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: RealityNotFantasy who wrote (27742)	3/3/2005 5:58:10 PM
From: Elroy Jetson	Read Replies (2) of 306849

I live in California without a single dollar of debt. If I had more wealth than I do now I would travel more than I do, but I can't think of many other changes I would make. It's a dramatically better lifestyle than when I was younger and with living with the "excitement" of leverage. None of the financial security I have achieved resulted from the debt I took on when younger. Debt is nowhere, a complete dead-end. We frequently read the posts on Silicon Investor made by people caught up in the euphoria of their debt fueled schemes, sounding exactly like the addict on a drug induced high - which in reality they are. It's just that their primary drug of choice is debt. As a financial essayist commented recently, "We have already achieved Bush's 'ownership society' - almost every American now has taken on unimaginably large debts and is owned by a number of banks." .

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