price has dropped out because of the market fluctuations. If there were problems with the construction of the homes, and several things were going wrong that should be covered under warranty, you may have a case. But for what you are describing, there is no recourse. I think your neighbors are just in shock, IMO.

Hey it happens.

[jfkIII]

Originally Posted by airics

yes you do have legal recourse with the stocks if they go down, you are legally entitled to go to the nearest bar and cry away your tears with vodka or jack daniels..

Ha! I usually cry my eyes out with Jack Daniels and Captain Morgan...their investments have been going sour lately, too! Plus I think Mrs. Daniels just left Jack...and not many know this...but the Captain has a third leg that is wooden, also. They cry a little more than I do!

[jfkIII]

Originally Posted by daveyjones978

Hah! Sounds like me after getting my recent 401K/IRA statement. Cheers!

On March 2nd (2007), after a previous decline of almost 500 points that week, I switched everything over to the fixed account, happy with the climb of the market from 8,000 to 12,000. At the closing bell that day, the DJ (Dow Jones....not daveyjones) stood at 12,114. I then missed the 2007 climb from 12,114 to 14,000 while my money sat in fixed, earning 5.5%. Yesterday, the market closed under the 12,100 mark...so we're back to where we were on March 2nd last year...with more room to sink, thanks to this current economy. I did not predict last year's raise to 14,000...but I'm still happy I got out at 12,114. Less money made...but also less worry and concern.

Of course, as I am approaching retirement, I am a little more conservative than one should be in the 20's.

Good luck.

[daveyjones978]

Originally Posted by jfkIII

On March 2nd (2007), after a previous decline of almost 500 points that week, I switched everything over to the fixed account, happy with the climb of the market from 8,000 to 12,000. At the closing bell that day, the DJ (Dow Jones....not daveyjones) stood at 12,114. I then missed the 2007 climb from 12,114 to 14,000 while my money sat in fixed, earning 5.5%. Yesterday, the market closed under the 12,100 mark...so we're back to where we were on March 2nd last year...with more room to sink, thanks to this current economy. I did not predict last year's raise to 14,000...but I'm still happy I got out at 12,114. Less money made...but also less worry and concern.

Of course, as I am approaching retirement, I am a little more conservative than one should be in the 20's.

Good luck.

Yeah, I can't be bothered worrying about all the fluctuations and whatnot. I take the advice that was given to me as just put the money in and don't look at it for a while, because if I sit there and watch it every day, I will end up going nuts.

I have a different approach though - I started out very conservative, did my max contribution for the year in conservative/moderate funds (since this is the first year that I have been contributing); I figure after that I can afford to go a little more risky, since I will always have the safety net that is in a more secure fund. . . . . if that makes any sense?

thanks for the luck.

[jfkIII]

The younger you are...the riskier you can play, as you have more cycles left in your lifetime. Just remember...buy low, sell high is still the mantra!