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: Lizzie Tudor who wrote (5724)	10/1/2002 12:16:09 PM
From: Tradelite	Read Replies (1) of 306849

<<People thought their homes had made them rich.>> Homes don't necessarily make people rich. They do tend to enrich people's lives, however. It's important to discern the difference. A home just might make one rich if one lives in it long enough to enjoy decades of old age with no house payments, while one deploys other financial assets to achieve some degree of wealth. It might also make a person rich if person moves out of house and rents it to another person, who makes the mortgage payments for the owner, while the owner moves on to bigger and/or better things. There are many ways to play this game.

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