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: Elroy Jetson who wrote (6890)	11/17/2002 3:50:28 PM
From: GraceZ	Read Replies (2) of 306849

This same problem appears in statistics suggesting Americans have a very low savings rate. The same people who will tell you that Americans don't save will also tell you how they also lost trillions in the stock market sell off. What I can't figure out is if they don't save anything, how did they lose everything they had in the market? Where did that money they lost come from? The usual argument to that is that you can't count investments as savings, that only money saved in an interest bearing account is savings. Well perhaps they invest rather than save because they did the math. You cannot save your way to a retirement equal to your current lifestyle, not in a taxable account at historical inflation rates. They may have made some bad investment choices but they made the correct choice to invest. Now if the government would give investors in stocks and bonds the same cap gains treatment they give to home owners then perhaps they'd have a fighting chance and you wouldn't have so many elderly people eating their houses.

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