Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: ild who wrote (1670)	5/21/2003 2:38:16 PM
From: MulhollandDrive	Read Replies (3) of 4905

intersting point you make... i was just mulling something similar over in my mind this morning....watching AG's testimony when he mentioned how american consumers are extracting spendable cash out of mortgage re-fi's.. my thinking was....boomers will not be extracting cash from their mortgages as they near retirement to go on a spending binge....if anything, i think we'll see efforts to pay down mortgages....even with persistent low mortgage rates. basically i think the same demographic that drove the equity bubble with retirement cash, has now turned their sights on housing as their "real" retirement nest egg...of course you cannot "eat" your abode...and the principle appreciation only becomes "real" when you extract it by selling (or leverage it by taking on more debt, which i think will happen less and less with aging boomers).....so....my feeling is the same generation that got stung by asset inflation (and subsequent deflation) in the equities market, will have their collective heads handed to them in the RE market (if they are counting on that for anything other than a roof over their collective heads)

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