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: Micawber who wrote (25718)	12/9/2004 9:47:42 AM
From: Peter Joseph	Read Replies (2) of 306849

Re: I have real estate debt. I sleep like a baby. You haven't heard babies cry lately, have you? :-) The mortgage ponzi scheme must be the largest in the history of mankind, ever. Why else would you spend $1 to save $0.38 in taxes? Add ever-increasing property taxes, HOA and other ad-hoc fees. All this for 15/30 years for something that owns you. i remember feeling similarly giddy in early 2000 about my stock portfolio. Reality is coming. Even when the Fed is striving hard, raining helicopter dollars to keep the economy on life-support. ======== i am with Suma and Elroy on this. Living beneath one's means and having zero debt is a beautiful thing. Want to bet as to who sleeps better? :-) Oh, i see that this is in direct conflict with your day job. Even when it presents the colorful, mainstream view of the sheeple.

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