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: Dave who wrote (18569)	3/13/2004 10:04:04 AM
From: bentway	Read Replies (1) of 306849

I don't know if the sky is falling. Like you, I'm debt free, have a paid-off house, etc. I'm watching CSPAN at the moment, and they've got the author of "Credit Card Nation" on. According to Robert Manning, Americans owe 620 billion of credit card debt, $13,000 per household. Paying down credit card debt is the primary reason for refinancing a residence. So, you, I, and most of the people on this thread aren't typical. Be positive! With your "mountain of cash" you should be hoping for the collapse of the American economy so you can buy assets and securities at rock bottom prices.

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