Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: GraceZ who wrote (17078)	3/20/2002 11:34:16 AM
From: elmatador	Read Replies (1) of 74559

I don't consider my home an asset. Simple: I am not planning to emigrate to Bolivia! If people get a spurious feeling of wealthy by looking to the prices of their houses, this may be a problem. People will overborrow just as in my discussion with Patron. Agreed, of course the "appreciating" part is where problems crop up from time to time...

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