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: Tradelite who wrote (25481)	11/30/2004 6:09:03 AM
From: Amy J	Read Replies (1) of 306849

RE: "40 percent of all U.S. homeowners own their homes outright, all paid up, no mortgage." I sure hope so. Otherwise, people are going to be ultra desperate when they retire and the system could break. Would love to see a link to this statistic, if possible. RE: " poor little stock shareholders-- can make a similar claim." The stock market crash certainly wasn'tfun for anyone, other than possibly short sellers. The people that have it the hardest from what I hear, are those with children entering college. Nothing worse than selling stock in a downturn. The downturn has also been hard on LT buy/holders. Had to change my strategy to writing CC's, which has helped reduce the losses. Have 3X as many shares as what I had in the year-2000 due to CC (after tax estimate). So that has helped it, but it certainly hasn't cured the problem yet. The best thing I did during the boom was to sell a bit of stock to pay in cash for a nice, new car in Sept or Aug of 1999 and a small property outside of Calif on March 31, 2000 that has doubled in value but unfortunately it's a small piece of networth, certainly not enough to make up for the stock losses. Regards, Amy J

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