The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (536)	8/29/2001 5:46:44 PM
From: Tradelite	Read Replies (2) of 306849

I would think a mission of this thread might be to warn people about over-extending themselves in the debt area. I personally take a dim view of mortgaging one's future with debt. The only loan my spouse and I have ever taken out is the one on the house....borrowing to buy anything else is dumb, ever since the feds removed tax deductibility of credit card debt....and that was years ago. Yet people still keep leveraging themselves. As a parent of two young people....one already trying to make ends meet in his first job since graduating from college and the other still in college.....my message is: no matter what--stay out of debt. Real estate is excluded from this caveat, however, because if it's any good to begin with, it's real. A credit card balance isn't very real.

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